Washington Trust Bancorp (NASDAQ:WASH) posted its earnings results on Monday. The financial services provider reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.05, MarketWatch Earnings reports. Washington Trust Bancorp had a net margin of 28.66% and a return on equity of 15.98%.

NASDAQ:WASH opened at $50.24 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $859.54 million, a price-to-earnings ratio of 12.64 and a beta of 0.62. Washington Trust Bancorp has a 52 week low of $45.93 and a 52 week high of $63.25.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were paid a $0.47 dividend. The ex-dividend date of this dividend was Friday, March 29th. This represents a $1.88 annualized dividend and a yield of 3.74%.

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of Washington Trust Bancorp by 2.1% during the third quarter. Bank of New York Mellon Corp now owns 118,213 shares of the financial services provider’s stock worth $6,537,000 after acquiring an additional 2,462 shares during the period. BlackRock Inc. boosted its stake in shares of Washington Trust Bancorp by 1.9% in the third quarter. BlackRock Inc. now owns 1,118,776 shares of the financial services provider’s stock valued at $61,868,000 after buying an additional 20,580 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Washington Trust Bancorp by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 282,783 shares of the financial services provider’s stock valued at $15,637,000 after buying an additional 24,151 shares during the period. MetLife Investment Advisors LLC boosted its stake in shares of Washington Trust Bancorp by 53.9% in the third quarter. MetLife Investment Advisors LLC now owns 11,872 shares of the financial services provider’s stock valued at $657,000 after buying an additional 4,159 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Washington Trust Bancorp by 2.3% in the third quarter. Vanguard Group Inc. now owns 720,344 shares of the financial services provider’s stock valued at $39,836,000 after buying an additional 16,045 shares during the period. Hedge funds and other institutional investors own 59.33% of the company’s stock.

WASH has been the topic of a number of analyst reports. Compass Point upgraded shares of Washington Trust Bancorp from a “neutral” rating to a “buy” rating in a report on Monday. Sandler O’Neill lowered shares of Washington Trust Bancorp from a “buy” rating to a “hold” rating and set a $55.00 target price on the stock. in a report on Tuesday, January 29th. Finally, BidaskClub upgraded shares of Washington Trust Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 25th.

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About Washington Trust Bancorp

Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft.

Further Reading: Calculate Your Return on Investment (ROI)

Earnings History for Washington Trust Bancorp (NASDAQ:WASH)

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