Versant Capital Management Inc Purchases 683 Shares of TrustCo Bank Corp NY (NASDAQ:TRST)

Versant Capital Management Inc grew its holdings in TrustCo Bank Corp NY (NASDAQ:TRST) by 263.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 942 shares of the bank’s stock after buying an additional 683 shares during the period. Versant Capital Management Inc’s holdings in TrustCo Bank Corp NY were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRST. Capital Performance Advisors LLP bought a new position in TrustCo Bank Corp NY in the 3rd quarter valued at $33,000. GAMMA Investing LLC raised its holdings in TrustCo Bank Corp NY by 55.3% in the third quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock worth $38,000 after purchasing an additional 410 shares in the last quarter. Meeder Asset Management Inc. lifted 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 valued at $85,000 after acquiring an additional 2,508 shares during the last quarter. CWM LLC boosted its position 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 purchasing an additional 1,644 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in TrustCo Bank Corp NY in the second quarter worth about $219,000. Hedge funds and other institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Trading Down 1.4 %

Shares of TrustCo Bank Corp NY stock opened at $31.85 on Wednesday. The firm has a market capitalization of $605.47 million, a price-to-earnings ratio of 12.74 and a beta of 0.85. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $38.89. The firm’s 50 day simple moving average is $35.38 and its two-hundred day simple moving average is $33.49.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its quarterly 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 company had revenue of $66.00 million for the quarter. During the same quarter last year, the company posted $0.77 EPS.

TrustCo Bank Corp NY Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.52%. The ex-dividend date was Friday, December 6th. TrustCo Bank Corp NY’s dividend payout ratio is currently 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.