Parametric Portfolio Associates LLC raised its position in shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 72.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,147 shares of the financial services provider’s stock after buying an additional 12,288 shares during the period. Parametric Portfolio Associates LLC owned about 0.17% of Washington Trust Bancorp worth $1,503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WASH. Principal Financial Group Inc. boosted its position in Washington Trust Bancorp by 187.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,094,945 shares of the financial services provider’s stock valued at $56,445,000 after buying an additional 714,155 shares during the period. JPMorgan Chase & Co. boosted its position in Washington Trust Bancorp by 79.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 229,930 shares of the financial services provider’s stock valued at $11,852,000 after buying an additional 102,068 shares during the period. Franklin Resources Inc. boosted its position in Washington Trust Bancorp by 22.1% during the 2nd quarter. Franklin Resources Inc. now owns 489,191 shares of the financial services provider’s stock valued at $25,218,000 after buying an additional 88,500 shares during the period. Thrivent Financial For Lutherans purchased a new stake in Washington Trust Bancorp during the 2nd quarter valued at $2,607,000. Finally, GSA Capital Partners LLP boosted its position in Washington Trust Bancorp by 103.7% during the 2nd quarter. GSA Capital Partners LLP now owns 23,757 shares of the financial services provider’s stock valued at $1,225,000 after buying an additional 12,096 shares during the period. 54.95% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on WASH. BidaskClub raised shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Compass Point cut shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th.

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Shares of Washington Trust Bancorp, Inc. (NASDAQ WASH) opened at $53.35 on Tuesday. Washington Trust Bancorp, Inc. has a 12-month low of $47.00 and a 12-month 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. The company has a market cap of $910.12, a PE ratio of 18.29 and a beta of 0.76.

Washington Trust Bancorp (NASDAQ:WASH) last posted its earnings results on Monday, October 23rd. The financial services provider reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Washington Trust Bancorp had a net margin of 23.63% and a return on equity of 12.44%. The firm had revenue of $47.34 million during the quarter.

In related news, Director Katherine W. Hoxsie sold 2,000 shares of Washington Trust Bancorp stock in a transaction dated 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 transaction, 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 filing with the SEC, which is available at this hyperlink. Also, EVP James M. Hagerty sold 900 shares of Washington Trust Bancorp stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $53.33, for a total transaction of $47,997.00. Following the transaction, the executive vice president now directly owns 7,609 shares of the company’s stock, valued at $405,787.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,080 shares of company stock valued at $332,779. Corporate insiders own 2.58% of the company’s stock.

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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Institutional Ownership by Quarter for Washington Trust Bancorp (NASDAQ:WASH)

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