The Manufacturers Life Insurance Company Sells 934 Shares of TrustCo Bank Corp NY (NASDAQ:TRST)

The Manufacturers Life Insurance Company trimmed its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 12.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,673 shares of the bank’s stock after selling 934 shares during the period. The Manufacturers Life Insurance Company’s holdings in TrustCo Bank Corp NY were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in TrustCo Bank Corp NY by 8.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 243,227 shares of the bank’s stock worth $6,998,000 after buying an additional 19,316 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of TrustCo Bank Corp NY by 31.7% during the second quarter. AQR Capital Management LLC now owns 304,658 shares of the bank’s stock worth $8,765,000 after buying an additional 73,250 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of TrustCo Bank Corp NY during the third quarter worth $596,000. Dimensional Fund Advisors LP grew its holdings in shares of TrustCo Bank Corp NY by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,202,262 shares of the bank’s stock valued at $34,588,000 after buying an additional 11,096 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of TrustCo Bank Corp NY in the third quarter worth about $229,000. Institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Stock Up 2.7 %

Shares of NASDAQ TRST opened at $37.80 on Tuesday. The business’s 50 day moving average price is $35.27 and its 200 day moving average price is $32.77. TrustCo Bank Corp NY has a 52 week low of $25.83 and a 52 week high of $38.89. The firm has a market cap of $718.58 million, a P/E ratio of 15.12 and a beta of 0.83.

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

TrustCo Bank Corp NY Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Friday, December 6th. TrustCo Bank Corp NY’s payout ratio is presently 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.