SG Americas Securities LLC Purchases New Stake in Washington Trust Bancorp, Inc. (NASDAQ:WASH)

SG Americas Securities LLC purchased a new stake in Washington Trust Bancorp, Inc. (NASDAQ:WASH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,016 shares of the financial services provider’s stock, valued at approximately $584,000. SG Americas Securities LLC owned 0.06% of Washington Trust Bancorp at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WASH. Advisor Group Holdings Inc. lifted its holdings in shares of Washington Trust Bancorp by 8.8% during the second quarter. Advisor Group Holdings Inc. now owns 15,537 shares of the financial services provider’s stock worth $799,000 after buying an additional 1,258 shares in the last quarter. Swiss National Bank increased its position in Washington Trust Bancorp by 7.3% during the second quarter. Swiss National Bank now owns 38,100 shares of the financial services provider’s stock worth $1,956,000 after acquiring an additional 2,600 shares during the period. Rafferty Asset Management LLC raised its stake in Washington Trust Bancorp by 18.2% in the 2nd quarter. Rafferty Asset Management LLC now owns 10,464 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 1,609 shares in the last quarter. Resources Management Corp CT ADV boosted its holdings in Washington Trust Bancorp by 9.7% in the 2nd quarter. Resources Management Corp CT ADV now owns 17,550 shares of the financial services provider’s stock valued at $901,000 after purchasing an additional 1,550 shares during the period. Finally, Richard C. Young & CO. LTD. boosted its holdings in Washington Trust Bancorp by 6.9% in the 2nd quarter. Richard C. Young & CO. LTD. now owns 98,262 shares of the financial services provider’s stock valued at $5,046,000 after purchasing an additional 6,376 shares during the period. Institutional investors and hedge funds own 71.04% of the company’s stock.

Shares of Washington Trust Bancorp stock opened at $59.73 on Friday. The company has a 50 day moving average of $56.67 and a 200-day moving average of $53.74. Washington Trust Bancorp, Inc. has a 1-year low of $42.43 and a 1-year high of $60.96. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.04 billion, a PE ratio of 13.86 and a beta of 0.77.

Washington Trust Bancorp (NASDAQ:WASH) last issued its quarterly earnings results on Sunday, October 24th. The financial services provider reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.10. Washington Trust Bancorp had a net margin of 29.92% and a return on equity of 13.83%. The company had revenue of $56.59 million during the quarter, compared to the consensus estimate of $54.40 million. During the same quarter in the prior year, the firm posted $1.06 EPS. Research analysts forecast that Washington Trust Bancorp, Inc. will post 4.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 7th. Shareholders of record on Monday, January 3rd were given a $0.54 dividend. This is a boost from Washington Trust Bancorp’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a yield of 3.62%. The ex-dividend date was Friday, December 31st. Washington Trust Bancorp’s dividend payout ratio is 50.12%.

WASH has been the subject of a number of recent research reports. Boenning Scattergood reissued a “neutral” rating on shares of Washington Trust Bancorp in a report on Tuesday, October 26th. Zacks Investment Research raised shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a report on Friday, January 7th.

In other news, EVP James M. Hagerty sold 2,000 shares of the stock in a transaction on Friday, January 7th. The shares were sold at an average price of $60.11, for a total transaction of $120,220.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph J. Marcaurele sold 5,000 shares of the stock in a transaction on Tuesday, November 2nd. The stock was sold at an average price of $55.24, for a total transaction of $276,200.00. The disclosure for this sale can be found here. Corporate insiders own 2.18% of the company’s stock.

About Washington Trust Bancorp

Washington Trust Bancorp, Inc operates as a bank holding company. The firm engages in the provision of financial services, including business banking, personal banking and wealth management and trust services. It operates through the following segments: Commercial Banking and Wealth Management Services.

See Also: Dual Listing What You Need to Know

Want to see what other hedge funds are holding WASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Trust Bancorp, Inc. (NASDAQ:WASH).

Institutional Ownership by Quarter for Washington Trust Bancorp (NASDAQ:WASH)

Receive News & Ratings for Washington Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.