Coastline Trust Co Acquires Shares of 10,898 Washington Trust Bancorp, Inc. (NASDAQ:WASH)

Coastline Trust Co acquired a new stake in Washington Trust Bancorp, Inc. (NASDAQ:WASHFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,898 shares of the financial services provider’s stock, valued at approximately $353,000. Coastline Trust Co owned about 0.06% of Washington Trust Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC bought a new position in Washington Trust Bancorp in the third quarter valued at approximately $2,512,000. US Bancorp DE boosted its stake in Washington Trust Bancorp by 242.0% in the second quarter. US Bancorp DE now owns 2,582 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,827 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Washington Trust Bancorp by 6.8% in the second quarter. PNC Financial Services Group Inc. now owns 19,860 shares of the financial services provider’s stock valued at $532,000 after acquiring an additional 1,270 shares during the last quarter. American Century Companies Inc. boosted its stake in Washington Trust Bancorp by 13.2% in the third quarter. American Century Companies Inc. now owns 169,477 shares of the financial services provider’s stock valued at $4,462,000 after acquiring an additional 19,730 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in Washington Trust Bancorp by 37.0% in the third quarter. Kestra Private Wealth Services LLC now owns 27,974 shares of the financial services provider’s stock worth $737,000 after purchasing an additional 7,562 shares during the period. 65.81% of the stock is owned by institutional investors.

Washington Trust Bancorp Trading Down 1.3 %

WASH opened at $25.95 on Wednesday. The firm’s fifty day moving average is $26.56 and its two-hundred day moving average is $27.36. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $441.93 million, a PE ratio of 9.23 and a beta of 0.81. Washington Trust Bancorp, Inc. has a twelve month low of $21.69 and a twelve month high of $34.97.

Washington Trust Bancorp (NASDAQ:WASHGet Free Report) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.22. The company had revenue of $45.96 million for the quarter, compared to analyst estimates of $47.38 million. Washington Trust Bancorp had a net margin of 13.19% and a return on equity of 10.53%. Equities research analysts anticipate that Washington Trust Bancorp, Inc. will post 1.87 EPS for the current year.

Washington Trust Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Monday, April 1st will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.63%. Washington Trust Bancorp’s payout ratio is 79.72%.

Analyst Ratings Changes

Separately, Seaport Res Ptn lowered shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st.

View Our Latest Stock Analysis on Washington Trust Bancorp

Washington Trust Bancorp Company Profile

(Free Report)

Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits; various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft.

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

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