Washington Trust Bancorp, Inc. (WASH) to Issue Quarterly Dividend of $0.39 on October 13th
Washington Trust Bancorp, Inc. (NASDAQ:WASH) announced a quarterly dividend on Friday, September 22nd, Wall Street Journal reports. Investors of record on Monday, October 2nd will be paid a dividend of 0.39 per share by the financial services provider on Friday, October 13th. This represents a $1.56 annualized dividend and a yield of 2.83%. The ex-dividend date is Friday, September 29th. This is an increase from Washington Trust Bancorp’s previous quarterly dividend of $0.38.
Shares of Washington Trust Bancorp (NASDAQ:WASH) opened at 56.10 on Thursday. The firm has a market cap of $965.48 million, a PE ratio of 19.62 and a beta of 0.75. Washington Trust Bancorp has a 12-month low of $38.92 and a 12-month high of $58.30. The firm’s 50-day moving average is $51.24 and its 200-day moving average is $50.73.
Washington Trust Bancorp (NASDAQ:WASH) last released its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.06. The firm had revenue of $46.71 million during the quarter. Washington Trust Bancorp had a return on equity of 12.43% and a net margin of 23.86%. Equities analysts expect that Washington Trust Bancorp will post $2.91 earnings per share for the current fiscal year.
In other Washington Trust Bancorp news, Chairman Joseph J. Marcaurele sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $52.80, for a total value of $264,000.00. Following the transaction, the chairman now directly owns 57,583 shares of the company’s stock, valued at approximately $3,040,382.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 5,205 shares of company stock worth $274,607. 2.58% of the stock is currently owned by corporate insiders.
Separately, BidaskClub cut Washington Trust Bancorp from a “hold” rating to a “sell” rating in a report on Monday, July 24th.
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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