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 the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $26.46, for a total value of $14,156.10. Following the transaction, the executive vice president now directly owns 5,346 shares of the company’s stock, valued at $141,455.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Washington Trust Bancorp Price Performance

NASDAQ:WASH opened at $26.73 on Thursday. The firm has a market capitalization of $455.29 million, a price-to-earnings ratio of 9.86 and a beta of 0.80. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day simple moving average of $25.78 and a 200-day simple moving average of $27.23. Washington Trust Bancorp, Inc. has a 1 year low of $21.69 and a 1 year high of $33.96.

Washington Trust Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 8.38%. The ex-dividend date of this dividend was Thursday, March 28th. Washington Trust Bancorp’s dividend payout ratio is currently 82.66%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Washington Trust Bancorp

A number of large investors have recently made changes to their positions in WASH. Kestra Private Wealth Services LLC raised its holdings in shares of Washington Trust Bancorp by 37.0% in the third quarter. Kestra Private Wealth Services LLC now owns 27,974 shares of the financial services provider’s stock worth $737,000 after buying an additional 7,562 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Washington Trust Bancorp by 9.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 219,208 shares of the financial services provider’s stock worth $5,772,000 after purchasing an additional 19,349 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Washington Trust Bancorp by 3.6% during the third quarter. PNC Financial Services Group Inc. now owns 20,575 shares of the financial services provider’s stock valued at $542,000 after purchasing an additional 715 shares during the period. FMR LLC grew its holdings in shares of Washington Trust Bancorp by 0.4% in the third quarter. FMR LLC now owns 1,314,538 shares of the financial services provider’s stock worth $34,612,000 after purchasing an additional 4,731 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. purchased a new position in Washington Trust Bancorp in the 3rd quarter worth about $240,000. 65.81% of the stock is 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.