Washington Trust Co buys $19,128,222 stake in Washington Trust Bancorp (WASH)

Washington Trust Bancorp (WASH) : Washington Trust Co scooped up 1,339 additional shares in Washington Trust Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 487,716 shares of Washington Trust Bancorp which is valued at $19,128,222.Washington Trust Bancorp makes up approximately 1.23% of Washington Trust Co’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management boosted its stake in WASH in the latest quarter, The investment management firm added 4,216 additional shares and now holds a total of 64,282 shares of Washington Trust Bancorp which is valued at $2,521,140. Glenmede Trust Co Na sold out all of its stake in WASH during the most recent quarter. The investment firm sold 101 shares of WASH which is valued $3,963.Proficio Capital Partners boosted its stake in WASH in the latest quarter, The investment management firm added 39 additional shares and now holds a total of 434 shares of Washington Trust Bancorp which is valued at $16,475. Washington Trust Bancorp makes up approx 0.01% of Proficio Capital Partners’s portfolio. Hilton Capital Management added WASH to its portfolio by purchasing 139,995 company shares during the most recent quarter which is valued at $5,406,607. Washington Trust Bancorp makes up approx 1.78% of Hilton Capital Management’s portfolio. Denali Advisors sold out all of its stake in WASH during the most recent quarter. The investment firm sold 100 shares of WASH which is valued $3,921.

Washington Trust Bancorp opened for trading at $40.37 and hit $40.99 on the upside on Tuesday, eventually ending the session at $40.69, with a gain of 1.34% or 0.54 points. The heightened volatility saw the trading volume jump to 43,260 shares. Company has a market cap of $695 M.

Many Wall Street Analysts have commented on Washington Trust Bancorp. Company shares were Reiterated by Compass Point on Jul 26, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $41 .

Washington Trust Bancorp Inc. (the Bancorp) is a bank holding company and financial holding company. The Company operates in two segments: Commercial Banking and Wealth Management Services. Commercial Banking segment includes commercial residential and consumer lending activities; equity in losses of unconsolidated investments in real estate limited partnerships mortgage banking secondary market and loan servicing activities; deposit generation; merchant credit card services; cash management activities and direct banking activities which include the operation of automated teller machine (ATMs) telephone and Internet banking services and customer support and sales. Wealth Management Services includes investment management; financial planning; personal trust services including services as trustee administrator custodian and guardian and estate settlement. Institutional trust services are also provided including fiduciary services.

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