Washington Trust Bancorp, Inc. (NASDAQ:WASH) EVP Kathleen A. Ryan Sells 535 Shares of Stock

Washington Trust Bancorp, Inc. (NASDAQ:WASH) EVP Kathleen A. Ryan sold 535 shares of Washington Trust Bancorp stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $26.46, for a total transaction of $14,156.10. Following the sale, the executive vice president now owns 5,346 shares in the company, valued at approximately $141,455.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Washington Trust Bancorp Stock Up 0.0 %

NASDAQ WASH opened at $26.55 on Tuesday. The stock has a 50 day moving average price of $25.74 and a 200-day moving average price of $27.22. Washington Trust Bancorp, Inc. has a one year low of $21.69 and a one year high of $33.96. The company has a market capitalization of $452.15 million, a P/E ratio of 9.80 and a beta of 0.80. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.07 and a current ratio of 1.07.

Washington Trust Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were paid a $0.56 dividend. The ex-dividend date was Thursday, March 28th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.44%. Washington Trust Bancorp’s payout ratio is currently 82.66%.

Wall Street Analysts Forecast Growth

WASH has been the topic of a number of research reports. Seaport Res Ptn downgraded shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. StockNews.com raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, April 25th.

Institutional Trading of Washington Trust Bancorp

Several hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Washington Trust Bancorp in the fourth quarter worth about $179,000. Quest Partners LLC bought a new position in shares of Washington Trust Bancorp in the fourth quarter worth about $186,000. Retirement Planning Co of New England Inc. purchased a new position in Washington Trust Bancorp in the 3rd quarter worth about $240,000. BNP Paribas Financial Markets lifted its holdings in Washington Trust Bancorp by 139.1% during the 1st quarter. BNP Paribas Financial Markets now owns 9,560 shares of the financial services provider’s stock valued at $257,000 after buying an additional 5,562 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in Washington Trust Bancorp in the 4th quarter valued at about $259,000. 65.81% of the stock is currently owned by hedge funds and other institutional investors.

About Washington Trust Bancorp

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.