Washington Trust Bancorp, Inc. (NASDAQ:WASH) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its holdings in Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,748 shares of the financial services provider’s stock after selling 1,973 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Washington Trust Bancorp were worth $2,249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of WASH. Creative Planning raised its position in shares of Washington Trust Bancorp by 27.3% in the third quarter. Creative Planning now owns 64,032 shares of the financial services provider’s stock valued at $2,062,000 after buying an additional 13,726 shares during the last quarter. Barrett & Company Inc. raised its position in shares of Washington Trust Bancorp by 20.1% in the third quarter. Barrett & Company Inc. now owns 4,694 shares of the financial services provider’s stock valued at $151,000 after buying an additional 787 shares during the last quarter. Shepherd Financial Partners LLC raised its position in shares of Washington Trust Bancorp by 12.7% in the third quarter. Shepherd Financial Partners LLC now owns 9,061 shares of the financial services provider’s stock valued at $292,000 after buying an additional 1,019 shares during the last quarter. Aptus Capital Advisors LLC raised its position in shares of Washington Trust Bancorp by 15.6% in the third quarter. Aptus Capital Advisors LLC now owns 103,832 shares of the financial services provider’s stock valued at $3,344,000 after buying an additional 14,028 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Washington Trust Bancorp by 8.5% in the third quarter. Victory Capital Management Inc. now owns 21,800 shares of the financial services provider’s stock valued at $702,000 after buying an additional 1,700 shares during the last quarter. 65.81% of the stock is currently owned by institutional investors and hedge funds.

Washington Trust Bancorp Trading Down 2.4 %

Shares of WASH opened at $31.50 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.63. Washington Trust Bancorp, Inc. has a 12-month low of $24.11 and a 12-month high of $40.59. The firm has a 50-day moving average price of $32.09 and a 200 day moving average price of $33.05. The firm has a market capitalization of $606.69 million, a P/E ratio of -20.32 and a beta of 0.81.

Washington Trust Bancorp (NASDAQ:WASH) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Washington Trust Bancorp had a negative net margin of 6.90% and a positive return on equity of 8.99%. Sell-side analysts forecast that Washington Trust Bancorp, Inc. will post 2.76 EPS for the current year.

Washington Trust Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 7.11%. The ex-dividend date was Thursday, January 2nd. Washington Trust Bancorp’s dividend payout ratio (DPR) is presently -144.52%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a report on Friday, 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.