FMR LLC & Abigail Johnson Hold 7.733% Stake in Washington Trust Bancorp
Ticker: WASH · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 737468
| Field | Detail |
|---|---|
| Company | Washington Trust Bancorp Inc (WASH) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson still own 7.733% of Washington Trust Bancorp.**
AI Summary
FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have updated their ownership stake in Washington Trust Bancorp Inc. (NASDAQ: WASH). As of February 9, 2024, they collectively beneficially own 1,317,117 shares of common stock, representing 7.733% of the company. This filing indicates a significant, but passive, institutional interest in the regional bank, which could be a positive signal for current and prospective investors, suggesting confidence from a large financial entity.
Why It Matters
This filing shows a prominent institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a substantial stake in Washington Trust Bancorp, indicating their continued belief in the company's value.
Risk Assessment
Risk Level: low — This filing is an update to a passive ownership stake, not a new investment or a divestment, indicating stability rather than immediate risk.
Analyst Insight
Investors should note the continued significant, but passive, institutional ownership by FMR LLC, which suggests a stable long-term view from a major financial player. This filing doesn't signal an immediate buy or sell, but rather confirms existing institutional interest.
Key Numbers
- 1,317,117 — Shares Beneficially Owned (Total common stock shares of Washington Trust Bancorp Inc. owned by FMR LLC and Abigail P. Johnson.)
- 7.733% — Percent of Class (The percentage of Washington Trust Bancorp Inc.'s common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
- 940610108 — CUSIP Number (Unique identifier for Washington Trust Bancorp Inc.'s common stock.)
- 20240209 — Filed As Of Date (The date this SC 13G/A amendment was filed.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, likely CEO of FMR LLC
- WASHINGTON TRUST BANCORP INC (company) — the issuer of the securities
- 23 BROAD ST WESTERLY, RI 02891 USA (company) — address of Washington Trust Bancorp Inc.
- 245 Summer Street, Boston, Massachusetts 02210 (company) — address of FMR LLC
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in Washington Trust Bancorp Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the total number of shares of WASHINGTON TR BANCORP INC common stock beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 1,317,117 shares of WASHINGTON TR BANCORP INC common stock, as indicated in Item 7 and Item 4(a) of their respective sections.
What percentage of WASHINGTON TR BANCORP INC's common stock do FMR LLC and Abigail P. Johnson collectively own?
FMR LLC and Abigail P. Johnson collectively own 7.733% of WASHINGTON TR BANCORP INC's common stock, as stated in Item 11 and Item 4(b) for both reporting persons.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and further specified in Item 3.
What is the CUSIP number for the WASHINGTON TR BANCORP INC common stock?
The CUSIP number for the WASHINGTON TR BANCORP INC common stock is 940610108, as listed under 'Cusip #940610108' and in Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding WASHINGTON TRUST BANCORP INC (WASH).