Washington Trust Bancorp, Inc. (NASDAQ:WASH – Get Free Report) declared a quarterly dividend on Thursday, September 17th. Investors of record on Thursday, October 1st will be paid a dividend of 0.56 per share by the financial services provider on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Thursday, October 1st.
Washington Trust Bancorp has raised its dividend by an average of 0.0%annually over the last three years. Washington Trust Bancorp has a payout ratio of 73.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Washington Trust Bancorp to earn $3.54 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 63.3%.
Washington Trust Bancorp Trading Up 0.4%
Shares of NASDAQ WASH opened at $39.40 on Friday. Washington Trust Bancorp has a 1 year low of $25.23 and a 1 year high of $40.54. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a 50-day moving average of $38.99 and a 200 day moving average of $35.46. The stock has a market cap of $751.36 million, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70.
Institutional Investors Weigh In On Washington Trust Bancorp
Institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of Washington Trust Bancorp by 35.5% during the 1st quarter. Bank of America Corp DE now owns 103,355 shares of the financial services provider’s stock valued at $3,458,000 after acquiring an additional 27,080 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Washington Trust Bancorp by 108.6% during the first quarter. Renaissance Technologies LLC now owns 77,959 shares of the financial services provider’s stock valued at $2,609,000 after purchasing an additional 40,591 shares during the last quarter. First Horizon Corp purchased a new position in shares of Washington Trust Bancorp during the first quarter valued at approximately $9,912,000. Ieq Capital LLC bought a new position in Washington Trust Bancorp during the second quarter valued at approximately $1,344,000. Finally, The Manufacturers Life Insurance Company bought a new position in Washington Trust Bancorp during the second quarter valued at approximately $10,556,000. 65.81% of the stock is owned by hedge funds and other institutional investors.
Washington Trust Bancorp Company Profile
Washington Trust Bancorp, Inc is the parent company of The Washington Trust Company, a full-service community bank headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is recognized as one of the oldest continuously operating banks in the United States.
The company provides a range of financial services to individuals, families, businesses, and institutions. Its offerings include personal and commercial deposit accounts, consumer and business lending, residential mortgages, cash management, online and mobile banking, and other traditional banking services.
Read More
- Five stocks we like better than Washington Trust Bancorp
- 3 Nimble Free Cash Flow Names With Light Assets
- Intel’s Ohio Lifeline? Why the SK Hynix Talks Matter
- Generac Plugs into Amazon for an $8B AI-Powered Deal
- Laser Focus: 2 Optical Stocks Lighting Up AI
Receive News & Ratings for Washington Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
