Washington Trust Bancorp, Inc. (WASH) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,215 shares of the financial services provider’s stock after selling 914 shares during the period. Bank of New York Mellon Corp owned about 0.68% of Washington Trust Bancorp worth $6,653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New England Research & Management Inc. increased its holdings in Washington Trust Bancorp by 1.4% in the third quarter. New England Research & Management Inc. now owns 73,859 shares of the financial services provider’s stock valued at $4,228,000 after purchasing an additional 1,050 shares during the period. Northern Trust Corp increased its holdings in Washington Trust Bancorp by 2.1% in the second quarter. Northern Trust Corp now owns 526,769 shares of the financial services provider’s stock valued at $27,154,000 after purchasing an additional 10,788 shares during the period. Principal Financial Group Inc. increased its holdings in Washington Trust Bancorp by 187.5% in the second quarter. Principal Financial Group Inc. now owns 1,094,945 shares of the financial services provider’s stock valued at $56,445,000 after purchasing an additional 714,155 shares during the period. Wells Fargo & Company MN increased its holdings in Washington Trust Bancorp by 1.0% in the second quarter. Wells Fargo & Company MN now owns 17,710 shares of the financial services provider’s stock valued at $914,000 after purchasing an additional 175 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Washington Trust Bancorp by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 703,417 shares of the financial services provider’s stock valued at $36,262,000 after purchasing an additional 2,007 shares during the period. Institutional investors and hedge funds own 55.09% of the company’s stock.

A number of analysts have commented on WASH shares. Compass Point cut shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. BidaskClub raised shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th.

Shares of Washington Trust Bancorp, Inc. (WASH) opened at $53.25 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.02. The company has a market cap of $940.26, a price-to-earnings ratio of 18.43 and a beta of 0.75. Washington Trust Bancorp, Inc. has a 1 year low of $47.00 and a 1 year high of $59.10.

Washington Trust Bancorp (NASDAQ:WASH) last issued its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. The business had revenue of $47.34 million for the quarter. Washington Trust Bancorp had a net margin of 23.63% and a return on equity of 12.44%.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Friday, December 29th. This represents a $1.56 dividend on an annualized basis and a yield of 2.93%. Washington Trust Bancorp’s dividend payout ratio (DPR) is currently 53.98%.

In other news, SVP Dennis L. Algiere sold 950 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $56.60, for a total transaction of $53,770.00. Following the transaction, the senior vice president now owns 9,783 shares of the company’s stock, valued at approximately $553,717.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Katherine W. Hoxsie sold 2,000 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $56.31, for a total transaction of $112,620.00. Following the transaction, the director now directly owns 24,892 shares in the company, valued at approximately $1,401,668.52. The disclosure for this sale can be found here. Insiders have sold 11,451 shares of company stock worth $633,870 in the last ninety days. Insiders own 2.58% of the company’s stock.

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Washington Trust Bancorp Company Profile

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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