Washington Trust Bancorp, Inc. (NASDAQ:WASH) Chairman Joseph J. Marcaurele sold 5,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $52.80, for a total transaction of $264,000.00. Following the transaction, the chairman now owns 57,583 shares in the company, valued at approximately $3,040,382.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Washington Trust Bancorp, Inc. (NASDAQ WASH) opened at 52.25 on Wednesday. Washington Trust Bancorp, Inc. has a 12-month low of $38.84 and a 12-month high of $58.30. The firm has a market cap of $899.17 million, a P/E ratio of 18.27 and a beta of 0.73. The firm’s 50-day moving average is $51.71 and its 200 day moving average is $51.50.

Washington Trust Bancorp (NASDAQ:WASH) last announced its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.70 by $0.06. The business had revenue of $46.71 million during the quarter. Washington Trust Bancorp had a return on equity of 12.52% and a net margin of 23.86%. Equities analysts forecast that Washington Trust Bancorp, Inc. will post $2.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Thursday, June 29th. Washington Trust Bancorp’s dividend payout ratio is currently 53.15%.

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Separately, BidaskClub downgraded shares of Washington Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday.

A number of institutional investors have recently made changes to their positions in WASH. John W. Rosenthal Capital Management Inc. raised its position in shares of Washington Trust Bancorp by 4.2% in the first quarter. John W. Rosenthal Capital Management Inc. now owns 60,137 shares of the financial services provider’s stock valued at $2,965,000 after buying an additional 2,450 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Washington Trust Bancorp during the first quarter valued at approximately $346,000. Essex Financial Services Inc. raised its position in shares of Washington Trust Bancorp by 12.2% in the first quarter. Essex Financial Services Inc. now owns 15,697 shares of the financial services provider’s stock valued at $774,000 after buying an additional 1,710 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in shares of Washington Trust Bancorp during the first quarter valued at approximately $478,000. Finally, Parametric Portfolio Associates LLC raised its position in shares of Washington Trust Bancorp by 3.6% in the first quarter. Parametric Portfolio Associates LLC now owns 16,859 shares of the financial services provider’s stock valued at $831,000 after buying an additional 588 shares in the last quarter. 54.68% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Washington Trust Bancorp (NASDAQ:WASH)

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