SG Americas Securities LLC Increases Position in Washington Trust Bancorp, Inc. (NASDAQ:WASH)

SG Americas Securities LLC lifted its position in shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 36.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,547 shares of the financial services provider’s stock after buying an additional 3,070 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of Washington Trust Bancorp worth $372,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC lifted its position in shares of Washington Trust Bancorp by 10.6% in the first quarter. ProShare Advisors LLC now owns 291,461 shares of the financial services provider’s stock valued at $7,834,000 after acquiring an additional 27,979 shares in the last quarter. Inspire Advisors LLC purchased a new position in Washington Trust Bancorp in the 2nd quarter worth approximately $1,529,000. Bank of New York Mellon Corp boosted its stake in Washington Trust Bancorp by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 149,354 shares of the financial services provider’s stock worth $4,094,000 after purchasing an additional 1,996 shares during the period. Renaissance Technologies LLC grew its holdings in Washington Trust Bancorp by 56.6% during the 2nd quarter. Renaissance Technologies LLC now owns 108,668 shares of the financial services provider’s stock valued at $2,979,000 after buying an additional 39,268 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Washington Trust Bancorp by 47.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 23,930 shares of the financial services provider’s stock valued at $643,000 after buying an additional 7,650 shares in the last quarter. Institutional investors own 65.81% of the company’s stock.

Washington Trust Bancorp Price Performance

WASH stock opened at $33.10 on Friday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.14 and a current ratio of 1.15. The company’s fifty day moving average price is $31.50 and its 200-day moving average price is $28.58. Washington Trust Bancorp, Inc. has a one year low of $21.69 and a one year high of $34.27. The company has a market capitalization of $564.49 million, a PE ratio of 12.23 and a beta of 0.79.

Washington Trust Bancorp (NASDAQ:WASH) last announced 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. The business had revenue of $102.66 million for the quarter, compared to analysts’ expectations of $46.06 million. Washington Trust Bancorp had a net margin of 11.51% and a return on equity of 9.95%. During the same quarter in the previous year, the company earned $0.66 EPS. On average, equities analysts anticipate that Washington Trust Bancorp, Inc. will post 2.38 EPS for the current fiscal year.

Washington Trust Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, October 1st were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date was Tuesday, October 1st. Washington Trust Bancorp’s payout ratio is presently 82.66%.

About Washington Trust Bancorp

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.