GSA Capital Partners LLP Lowers Position in Washington Trust Bancorp (WASH)

GSA Capital Partners LLP lessened its stake in Washington Trust Bancorp (NASDAQ:WASH) by 74.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,546 shares of the financial services provider’s stock after selling 19,321 shares during the quarter. GSA Capital Partners LLP’s holdings in Washington Trust Bancorp were worth $311,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Essex Savings Bank purchased a new position in shares of Washington Trust Bancorp during the 4th quarter valued at $83,000. Lehman Financial Resources Inc. purchased a new position in Washington Trust Bancorp in the third quarter worth $221,000. Citigroup Inc. grew its position in Washington Trust Bancorp by 8.4% in the fourth quarter. Citigroup Inc. now owns 6,457 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 503 shares in the last quarter. Opus Capital Group LLC grew its position in Washington Trust Bancorp by 11.9% in the fourth quarter. Opus Capital Group LLC now owns 9,164 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 973 shares in the last quarter. Finally, Affinity Investment Advisors LLC grew its position in Washington Trust Bancorp by 31.1% in the third quarter. Affinity Investment Advisors LLC now owns 8,265 shares of the financial services provider’s stock worth $457,000 after acquiring an additional 1,962 shares in the last quarter. 58.28% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on the stock. BidaskClub upgraded shares of Washington Trust Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 25th. Sandler O’Neill lowered shares of Washington Trust Bancorp from a “buy” rating to a “hold” rating and set a $55.00 target price for the company. in a research report on Tuesday, January 29th. Finally, Compass Point lowered shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a research report on Tuesday, January 29th.

Washington Trust Bancorp stock opened at $49.91 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $887.93 million, a price-to-earnings ratio of 13.06 and a beta of 0.63. Washington Trust Bancorp has a twelve month low of $45.93 and a twelve month high of $63.25.

Washington Trust Bancorp (NASDAQ:WASH) last released its quarterly earnings results on Monday, January 28th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.98. Washington Trust Bancorp had a net margin of 28.66% and a return on equity of 15.98%. The company had revenue of $49.04 million during the quarter.

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About Washington Trust Bancorp

Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate 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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Institutional Ownership by Quarter for Washington Trust Bancorp (NASDAQ:WASH)

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