TrustCo Bank Corp NY (NASDAQ:TRST) Position Boosted by Barclays PLC

Barclays PLC lifted its holdings in TrustCo Bank Corp NY (NASDAQ:TRST) by 134.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,729 shares of the bank’s stock after purchasing an additional 21,633 shares during the period. Barclays PLC owned about 0.20% of TrustCo Bank Corp NY worth $1,247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in TrustCo Bank Corp NY in the third quarter worth approximately $33,000. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 410 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of TrustCo Bank Corp NY by 577.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,942 shares of the bank’s stock worth $85,000 after acquiring an additional 2,508 shares in the last quarter. CWM LLC grew its holdings in shares of TrustCo Bank Corp NY by 36.0% in the 3rd quarter. CWM LLC now owns 6,209 shares of the bank’s stock worth $205,000 after acquiring an additional 1,644 shares during the last quarter. Finally, First Trust Direct Indexing L.P. acquired a new stake in shares of TrustCo Bank Corp NY during the third quarter worth $222,000. 68.57% of the stock is currently owned by institutional investors.

TrustCo Bank Corp NY Stock Down 1.2 %

NASDAQ:TRST opened at $33.42 on Monday. The stock has a fifty day simple moving average of $35.43 and a 200 day simple moving average of $33.16. The firm has a market capitalization of $635.31 million, a price-to-earnings ratio of 13.37 and a beta of 0.83. TrustCo Bank Corp NY has a 1-year low of $25.83 and a 1-year high of $38.89.

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. TrustCo Bank Corp NY had a net margin of 18.24% and a return on equity of 7.24%. The business had revenue of $66.00 million for the quarter. During the same period last year, the business earned $0.77 earnings per share.

TrustCo Bank Corp NY Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Friday, December 6th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) 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.