Teacher Retirement System of Texas Buys New Holdings in Washington Trust Bancorp (WASH)

Teacher Retirement System of Texas bought a new position in shares of Washington Trust Bancorp (NASDAQ:WASH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,305 shares of the financial services provider’s stock, valued at approximately $282,000.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Washington Trust Bancorp during the third quarter worth $128,000. Aperio Group LLC purchased a new stake in shares of Washington Trust Bancorp during the third quarter worth $228,000. Coastline Trust Co acquired a new position in shares of Washington Trust Bancorp during the 3rd quarter valued at about $255,000. Wells Fargo & Company MN boosted its position in shares of Washington Trust Bancorp by 34.3% during the 3rd quarter. Wells Fargo & Company MN now owns 23,777 shares of the financial services provider’s stock valued at $1,361,000 after acquiring an additional 6,067 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Washington Trust Bancorp by 15.7% during the 3rd quarter. GSA Capital Partners LLP now owns 27,483 shares of the financial services provider’s stock valued at $1,573,000 after acquiring an additional 3,726 shares during the last quarter. 57.07% of the stock is owned by institutional investors and hedge funds.

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Washington Trust Bancorp stock opened at $53.25 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.97. The firm has a market cap of $944.39, a PE ratio of 20.09 and a beta of 0.77. Washington Trust Bancorp has a 1 year low of $47.00 and a 1 year high of $59.10.

Washington Trust Bancorp (NASDAQ:WASH) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.07. The firm had revenue of $47.10 million for the quarter. Washington Trust Bancorp had a net margin of 21.38% and a return on equity of 12.76%.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be given a dividend of $0.43 per share. This is a boost from Washington Trust Bancorp’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.72 annualized dividend and a dividend yield of 3.23%. Washington Trust Bancorp’s payout ratio is presently 58.87%.

Several brokerages have recently weighed in on WASH. BidaskClub raised shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Compass Point raised shares of Washington Trust Bancorp from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th.

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About Washington Trust Bancorp

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.

Institutional Ownership by Quarter for Washington Trust Bancorp (NASDAQ:WASH)

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