Charles Schwab Investment Management Inc. Acquires 5,454 Shares of TrustCo Bank Corp NY (NASDAQ:TRST)

Charles Schwab Investment Management Inc. lifted its stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 170,371 shares of the bank’s stock after buying an additional 5,454 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.90% of TrustCo Bank Corp NY worth $5,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new position in shares of TrustCo Bank Corp NY in the third quarter worth $33,000. GAMMA Investing LLC raised its position in TrustCo Bank Corp NY by 55.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock valued at $38,000 after purchasing an additional 410 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of TrustCo Bank Corp NY by 577.9% in the second quarter. Meeder Asset Management Inc. now owns 2,942 shares of the bank’s stock valued at $85,000 after acquiring an additional 2,508 shares in the last quarter. CWM LLC increased its position in TrustCo Bank Corp NY by 547.5% during the 2nd quarter. CWM LLC now owns 4,565 shares of the bank’s stock valued at $131,000 after purchasing an additional 3,860 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in TrustCo Bank Corp NY during the second quarter worth $219,000. Hedge funds and other institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Trading Down 0.3 %

Shares of NASDAQ:TRST opened at $36.51 on Friday. The company has a market capitalization of $694.06 million, a PE ratio of 14.60 and a beta of 0.83. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $38.89. The business’s fifty day simple moving average is $35.07 and its 200-day simple moving average is $32.57.

TrustCo Bank Corp NY (NASDAQ:TRST) last released its earnings results on Monday, October 21st. The bank reported $0.68 earnings per share for the quarter. The company had revenue of $66.00 million for the quarter. TrustCo Bank Corp NY had a net margin of 18.24% and a return on equity of 7.24%. During the same period in the prior year, the firm posted $0.77 EPS.

TrustCo Bank Corp NY Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Friday, December 6th. TrustCo Bank Corp NY’s dividend payout ratio is currently 57.60%.

TrustCo Bank Corp NY Company Profile

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.