Proficio Capital Partners LLC Buys Shares of 62,355 Washington Trust Bancorp, Inc. (NASDAQ:WASH)

Proficio Capital Partners LLC acquired a new stake in Washington Trust Bancorp, Inc. (NASDAQ:WASH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 62,355 shares of the financial services provider's stock, valued at approximately $1,955,000. Proficio Capital Partners LLC owned about 0.32% of Washington Trust Bancorp as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. raised its position in Washington Trust Bancorp by 22.5% in the 4th quarter. Victory Capital Management Inc. now owns 26,700 shares of the financial services provider's stock valued at $837,000 after purchasing an additional 4,900 shares during the last quarter. Essex Financial Services Inc. raised its position in shares of Washington Trust Bancorp by 10.9% during the fourth quarter. Essex Financial Services Inc. now owns 7,366 shares of the financial services provider's stock worth $231,000 after acquiring an additional 726 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of Washington Trust Bancorp by 1.5% during the fourth quarter. Kestra Private Wealth Services LLC now owns 36,015 shares of the financial services provider's stock worth $1,129,000 after acquiring an additional 544 shares during the last quarter. Brown Lisle Cummings Inc. raised its position in shares of Washington Trust Bancorp by 4.6% during the fourth quarter. Brown Lisle Cummings Inc. now owns 28,637 shares of the financial services provider's stock worth $898,000 after acquiring an additional 1,256 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Washington Trust Bancorp by 15,152.6% during the fourth quarter. Hantz Financial Services Inc. now owns 2,898 shares of the financial services provider's stock worth $91,000 after acquiring an additional 2,879 shares during the last quarter. Institutional investors own 65.81% of the company's stock.

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Washington Trust Bancorp Trading Down 0.8 %

Shares of Washington Trust Bancorp stock traded down $0.24 during trading on Friday, reaching $31.30. 952,146 shares of the company were exchanged, compared to its average volume of 130,413. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.63. Washington Trust Bancorp, Inc. has a twelve month low of $24.11 and a twelve month high of $40.59. The business has a 50-day moving average price of $31.87 and a 200-day moving average price of $33.11. The firm has a market capitalization of $603.34 million, a price-to-earnings ratio of -20.19 and a beta of 0.80.

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

Washington Trust Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 7.16%. Washington Trust Bancorp's dividend payout ratio (DPR) is presently -144.52%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WASH. StockNews.com upgraded Washington Trust Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Seaport Res Ptn upgraded Washington Trust Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 14th.

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.