SG Americas Securities LLC Makes New $229,000 Investment in TrustCo Bank Corp NY (NASDAQ:TRST)

SG Americas Securities LLC purchased a new position in shares of TrustCo Bank Corp NY (NASDAQ:TRST) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,916 shares of the bank’s stock, valued at approximately $229,000.

A number of other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its position in TrustCo Bank Corp NY by 26.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,794 shares of the bank’s stock worth $51,000 after buying an additional 378 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of TrustCo Bank Corp NY by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,556 shares of the bank’s stock valued at $354,000 after purchasing an additional 662 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of TrustCo Bank Corp NY by 5.0% in the second quarter. Renaissance Technologies LLC now owns 19,486 shares of the bank’s stock valued at $561,000 after purchasing an additional 927 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of TrustCo Bank Corp NY by 12.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,903 shares of the bank’s stock valued at $307,000 after purchasing an additional 1,068 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of TrustCo Bank Corp NY by 6.1% in the second quarter. Public Sector Pension Investment Board now owns 41,878 shares of the bank’s stock valued at $1,205,000 after purchasing an additional 2,393 shares during the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

TrustCo Bank Corp NY Trading Down 3.6 %

TrustCo Bank Corp NY stock opened at $32.58 on Tuesday. TrustCo Bank Corp NY has a 12 month low of $23.78 and a 12 month high of $36.51. The stock’s 50 day moving average is $33.19 and its 200-day moving average is $30.42. The company has a market capitalization of $619.35 million, a price-to-earnings ratio of 12.63 and a beta of 0.81.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its earnings results on Monday, July 22nd. The bank reported $0.66 EPS for the quarter, beating the consensus estimate of $0.53 by $0.13. TrustCo Bank Corp NY had a return on equity of 7.65% and a net margin of 19.22%. The company had revenue of $66.24 million for the quarter, compared to the consensus estimate of $40.94 million. During the same quarter in the prior year, the business earned $0.86 earnings per share.

TrustCo Bank Corp NY Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Friday, September 6th. TrustCo Bank Corp NY’s dividend payout ratio is currently 55.60%.

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.