Endurance Wealth Management Inc. trimmed its stake in Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,089 shares of the financial services provider’s stock after selling 11,793 shares during the quarter. Endurance Wealth Management Inc. owned about 0.55% of Washington Trust Bancorp worth $5,063,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of WASH. JPMorgan Chase & Co. grew its holdings in shares of Washington Trust Bancorp by 79.8% during the second quarter. JPMorgan Chase & Co. now owns 229,930 shares of the financial services provider’s stock valued at $11,852,000 after buying an additional 102,068 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Washington Trust Bancorp by 22.1% during the second quarter. Franklin Resources Inc. now owns 489,191 shares of the financial services provider’s stock valued at $25,218,000 after buying an additional 88,500 shares during the last quarter. Thrivent Financial For Lutherans acquired a new position in shares of Washington Trust Bancorp during the second quarter valued at about $2,607,000. Principal Financial Group Inc. grew its holdings in shares of Washington Trust Bancorp by 1.5% during the third quarter. Principal Financial Group Inc. now owns 1,111,262 shares of the financial services provider’s stock valued at $63,619,000 after buying an additional 16,317 shares during the last quarter. Finally, PDT Partners LLC acquired a new position in shares of Washington Trust Bancorp during the second quarter valued at about $825,000. Institutional investors and hedge funds own 55.10% of the company’s stock.
WASH has been the subject of a number of analyst reports. BidaskClub cut shares of Washington Trust Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Compass Point raised shares of Washington Trust Bancorp from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th.
Washington Trust Bancorp (NASDAQ:WASH) last released its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Washington Trust Bancorp had a net margin of 23.63% and a return on equity of 12.44%. The company had revenue of $47.34 million for the quarter.
The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Friday, December 29th. Washington Trust Bancorp’s payout ratio is currently 53.98%.
In other Washington Trust Bancorp news, Director John F. Treanor sold 5,500 shares of Washington Trust Bancorp stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $55.94, for a total value of $307,670.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Katherine W. Hoxsie sold 2,000 shares of Washington Trust Bancorp stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $56.31, for a total transaction of $112,620.00. Following the completion of the sale, the director now directly owns 24,892 shares in the company, valued at approximately $1,401,668.52. The disclosure for this sale can be found here. Insiders have sold 11,451 shares of company stock worth $633,870 over the last three months. 2.58% of the stock is owned by insiders.
Washington Trust Bancorp Company Profile
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).
Receive News & Ratings for Washington Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.