American Century Companies Inc. Sells 101,955 Shares of Washington Trust Bancorp, Inc. $WASH

American Century Companies Inc. reduced its stake in Washington Trust Bancorp, Inc. (NASDAQ:WASH - Free Report) by 46.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 117,734 shares of the financial services provider's stock after selling 101,955 shares during the quarter. American Century Companies Inc. owned approximately 0.61% of Washington Trust Bancorp worth $3,330,000 as of its most recent SEC filing.Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Washington Trust Bancorp by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 1,119,395 shares of the financial services provider's stock worth $34,545,000 after acquiring an additional 86,062 shares in the last quarter. Geode Capital Management LLC grew its position in Washington Trust Bancorp by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 473,378 shares of the financial services provider's stock worth $13,389,000 after purchasing an additional 6,570 shares in the last quarter. Franklin Resources Inc. grew its position in Washington Trust Bancorp by 91.5% in the 2nd quarter. Franklin Resources Inc. now owns 436,454 shares of the financial services provider's stock worth $12,343,000 after purchasing an additional 208,586 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Washington Trust Bancorp by 27.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 386,110 shares of the financial services provider's stock valued at $11,915,000 after buying an additional 82,960 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Washington Trust Bancorp by 39.3% during the 1st quarter. Invesco Ltd. now owns 295,462 shares of the financial services provider's stock worth $9,118,000 after buying an additional 83,311 shares in the last quarter. 65.81% of the stock is currently owned by institutional investors. Analysts Set New Price TargetsSeveral equities analysts have recently issued reports on WASH shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Washington Trust Bancorp in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on Washington Trust Bancorp from $29.00 to $30.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 22nd. Finally, Piper Sandler decreased their target price on Washington Trust Bancorp from $28.00 to $27.00 and set an "underweight" rating for the company in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Washington Trust Bancorp currently has an average rating of "Hold" and an average price target of $28.33.Check Out Our Latest Stock Report on Washington Trust BancorpWashington Trust Bancorp Price PerformanceWashington Trust Bancorp stock opened at $29.64 on Tuesday. Washington Trust Bancorp, Inc. has a 12 month low of $24.95 and a 12 month high of $37.21. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.53. The business's 50 day simple moving average is $27.82 and its 200 day simple moving average is $28.30. The company has a market cap of $564.05 million, a price-to-earnings ratio of -18.64, a PEG ratio of 0.95 and a beta of 0.89. Washington Trust Bancorp (NASDAQ:WASH - Get Free Report) last released its earnings results on Monday, October 20th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.10. The business had revenue of $56.47 million during the quarter, compared to the consensus estimate of $56.39 million. Washington Trust Bancorp had a positive return on equity of 8.90% and a negative net margin of 6.22%.During the same period last year, the business posted $0.64 earnings per share. Sell-side analysts forecast that Washington Trust Bancorp, Inc. will post 2.76 EPS for the current year. Washington Trust Bancorp Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Wednesday, October 1st were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Wednesday, October 1st. Washington Trust Bancorp's payout ratio is currently -140.88%. Washington Trust Bancorp Company Profile (Free Report)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.Further ReadingFive stocks we like better than Washington Trust BancorpWhat Is WallStreetBets and What Stocks Are They Targeting?What Dollar Tree’s Surge and Home Depot’s Slide Say About Consumer HealthHow to Calculate Retirement Income: MarketBeat’s Calculator3 Stocks Most Likely to Split in 2026Are Penny Stocks a Good Fit for Your Portfolio?ChargePoint's Comeback Story: Why This EV Stock Is Charging Up AgainThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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