Proficio Capital Partners LLC Makes New $746,000 Investment in TrustCo Bank Corp NY (NASDAQ:TRST)

Proficio Capital Partners LLC bought a new stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,384 shares of the bank’s stock, valued at approximately $746,000. Proficio Capital Partners LLC owned 0.12% of TrustCo Bank Corp NY as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in TrustCo Bank Corp NY during the fourth quarter worth about $29,000. Versant Capital Management Inc boosted its holdings in shares of TrustCo Bank Corp NY by 263.7% during the 4th quarter. Versant Capital Management Inc now owns 942 shares of the bank’s stock worth $31,000 after purchasing an additional 683 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of TrustCo Bank Corp NY during the 3rd quarter worth approximately $33,000. R Squared Ltd acquired a new position in shares of TrustCo Bank Corp NY during the 4th quarter valued at about $91,000. Finally, FMR LLC lifted its holdings in TrustCo Bank Corp NY by 225.6% in the third quarter. FMR LLC now owns 7,189 shares of the bank’s stock valued at $238,000 after acquiring an additional 4,981 shares during the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

TrustCo Bank Corp NY Trading Down 1.1 %

Shares of NASDAQ:TRST opened at $31.05 on Friday. The business has a 50-day moving average price of $32.47 and a 200 day moving average price of $33.75. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $38.89. The company has a market capitalization of $590.26 million, a price-to-earnings ratio of 12.08 and a beta of 0.80.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.59 earnings per share for the quarter. TrustCo Bank Corp NY had a net margin of 18.56% and a return on equity of 7.37%.

TrustCo Bank Corp NY Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Friday, March 7th. TrustCo Bank Corp NY’s payout ratio is 56.03%.

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.