Goldman Sachs Group Inc. lowered its position in shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 60.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,453 shares of the financial services provider’s stock after selling 9,754 shares during the period. Goldman Sachs Group Inc.’s holdings in Washington Trust Bancorp were worth $333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WASH. Parametric Portfolio Associates LLC increased its position in shares of Washington Trust Bancorp by 3.6% during the first quarter. Parametric Portfolio Associates LLC now owns 16,859 shares of the financial services provider’s stock worth $831,000 after purchasing an additional 588 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Washington Trust Bancorp by 0.8% during the first quarter. Alliancebernstein L.P. now owns 23,990 shares of the financial services provider’s stock worth $1,183,000 after purchasing an additional 200 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Washington Trust Bancorp by 2.8% during the first quarter. Teachers Advisors LLC now owns 29,608 shares of the financial services provider’s stock worth $1,460,000 after purchasing an additional 796 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Washington Trust Bancorp by 0.6% during the first quarter. Vanguard Group Inc. now owns 601,000 shares of the financial services provider’s stock worth $29,629,000 after purchasing an additional 3,507 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Washington Trust Bancorp by 2.0% during the first quarter. Geode Capital Management LLC now owns 131,480 shares of the financial services provider’s stock worth $6,481,000 after purchasing an additional 2,522 shares in the last quarter. Institutional investors and hedge funds own 54.95% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Washington Trust Bancorp, Inc. (WASH) Shares Sold by Goldman Sachs Group Inc.” was first published by Daily Political and is the property of of Daily Political. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/11/17/washington-trust-bancorp-inc-wash-shares-sold-by-goldman-sachs-group-inc.html.

A number of analysts have recently commented on WASH shares. BidaskClub cut Washington Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Compass Point cut Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th.

Washington Trust Bancorp, Inc. (NASDAQ:WASH) opened at $53.30 on Friday. The stock has a market capitalization of $923.90, a PE ratio of 18.56 and a beta of 0.76. Washington Trust Bancorp, Inc. has a 52-week low of $47.00 and a 52-week 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.

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

In related news, SVP Dennis L. Algiere sold 950 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $56.60, for a total value of $53,770.00. Following the transaction, the senior vice president now owns 9,783 shares in the company, valued at approximately $553,717.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Katherine W. Hoxsie sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $56.31, for a total value of $112,620.00. Following the completion of the transaction, the director now owns 24,892 shares in the company, valued at approximately $1,401,668.52. The disclosure for this sale can be found here. Insiders sold a total of 6,080 shares of company stock worth $332,779 in the last 90 days. 2.58% of the stock is currently owned by insiders.

About Washington Trust Bancorp

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.

Want to see what other hedge funds are holding WASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Trust Bancorp, Inc. (NASDAQ:WASH).

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

Receive News & Ratings for Washington Trust Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Trust Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.