Kathleen A. Ryan Sells 535 Shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH) 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 stock was sold at an average price of $26.46, for a total transaction of $14,156.10. Following the transaction, the executive vice president now directly owns 5,346 shares in the company, valued at $141,455.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Washington Trust Bancorp Stock Performance

NASDAQ:WASH opened at $26.18 on Wednesday. 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, Inc. has a fifty-two week low of $21.69 and a fifty-two week high of $33.96. The business has a 50 day moving average price of $25.75 and a 200-day moving average price of $27.23. The firm has a market cap of $445.85 million, a PE ratio of 9.66 and a beta of 0.80.

Washington Trust Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 8.56%. The ex-dividend date was Thursday, March 28th. Washington Trust Bancorp’s dividend payout ratio (DPR) is presently 82.66%.

Hedge Funds Weigh In On Washington Trust Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of WASH. Mystic Asset Management Inc. grew its stake in shares of Washington Trust Bancorp by 4.9% in the first quarter. Mystic Asset Management Inc. now owns 18,376 shares of the financial services provider’s stock worth $494,000 after purchasing an additional 860 shares during the last quarter. Empowered Funds LLC grew its position in shares of Washington Trust Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 39,717 shares of the financial services provider’s stock worth $1,068,000 after buying an additional 2,975 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Washington Trust Bancorp by 47.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 23,930 shares of the financial services provider’s stock worth $643,000 after buying an additional 7,650 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Washington Trust Bancorp by 139.1% during the first 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 during the period. Finally, New England Professional Planning Group Inc. raised its holdings in shares of Washington Trust Bancorp by 10.8% during the first quarter. New England Professional Planning Group Inc. now owns 10,528 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 1,027 shares in the last quarter. 65.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on WASH shares. StockNews.com upgraded shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Seaport Res Ptn lowered Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st.

Washington Trust Bancorp Company Profile

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.