Nisa Investment Advisors LLC Maintains Position in Washington Trust Bancorp, Inc. (WASH)

Nisa Investment Advisors LLC maintained its stake in shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,000 shares of the financial services provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Washington Trust Bancorp were worth $239,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Edge Asset Management Inc. increased its stake in shares of Washington Trust Bancorp by 4.4% in the first quarter. Edge Asset Management Inc. now owns 681,076 shares of the financial services provider’s stock worth $33,577,000 after buying an additional 28,480 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Washington Trust Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 601,000 shares of the financial services provider’s stock worth $29,629,000 after buying an additional 3,507 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Washington Trust Bancorp by 13.4% in the first quarter. Renaissance Technologies LLC now owns 424,368 shares of the financial services provider’s stock worth $20,921,000 after buying an additional 50,168 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Washington Trust Bancorp by 11.9% in the first quarter. Principal Financial Group Inc. now owns 380,790 shares of the financial services provider’s stock worth $18,773,000 after buying an additional 40,482 shares during the last quarter. Finally, BTIM Corp. increased its stake in shares of Washington Trust Bancorp by 37.1% in the first quarter. BTIM Corp. now owns 193,085 shares of the financial services provider’s stock worth $9,519,000 after buying an additional 52,249 shares during the last quarter. 58.83% of the stock is owned by hedge funds and other institutional investors.

Shares of Washington Trust Bancorp, Inc. (NASDAQ WASH) traded down 1.22% during mid-day trading on Tuesday, hitting $51.22. The company had a trading volume of 8,705 shares. The firm has a 50-day moving average price of $52.00 and a 200-day moving average price of $51.40. Washington Trust Bancorp, Inc. has a 52 week low of $38.90 and a 52 week high of $58.30. The firm has a market capitalization of $881.50 million, a PE ratio of 17.91 and a beta of 0.73.

Washington Trust Bancorp (NASDAQ:WASH) last announced its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. Washington Trust Bancorp had a net margin of 23.86% and a return on equity of 12.43%. The company had revenue of $46.71 million during the quarter. Equities analysts forecast that Washington Trust Bancorp, Inc. will post $2.92 earnings per share for the current year.

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Separately, BidaskClub raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd.

In related news, Chairman Joseph J. Marcaurele sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $52.80, for a total value of $264,000.00. Following the completion of the transaction, the chairman now directly owns 57,583 shares in the company, valued at approximately $3,040,382.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 5,481 shares of company stock valued at $287,630. 2.58% of the stock is owned by company insiders.

About Washington Trust Bancorp

Washington Trust Bancorp, Inc is a bank holding company and financial holding company. The Company is a holding company of The Washington Trust Company, of Westerly (the Bank), a Rhode Island chartered commercial bank. The Company operates through two business segments: Commercial Banking and Wealth Management Services.

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

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