Wellington Management Group LLP Buys Shares of 154,800 Washington Trust Bancorp, Inc. (NASDAQ:WASH)

Wellington Management Group LLP acquired a new position in Washington Trust Bancorp, Inc. (NASDAQ:WASH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 154,800 shares of the financial services provider's stock, valued at approximately $4,853,000. Wellington Management Group LLP owned about 0.80% of Washington Trust Bancorp as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in Washington Trust Bancorp during the third quarter valued at approximately $32,000. Hantz Financial Services Inc. raised its stake in shares of Washington Trust Bancorp by 15,152.6% during the 4th quarter. Hantz Financial Services Inc. now owns 2,898 shares of the financial services provider's stock worth $91,000 after buying an additional 2,879 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Washington Trust Bancorp in the 4th quarter valued at $97,000. The Manufacturers Life Insurance Company purchased a new stake in Washington Trust Bancorp in the 3rd quarter worth $209,000. Finally, Essex Financial Services Inc. increased its holdings in Washington Trust Bancorp by 10.9% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 65.81% of the company's stock.

Washington Trust Bancorp Price Performance

NASDAQ WASH traded up $0.25 during mid-day trading on Thursday, hitting $27.38. The stock had a trading volume of 25,707 shares, compared to its average volume of 141,333. The firm's 50 day moving average is $30.23 and its 200 day moving average is $32.61. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $527.74 million, a price-to-earnings ratio of -17.66 and a beta of 0.76. Washington Trust Bancorp, Inc. has a twelve month low of $24.23 and a twelve month high of $40.59.

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

Washington Trust Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 8.18%. The ex-dividend date was Tuesday, April 1st. Washington Trust Bancorp's dividend payout ratio is currently -144.52%.

Analyst Ratings Changes

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

Washington Trust Bancorp 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.