Washington Trust Bancorp, Inc. (WASH) Announces $0.39 Quarterly Dividend
Washington Trust Bancorp, Inc. (NASDAQ:WASH) declared a quarterly dividend on Friday, December 22nd, Wall Street Journal reports. Shareholders of record on Tuesday, January 2nd will be paid a dividend of 0.39 per share by the financial services provider on Friday, January 12th. This represents a $1.56 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Friday, December 29th.
Shares of Washington Trust Bancorp (NASDAQ:WASH) traded down $0.15 during trading on Friday, reaching $55.20. 35,298 shares of the company’s stock traded hands, compared to its average volume of 30,410. The stock has a market capitalization of $953.18, a price-to-earnings ratio of 19.10 and a beta of 0.75. Washington Trust Bancorp has a one year low of $47.00 and a one year high of $59.10. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.09 and a quick ratio of 1.09.
Washington Trust Bancorp (NASDAQ:WASH) last announced its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The company 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%.
In other news, SVP Dennis L. Algiere sold 950 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $56.60, for a total transaction of $53,770.00. Following the transaction, the senior vice president now directly owns 9,783 shares in the company, valued at $553,717.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James M. Hagerty sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $53.21, for a total transaction of $58,531.00. Following the transaction, the executive vice president now owns 7,609 shares in the company, valued at $404,874.89. The disclosure for this sale can be found here. Insiders sold 11,451 shares of company stock worth $633,870 over the last quarter. 2.58% of the stock is currently owned by insiders.
Several brokerages have commented on WASH. BidaskClub upgraded shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday. Compass Point upgraded shares of Washington Trust Bancorp from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th.
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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