Washington Trust Bancorp, Inc. (NASDAQ:WASH) Director Katherine W. Hoxsie sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $56.31, for a total transaction of $112,620.00. Following the completion of the sale, the director now directly owns 24,892 shares of the company’s stock, valued at approximately $1,401,668.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Washington Trust Bancorp, Inc. (NASDAQ WASH) opened at 55.50 on Wednesday. The firm has a market cap of $955.16 million, a price-to-earnings ratio of 19.41 and a beta of 0.75. Washington Trust Bancorp, Inc. has a one year low of $44.10 and a one year high of $59.10. The company has a 50 day moving average of $55.98 and a 200-day moving average of $52.02.

Washington Trust Bancorp (NASDAQ:WASH) last released its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The business had revenue of $47.34 million during the quarter. Washington Trust Bancorp had a net margin of 23.63% and a return on equity of 12.56%. On average, analysts expect that Washington Trust Bancorp, Inc. will post $2.94 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Monday, October 2nd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.81%. This is a boost from Washington Trust Bancorp’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, September 29th. Washington Trust Bancorp’s dividend payout ratio is currently 53.98%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in WASH. Parametric Portfolio Associates LLC increased its position in Washington Trust Bancorp by 3.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 16,859 shares of the financial services provider’s stock valued at $831,000 after acquiring an additional 588 shares during the period. JPMorgan Chase & Co. increased its position in Washington Trust Bancorp by 2.0% in the 1st quarter. JPMorgan Chase & Co. now owns 127,862 shares of the financial services provider’s stock valued at $6,304,000 after acquiring an additional 2,494 shares during the period. Prudential Financial Inc. increased its position in Washington Trust Bancorp by 29.3% in the 1st quarter. Prudential Financial Inc. now owns 27,789 shares of the financial services provider’s stock valued at $1,370,000 after acquiring an additional 6,300 shares during the period. American International Group Inc. increased its position in Washington Trust Bancorp by 7.0% in the 1st quarter. American International Group Inc. now owns 9,164 shares of the financial services provider’s stock valued at $452,000 after acquiring an additional 603 shares during the period. Finally, Alliancebernstein L.P. increased its position in Washington Trust Bancorp by 0.8% in the 1st quarter. Alliancebernstein L.P. now owns 23,990 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 55.21% of the company’s stock.

WASH has been the subject of a number of research reports. BidaskClub lowered shares of Washington Trust Bancorp from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Compass Point lowered shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th.

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.

Insider Buying and Selling by Quarter for Washington Trust Bancorp (NASDAQ:WASH)

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