American Century Companies Inc. Has $4.46 Million Holdings in Washington Trust Bancorp, Inc. (NASDAQ:WASH)

American Century Companies Inc. grew its stake in Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 13.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,477 shares of the financial services provider’s stock after buying an additional 19,730 shares during the period. American Century Companies Inc. owned approximately 1.00% of Washington Trust Bancorp worth $4,462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in WASH. Captrust Financial Advisors lifted its position in shares of Washington Trust Bancorp by 16,450.0% during the 2nd quarter. Captrust Financial Advisors now owns 662 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 658 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Washington Trust Bancorp by 641.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,112 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 962 shares during the last quarter. Citigroup Inc. lifted its position in shares of Washington Trust Bancorp by 31.6% during the 1st quarter. Citigroup Inc. now owns 1,953 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 469 shares during the last quarter. US Bancorp DE lifted its position in shares of Washington Trust Bancorp by 242.0% during the 2nd quarter. US Bancorp DE now owns 2,582 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,827 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of Washington Trust Bancorp by 27.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,530 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 327 shares during the last quarter. Institutional investors and hedge funds own 65.81% of the company’s stock.

Washington Trust Bancorp Price Performance

NASDAQ WASH opened at $27.47 on Thursday. Washington Trust Bancorp, Inc. has a twelve month low of $21.69 and a twelve month high of $36.67. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $467.81 million, a PE ratio of 9.78 and a beta of 0.80. The stock has a 50-day simple moving average of $26.84 and a 200 day simple moving average of $27.41.

Washington Trust Bancorp (NASDAQ:WASH) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.22. Washington Trust Bancorp had a return on equity of 10.53% and a net margin of 13.19%. The firm had revenue of $45.96 million for the quarter, compared to analyst estimates of $47.38 million. Research analysts anticipate that Washington Trust Bancorp, Inc. will post 1.87 EPS for the current year.

Washington Trust Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Monday, April 1st will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $2.24 annualized dividend and a yield of 8.15%. Washington Trust Bancorp’s dividend payout ratio is 79.72%.

Wall Street Analysts Forecast Growth

Separately, Seaport Res Ptn cut Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, 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.