Washington Trust Bancorp, Inc. (NASDAQ:WASH) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,229 shares of the financial services provider’s stock after buying an additional 682 shares during the quarter. SG Americas Securities LLC owned about 0.06% of Washington Trust Bancorp worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Washington Trust Bancorp during the 3rd quarter valued at $32,000. Barrett & Company Inc. grew its holdings in shares of Washington Trust Bancorp by 20.1% during the third quarter. Barrett & Company Inc. now owns 4,694 shares of the financial services provider’s stock valued at $151,000 after buying an additional 787 shares in the last quarter. CWM LLC raised its position in Washington Trust Bancorp by 60.5% during the third quarter. CWM LLC now owns 5,048 shares of the financial services provider’s stock valued at $163,000 after buying an additional 1,902 shares during the period. Sanders Morris Harris LLC purchased a new stake in Washington Trust Bancorp in the 3rd quarter worth about $206,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Washington Trust Bancorp during the 3rd quarter valued at about $209,000. 65.81% of the stock is currently owned by institutional investors.

Washington Trust Bancorp Price Performance

NASDAQ:WASH opened at $32.19 on Tuesday. The company has a fifty day moving average price of $33.13 and a 200 day moving average price of $32.92. Washington Trust Bancorp, Inc. has a one year low of $24.11 and a one year high of $40.59. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $619.98 million, a P/E ratio of -20.77 and a beta of 0.81.

Washington Trust Bancorp (NASDAQ:WASH) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. Washington Trust Bancorp had a positive return on equity of 8.99% and a negative net margin of 6.90%. Analysts anticipate that Washington Trust Bancorp, Inc. will post 2.69 earnings per share for the current year.

Washington Trust Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were paid a $0.56 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $2.24 dividend on an annualized basis and a yield of 6.96%. Washington Trust Bancorp’s payout ratio is currently -144.52%.

Analyst Upgrades and Downgrades

WASH has been the subject of a number of research reports. Piper Sandler raised shares of Washington Trust Bancorp from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $30.00 to $34.00 in a research note on Tuesday, October 22nd. StockNews.com raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Friday.

Washington Trust Bancorp 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.