Parametric Portfolio Associates LLC Has $831,000 Stake in Washington Trust Bancorp, Inc. (WASH)

Parametric Portfolio Associates LLC boosted its position in Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 3.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,859 shares of the financial services provider’s stock after buying an additional 588 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.10% of Washington Trust Bancorp worth $831,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Washington Trust Bancorp by 11.2% in the fourth quarter. State Street Corp now owns 281,985 shares of the financial services provider’s stock worth $15,806,000 after buying an additional 28,495 shares during the period. BTIM Corp. boosted its stake in shares of Washington Trust Bancorp by 37.1% in the first quarter. BTIM Corp. now owns 193,085 shares of the financial services provider’s stock worth $9,519,000 after buying an additional 52,249 shares during the period. Norges Bank purchased a new stake in shares of Washington Trust Bancorp during the fourth quarter worth about $7,339,000. New England Research & Management Inc. boosted its stake in shares of Washington Trust Bancorp by 1.1% in the first quarter. New England Research & Management Inc. now owns 68,259 shares of the financial services provider’s stock worth $3,365,000 after buying an additional 766 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Washington Trust Bancorp by 3.8% in the first quarter. First Trust Advisors LP now owns 47,154 shares of the financial services provider’s stock worth $2,325,000 after buying an additional 1,734 shares during the period. 55.04% of the stock is owned by hedge funds and other institutional investors.

Shares of Washington Trust Bancorp, Inc. (WASH) opened at 54.00 on Wednesday. The stock has a 50 day moving average of $50.73 and a 200-day moving average of $51.55. Washington Trust Bancorp, Inc. has a 52 week low of $36.42 and a 52 week high of $58.30. The stock has a market capitalization of $929.12 million, a PE ratio of 19.71 and a beta of 0.72.

Washington Trust Bancorp (NASDAQ:WASH) last posted its earnings results on Monday, July 24th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.06. Washington Trust Bancorp had a net margin of 23.49% and a return on equity of 12.02%. The firm had revenue of $46.71 million during the quarter. On average, equities research analysts expect that Washington Trust Bancorp, Inc. will post $2.83 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 3rd were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Thursday, June 29th. Washington Trust Bancorp’s dividend payout ratio is currently 55.47%.

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A number of analysts have recently issued reports on WASH shares. BidaskClub cut shares of Washington Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Monday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 price objective on shares of Washington Trust Bancorp in a research note on Monday, April 10th.

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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