TrustCo Bank Corp NY (NASDAQ:TRST) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,202,262 shares of the bank’s stock after purchasing an additional 11,096 shares during the period. Dimensional Fund Advisors LP owned 6.32% of TrustCo Bank Corp NY worth $34,588,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Hsbc Holdings PLC acquired a new stake in shares of TrustCo Bank Corp NY during the 4th quarter worth $2,672,000. Acadian Asset Management LLC purchased a new position in shares of TrustCo Bank Corp NY in the 1st quarter worth about $672,000. Boston Partners purchased a new position in shares of TrustCo Bank Corp NY in the 1st quarter worth about $525,000. Bank of New York Mellon Corp lifted its stake in shares of TrustCo Bank Corp NY by 8.6% in the 2nd 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 in the last quarter. Finally, Vanguard Group Inc. increased its position in TrustCo Bank Corp NY by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,325,803 shares of the bank’s stock worth $37,335,000 after purchasing an additional 14,183 shares in the last quarter. Hedge funds and other institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Trading Down 2.3 %

Shares of NASDAQ TRST opened at $32.32 on Wednesday. The stock has a fifty day moving average price of $33.45 and a 200 day moving average price of $29.93. TrustCo Bank Corp NY has a 12-month low of $23.78 and a 12-month high of $36.51. The company has a market cap of $614.40 million, a P/E ratio of 11.58 and a beta of 0.82.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced 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 business had revenue of $66.24 million for the quarter, compared to the consensus estimate of $40.94 million. During the same period last year, the business posted $0.86 EPS.

TrustCo Bank Corp NY Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend was Friday, September 6th. TrustCo Bank Corp NY’s payout ratio is 51.61%.

Analysts Set New Price Targets

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

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.