Washington Trust Bancorp, Inc. (NASDAQ:WASH - Get Free Report) EVP Kathleen A. Ryan sold 535 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $26.46, for a total value of $14,156.10. Following the completion of the transaction, the executive vice president now owns 5,346 shares of the company's stock, valued at $141,455.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Washington Trust Bancorp Stock Performance
NASDAQ:WASH opened at $26.55 on Tuesday. Washington Trust Bancorp, Inc. has a fifty-two week low of $21.69 and a fifty-two week high of $33.96. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50 day moving average price of $25.74 and a 200 day moving average price of $27.22. The stock has a market capitalization of $452.15 million, a P/E ratio of 9.80 and a beta of 0.80.
Washington Trust Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.24 annualized dividend and a dividend yield of 8.44%. Washington Trust Bancorp's dividend payout ratio is currently 82.66%.
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Several brokerages have recently commented on WASH. StockNews.com raised Washington Trust Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, April 25th. Seaport Res Ptn lowered shares of Washington Trust Bancorp from a "buy" rating to a "neutral" rating in a report on Wednesday, January 31st.
Check Out Our Latest Stock Analysis on WASH
Institutional Investors Weigh In On Washington Trust Bancorp
Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Washington Trust Bancorp during the 4th quarter worth about $179,000. Quest Partners LLC purchased a new stake in Washington Trust Bancorp during the fourth quarter worth about $186,000. Retirement Planning Co of New England Inc. acquired a new stake in shares of Washington Trust Bancorp during the third quarter worth about $240,000. BNP Paribas Financial Markets boosted its stake in shares of Washington Trust Bancorp by 139.1% in the first quarter. BNP Paribas Financial Markets now owns 9,560 shares of the financial services provider's stock valued at $257,000 after purchasing an additional 5,562 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in shares of Washington Trust Bancorp in the fourth quarter valued at approximately $259,000. 65.81% of the stock is owned by institutional investors and hedge funds.
Washington Trust Bancorp Company Profile
(
Get Free Report)
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.
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