American Century Companies Inc. Has $9.52 Million Holdings in TrustCo Bank Corp NY (NASDAQ:TRST)

American Century Companies Inc. boosted its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 17.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 331,049 shares of the bank’s stock after buying an additional 50,106 shares during the quarter. American Century Companies Inc. owned approximately 1.74% of TrustCo Bank Corp NY worth $9,524,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TRST. Hsbc Holdings PLC acquired a new position in TrustCo Bank Corp NY during the fourth quarter worth approximately $2,672,000. Acadian Asset Management LLC grew its position in shares of TrustCo Bank Corp NY by 270.4% in the second quarter. Acadian Asset Management LLC now owns 88,701 shares of the bank’s stock valued at $2,550,000 after purchasing an additional 64,751 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of TrustCo Bank Corp NY by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,186,342 shares of the bank’s stock valued at $36,836,000 after purchasing an additional 33,892 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of TrustCo Bank Corp NY by 8.6% in the second quarter. Bank of New York Mellon Corp now owns 243,227 shares of the bank’s stock valued at $6,998,000 after purchasing an additional 19,316 shares during the last quarter. Finally, Boston Partners acquired a new position in shares of TrustCo Bank Corp NY in the first quarter valued at approximately $525,000. Institutional investors and hedge funds own 68.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised TrustCo Bank Corp NY from a “sell” rating to a “hold” rating in a research report on Monday, June 17th.

TrustCo Bank Corp NY Trading Down 3.1 %

TrustCo Bank Corp NY stock opened at $33.65 on Monday. TrustCo Bank Corp NY has a 12 month low of $23.78 and a 12 month high of $36.51. The stock’s 50 day moving average is $33.45 and its 200-day moving average is $29.65. The company has a market capitalization of $640.16 million, a price-to-earnings ratio of 12.06 and a beta of 0.82.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its earnings results on Monday, July 22nd. The bank reported $0.66 EPS for the quarter, beating the consensus estimate of $0.53 by $0.13. TrustCo Bank Corp NY had a return on equity of 7.65% and a net margin of 19.22%. The company had revenue of $66.24 million for the quarter, compared to the consensus estimate of $40.94 million. During the same quarter in the prior year, the business earned $0.86 earnings per share.

TrustCo Bank Corp NY Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Friday, September 6th. TrustCo Bank Corp NY’s dividend payout ratio is currently 51.61%.

About TrustCo Bank Corp NY

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals and businesses. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities.