Dimensional Fund Advisors LP Has $36.26 Million Holdings in Washington Trust Bancorp, Inc. (NASDAQ:WASH)

Dimensional Fund Advisors LP increased its holdings in Washington Trust Bancorp, Inc. (NASDAQ:WASH – Get Rating) by 3.5% in the third quarter, Holdings Channel reports. The institutional investor owned 779,965 shares of the financial services provider’s stock after buying an additional 26,647 shares during the period. Dimensional Fund Advisors LP’s holdings in Washington Trust Bancorp were worth $36,255,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. State Street Corp increased its stake in Washington Trust Bancorp by 15.0% during the 1st quarter. State Street Corp now owns 515,243 shares of the financial services provider’s stock worth $27,326,000 after acquiring an additional 67,339 shares during the period. Vanguard Group Inc. increased its position in shares of Washington Trust Bancorp by 4.0% in the first quarter. Vanguard Group Inc. now owns 958,238 shares of the financial services provider’s stock worth $50,306,000 after purchasing an additional 37,258 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Washington Trust Bancorp by 12.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 136,326 shares of the financial services provider’s stock valued at $7,158,000 after purchasing an additional 15,098 shares in the last quarter. Foundry Partners LLC lifted its position in Washington Trust Bancorp by 17.7% during the third quarter. Foundry Partners LLC now owns 92,575 shares of the financial services provider’s stock worth $4,303,000 after purchasing an additional 13,935 shares during the period. Finally, Aptus Capital Advisors LLC grew its stake in Washington Trust Bancorp by 30.4% during the third quarter. Aptus Capital Advisors LLC now owns 55,801 shares of the financial services provider’s stock worth $2,594,000 after buying an additional 13,025 shares in the last quarter. 71.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Washington Trust Bancorp

In related news, Director Constance A. Howes bought 1,250 shares of the company’s stock in a transaction dated Wednesday, February 8th. The stock was purchased at an average price of $44.01 per share, with a total value of $55,012.50. Following the completion of the acquisition, the director now owns 3,320 shares of the company’s stock, valued at $146,113.20. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Washington Trust Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 25th.

Washington Trust Bancorp Stock Up 0.3 %

NASDAQ WASH opened at $42.11 on Thursday. Washington Trust Bancorp, Inc. has a fifty-two week low of $41.03 and a fifty-two week high of $55.93. The business has a fifty day moving average price of $45.43 and a two-hundred day moving average price of $47.90. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.04 and a quick ratio of 1.03. The stock has a market capitalization of $722.61 million, a PE ratio of 10.25 and a beta of 0.73.

Washington Trust Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Tuesday, January 3rd were paid a $0.56 dividend. The ex-dividend date was Friday, December 30th. This is a positive change from Washington Trust Bancorp’s previous quarterly dividend of $0.54. This represents a $2.24 annualized dividend and a yield of 5.32%. Washington Trust Bancorp’s dividend payout ratio (DPR) is 54.50%.

Washington Trust Bancorp Company Profile

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Washington Trust Bancorp, Inc operates as a bank holding company. The firm engages in the provision of financial services, including business banking, personal banking and wealth management and trust services. It operates through the following segments: Commercial Banking and Wealth Management Services.