State Street Corp Cuts Stock Holdings in TrustCo Bank Corp NY (NASDAQ:TRST)

State Street Corp lessened its holdings in TrustCo Bank Corp NY (NASDAQ:TRST) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 871,638 shares of the bank’s stock after selling 5,795 shares during the quarter. State Street Corp owned 4.59% of TrustCo Bank Corp NY worth $29,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRST. Bank of New York Mellon Corp boosted its holdings in TrustCo Bank Corp NY by 8.6% during the second 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 in the last quarter. Acadian Asset Management LLC grew its holdings in shares of TrustCo Bank Corp NY by 270.4% in the 2nd quarter. Acadian Asset Management LLC now owns 88,701 shares of the bank’s stock worth $2,550,000 after acquiring an additional 64,751 shares during the period. Texas Permanent School Fund Corp grew its holdings in shares of TrustCo Bank Corp NY by 46.0% in the 2nd quarter. Texas Permanent School Fund Corp now owns 24,315 shares of the bank’s stock worth $700,000 after acquiring an additional 7,665 shares during the period. American Century Companies Inc. increased its stake in TrustCo Bank Corp NY by 17.8% in the 2nd quarter. American Century Companies Inc. now owns 331,049 shares of the bank’s stock valued at $9,524,000 after purchasing an additional 50,106 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in TrustCo Bank Corp NY by 577.9% during the second quarter. Meeder Asset Management Inc. now owns 2,942 shares of the bank’s stock worth $85,000 after purchasing an additional 2,508 shares in the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

TrustCo Bank Corp NY Stock Up 0.6 %

NASDAQ:TRST opened at $33.57 on Friday. TrustCo Bank Corp NY has a 52-week low of $25.83 and a 52-week high of $38.89. The stock has a fifty day simple moving average of $35.45 and a 200-day simple moving average of $32.89. The company has a market capitalization of $638.17 million, a PE ratio of 13.43 and a beta of 0.83.

TrustCo Bank Corp NY (NASDAQ:TRST) last released its quarterly earnings results on Monday, October 21st. The bank reported $0.68 earnings per share (EPS) 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 business earned $0.77 earnings per share.

TrustCo Bank Corp NY Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.29%. The ex-dividend date is Friday, December 6th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is 57.60%.

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.