Virginia Retirement Systems ET AL reduced its position in Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 37.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,100 shares of the financial services provider’s stock after selling 3,700 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Washington Trust Bancorp were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WASH. Principal Financial Group Inc. raised its position in shares of Washington Trust Bancorp by 187.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,094,945 shares of the financial services provider’s stock worth $56,445,000 after buying an additional 714,155 shares during the period. JPMorgan Chase & Co. raised its position in shares of Washington Trust Bancorp by 79.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 229,930 shares of the financial services provider’s stock worth $11,852,000 after buying an additional 102,068 shares during the period. Franklin Resources Inc. raised its position in shares of Washington Trust Bancorp by 22.1% in the 2nd quarter. Franklin Resources Inc. now owns 489,191 shares of the financial services provider’s stock worth $25,218,000 after buying an additional 88,500 shares during the period. Thrivent Financial For Lutherans purchased a new position in shares of Washington Trust Bancorp in the 2nd quarter worth $2,607,000. Finally, PDT Partners LLC purchased a new position in shares of Washington Trust Bancorp in the 2nd quarter worth $825,000. 55.09% of the stock is currently owned by institutional investors and hedge funds.

Washington Trust Bancorp, Inc. (NASDAQ WASH) opened at $52.75 on Wednesday. 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, Inc. has a 52-week low of $47.00 and a 52-week high of $59.10. The company has a market capitalization of $905.82, a PE ratio of 18.20 and a beta of 0.75.

Washington Trust Bancorp (NASDAQ:WASH) last released its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. Washington Trust Bancorp had a return on equity of 12.44% and a net margin of 23.63%. The company had revenue of $47.34 million for the quarter.

Several research analysts recently weighed in on the company. BidaskClub lowered Washington Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday. Compass Point lowered Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th.

In other Washington Trust Bancorp news, EVP James M. Hagerty sold 1,100 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $53.21, for a total value of $58,531.00. Following the transaction, the executive vice president now directly owns 7,609 shares of the company’s stock, valued at $404,874.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dennis L. Algiere sold 950 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $56.60, for a total value of $53,770.00. Following the completion of the transaction, the senior vice president now directly owns 9,783 shares in the company, valued at $553,717.80. The disclosure for this sale can be found here. Insiders sold 11,451 shares of company stock worth $633,870 over the last three months. 2.58% of the stock is currently owned by corporate insiders.

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Washington Trust Bancorp 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.

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

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