TrustCo Bank Corp NY (NASDAQ:TRST) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,589 shares of the bank’s stock after selling 4,208 shares during the quarter. Principal Financial Group Inc. owned 0.47% of TrustCo Bank Corp NY worth $2,963,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in TrustCo Bank Corp NY in the third quarter worth $33,000. GAMMA Investing LLC boosted its stake in TrustCo Bank Corp NY by 55.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock valued at $38,000 after buying an additional 410 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in 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 valued at $85,000 after purchasing an additional 2,508 shares during the last quarter. CWM LLC increased its holdings in TrustCo Bank Corp NY by 36.0% during the 3rd quarter. CWM LLC now owns 6,209 shares of the bank’s stock valued at $205,000 after purchasing an additional 1,644 shares in the last quarter. Finally, First Trust Direct Indexing L.P. acquired a new stake in shares of TrustCo Bank Corp NY in the third quarter valued at $222,000. Hedge funds and other institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Trading Up 0.2 %

Shares of NASDAQ:TRST opened at $32.70 on Friday. The stock has a market capitalization of $621.63 million, a P/E ratio of 13.08 and a beta of 0.85. The business has a 50-day moving average price of $35.43 and a two-hundred day moving average price of $33.33. 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 issued its quarterly earnings data on Monday, October 21st. The bank reported $0.68 earnings per share (EPS) for the quarter. The firm had revenue of $66.00 million during the quarter. TrustCo Bank Corp NY had a net margin of 18.24% and a return on equity of 7.24%. During the same quarter in the prior year, the firm posted $0.77 EPS.

TrustCo Bank Corp NY Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were issued a dividend of $0.36 per share. The ex-dividend date was Friday, December 6th. This represents a $1.44 annualized dividend and a yield of 4.40%. TrustCo Bank Corp NY’s payout ratio is presently 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.