UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in TrustCo Bank Corp NY (NASDAQ:TRST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 29.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,305 shares of the bank’s stock after purchasing an additional 5,248 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of TrustCo Bank Corp NY worth $771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TRST. Capital Performance Advisors LLP purchased a new stake in shares of TrustCo Bank Corp NY during the third quarter worth about $33,000. GAMMA Investing LLC grew 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 worth $38,000 after acquiring an additional 410 shares during the period. Meeder Asset Management Inc. lifted 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 purchasing an additional 2,508 shares during the period. CWM LLC boosted its holdings in shares of TrustCo Bank Corp NY by 36.0% during the third quarter. CWM LLC now owns 6,209 shares of the bank’s stock worth $205,000 after purchasing an additional 1,644 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of TrustCo Bank Corp NY in the second quarter valued at $219,000. Institutional investors and hedge funds own 68.57% of the company’s stock.

TrustCo Bank Corp NY Trading Down 2.2 %

NASDAQ TRST opened at $33.38 on Friday. The business’s 50-day moving average price is $35.44 and its 200 day moving average price is $32.85. TrustCo Bank Corp NY has a twelve month low of $25.83 and a twelve month high of $38.89. The company has a market capitalization of $634.55 million, a PE ratio of 13.35 and a beta of 0.83.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings data 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 quarter in the previous year, the company earned $0.77 earnings per share.

TrustCo Bank Corp NY Dividend Announcement

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