GSA Capital Partners LLP increased its holdings in shares of Washington Trust Bancorp (NASDAQ:WASH) by 98.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,867 shares of the financial services provider’s stock after buying an additional 12,819 shares during the period. GSA Capital Partners LLP owned 0.15% of Washington Trust Bancorp worth $1,430,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of WASH. Tower Research Capital LLC TRC raised its stake in shares of Washington Trust Bancorp by 1,740.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,553 shares of the financial services provider’s stock worth $206,000 after buying an additional 3,360 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of Washington Trust Bancorp during the third quarter worth approximately $257,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Washington Trust Bancorp during the second quarter worth approximately $319,000. Columbia Asset Management bought a new stake in shares of Washington Trust Bancorp during the third quarter worth approximately $426,000. Finally, Opus Capital Group LLC raised its stake in shares of Washington Trust Bancorp by 85.3% during the third quarter. Opus Capital Group LLC now owns 8,191 shares of the financial services provider’s stock worth $453,000 after buying an additional 3,771 shares during the last quarter. 58.27% of the stock is owned by institutional investors and hedge funds.
WASH has been the subject of a number of analyst reports. Sandler O’Neill upgraded shares of Washington Trust Bancorp from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Thursday, October 4th. BidaskClub upgraded shares of Washington Trust Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday, October 6th.
In other news, Director Katherine W. Hoxsie sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $59.02, for a total value of $88,530.00. Following the completion of the transaction, the director now owns 25,422 shares in the company, valued at $1,500,406.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director H Douglas Randall III sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $51.93, for a total transaction of $51,930.00. Following the completion of the transaction, the director now owns 22,248 shares of the company’s stock, valued at approximately $1,155,338.64. The disclosure for this sale can be found here. 2.33% of the stock is currently owned by insiders.
Shares of NASDAQ WASH opened at $49.02 on Friday. The company has a market cap of $849.16 million, a P/E ratio of 13.02 and a beta of 0.62. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.99. Washington Trust Bancorp has a 52-week low of $47.79 and a 52-week high of $63.25.
Washington Trust Bancorp (NASDAQ:WASH) last issued its quarterly earnings data on Monday, October 22nd. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.03. The firm had revenue of $48.66 million during the quarter. Washington Trust Bancorp had a net margin of 25.69% and a return on equity of 15.64%.
WARNING: “GSA Capital Partners LLP Acquires 12,819 Shares of Washington Trust Bancorp (WASH)” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2018/12/08/gsa-capital-partners-llp-acquires-12819-shares-of-washington-trust-bancorp-wash.html.
About Washington Trust Bancorp
Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft.
Featured Story: What is intrinsic value?
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.