Washington Trust Bancorp Inc. (NASDAQ:WASH) announced a quarterly dividend on Friday, September 16th. Investors of record on Monday, October 3rd will be given a dividend of 0.37 per share by the financial services provider on Friday, October 14th. This represents a $1.48 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, September 29th. This is a positive change from Washington Trust Bancorp’s previous quarterly dividend of $0.36.
Shares of Washington Trust Bancorp (NASDAQ:WASH) opened at 41.28 on Wednesday. Washington Trust Bancorp has a 1-year low of $34.59 and a 1-year high of $43.85. The company’s 50-day moving average price is $41.26 and its 200-day moving average price is $38.57. The company has a market capitalization of $705.10 million, a PE ratio of 16.53 and a beta of 0.87.
Washington Trust Bancorp (NASDAQ:WASH) last released its earnings results on Monday, July 25th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by $0.02. Washington Trust Bancorp had a net margin of 22.85% and a return on equity of 11.32%. On average, equities analysts expect that Washington Trust Bancorp will post $2.56 earnings per share for the current fiscal year.
Separately, Compass Point cut Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 20th.
In other news, Director Katherine W. Hoxsie sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $42.31, for a total transaction of $84,620.00. Following the sale, the director now directly owns 24,302 shares in the company, valued at $1,028,217.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.58% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC purchased a new stake in Washington Trust Bancorp during the second quarter valued at $466,000. Ativo Capital Management LLC boosted its stake in Washington Trust Bancorp by 91.2% in the second quarter. Ativo Capital Management LLC now owns 25,372 shares of the financial services provider’s stock valued at $962,000 after buying an additional 12,104 shares during the period. Raymond James & Associates boosted its stake in Washington Trust Bancorp by 1.6% in the second quarter. Raymond James & Associates now owns 51,543 shares of the financial services provider’s stock valued at $1,955,000 after buying an additional 806 shares during the period. Teachers Advisors Inc. boosted its stake in Washington Trust Bancorp by 9.4% in the second quarter. Teachers Advisors Inc. now owns 28,227 shares of the financial services provider’s stock valued at $1,070,000 after buying an additional 2,433 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Washington Trust Bancorp by 2.5% in the second quarter. Alliancebernstein L.P. now owns 24,190 shares of the financial services provider’s stock valued at $917,000 after buying an additional 600 shares during the period. Institutional investors own 52.25% of the company’s stock.
Washington Trust Bancorp Company Profile
Washington Trust Bancorp, Inc (Bancorp) is a bank holding and financial holding company. The Company operates through two segments: Commercial Banking and Wealth Management Services. Its Commercial Banking segment includes commercial, residential and consumer lending activities; equity in losses of unconsolidated investments in real estate limited partnerships, mortgage banking, secondary market and loan servicing activities; deposit generation; merchant credit card services; cash management activities, and direct banking activities, which include the operation of automated teller machines (ATMs), telephone and Internet banking services, and customer support and sales.
Receive News & Ratings for Washington Trust Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Trust Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.