Washington Trust Bancorp, Inc. (NASDAQ:WASH) Stock Position Increased by American Century Companies Inc.

American Century Companies Inc. grew its position in Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 16.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 282,925 shares of the financial services provider’s stock after purchasing an additional 40,122 shares during the period. American Century Companies Inc. owned approximately 1.66% of Washington Trust Bancorp worth $7,755,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WASH. Dimensional Fund Advisors LP grew its holdings in Washington Trust Bancorp by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 774,705 shares of the financial services provider’s stock worth $25,086,000 after buying an additional 68,930 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Washington Trust Bancorp by 10.6% during the first quarter. ProShare Advisors LLC now owns 291,461 shares of the financial services provider’s stock valued at $7,834,000 after purchasing an additional 27,979 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Washington Trust Bancorp by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 235,586 shares of the financial services provider’s stock valued at $7,628,000 after purchasing an additional 16,378 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Washington Trust Bancorp by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 149,354 shares of the financial services provider’s stock valued at $4,094,000 after purchasing an additional 1,996 shares in the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in Washington Trust Bancorp by 24.8% in the second quarter. Aptus Capital Advisors LLC now owns 89,804 shares of the financial services provider’s stock worth $2,462,000 after purchasing an additional 17,850 shares during the period. Institutional investors and hedge funds own 65.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, June 17th.

Washington Trust Bancorp Stock Performance

Shares of NASDAQ WASH opened at $32.63 on Tuesday. Washington Trust Bancorp, Inc. has a 1 year low of $21.69 and a 1 year high of $34.27. The firm has a market cap of $556.47 million, a P/E ratio of 12.04 and a beta of 0.79. The stock has a fifty day moving average price of $31.18 and a two-hundred day moving average price of $27.88. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.14 and a current ratio of 1.15.

Washington Trust Bancorp (NASDAQ:WASH) last issued its quarterly earnings results on Monday, July 22nd. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.49 by $0.14. Washington Trust Bancorp had a net margin of 11.51% and a return on equity of 9.95%. The firm had revenue of $102.66 million for the quarter, compared to analysts’ expectations of $46.06 million. During the same period in the previous year, the business earned $0.66 earnings per share. Research analysts forecast that Washington Trust Bancorp, Inc. will post 2.38 EPS for the current fiscal year.

Washington Trust Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date of this dividend is Tuesday, October 1st. Washington Trust Bancorp’s payout ratio is 82.66%.

Washington Trust Bancorp Company Profile

Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits; various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft.