Washington Trust Bancorp, Inc. (NASDAQ:WASH) Director Edwin J. Santos sold 800 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $55.63, for a total value of $44,504.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of WASH stock opened at $56.70 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $954.73, a PE ratio of 16.99 and a beta of 0.72. Washington Trust Bancorp, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $59.10.
Washington Trust Bancorp (NASDAQ:WASH) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. The business had revenue of $47.10 million for the quarter. Washington Trust Bancorp had a return on equity of 13.74% and a net margin of 22.82%.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Monday, April 2nd were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, March 29th. This is a positive change from Washington Trust Bancorp’s previous quarterly dividend of $0.39. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.03%.
Separately, BidaskClub cut Washington Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th.
Hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new position in shares of Washington Trust Bancorp in the fourth quarter valued at about $282,000. MetLife Investment Advisors LLC acquired a new position in shares of Washington Trust Bancorp in the fourth quarter valued at about $411,000. Goldman Sachs Group Inc. increased its holdings in shares of Washington Trust Bancorp by 136.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 9,848 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 5,685 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Washington Trust Bancorp by 34.3% in the third quarter. Wells Fargo & Company MN now owns 23,777 shares of the financial services provider’s stock valued at $1,361,000 after purchasing an additional 6,067 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Washington Trust Bancorp by 10.0% in the fourth quarter. California Public Employees Retirement System now owns 23,817 shares of the financial services provider’s stock valued at $1,268,000 after purchasing an additional 2,169 shares during the period. 56.92% of the stock is currently owned by institutional investors and hedge funds.
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.
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