Washington Trust Bancorp, Inc. (WASH) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lowered its holdings in Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 0.9% during the 3rd quarter, Holdings Channel reports. The firm owned 697,053 shares of the financial services provider’s stock after selling 6,364 shares during the period. Dimensional Fund Advisors LP’s holdings in Washington Trust Bancorp were worth $39,906,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of WASH. JPMorgan Chase & Co. boosted its position in Washington Trust Bancorp by 79.8% in the second quarter. JPMorgan Chase & Co. now owns 229,930 shares of the financial services provider’s stock worth $11,852,000 after purchasing an additional 102,068 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Washington Trust Bancorp by 22.1% during the 2nd quarter. Franklin Resources Inc. now owns 489,191 shares of the financial services provider’s stock valued at $25,218,000 after buying an additional 88,500 shares during the last quarter. Thrivent Financial For Lutherans purchased a new position in shares of Washington Trust Bancorp during the 2nd quarter valued at $2,607,000. Principal Financial Group Inc. lifted its position in shares of Washington Trust Bancorp by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,111,262 shares of the financial services provider’s stock valued at $63,619,000 after buying an additional 16,317 shares during the last quarter. Finally, PDT Partners LLC purchased a new position in shares of Washington Trust Bancorp during the 2nd quarter valued at $825,000. 55.09% of the stock is currently owned by institutional investors and hedge funds.
Washington Trust Bancorp, Inc. (NASDAQ:WASH) opened at $54.65 on Thursday. Washington Trust Bancorp, Inc. has a 1 year low of $47.00 and a 1 year high of $59.10. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $933.37, a price-to-earnings ratio of 18.91 and a beta of 0.75.
Washington Trust Bancorp (NASDAQ:WASH) last issued its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Washington Trust Bancorp had a return on equity of 12.44% and a net margin of 23.63%. The firm had revenue of $47.34 million for the quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Friday, December 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.85%. Washington Trust Bancorp’s dividend payout ratio is presently 53.98%.
In related news, SVP Dennis L. Algiere sold 950 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $56.60, for a total transaction of $53,770.00. Following the sale, the senior vice president now directly owns 9,783 shares in the company, valued at approximately $553,717.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John F. Treanor sold 5,500 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $55.94, for a total value of $307,670.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,451 shares of company stock worth $633,870 in the last ninety days. Insiders own 2.58% of the company’s stock.
WASH has been the topic of a number of recent research reports. Compass Point raised Washington Trust Bancorp from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th. BidaskClub raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th.
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Washington Trust Bancorp Company Profile
Washington Trust Bancorp, Inc is a bank holding company and financial holding company. The Company is a holding company of The Washington Trust Company, of Westerly (the Bank), a Rhode Island chartered commercial bank. The Company operates through two business segments: Commercial Banking and Wealth Management Services.
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