Fmr LLC Raises Stock Position in TrustCo Bank Corp NY (NASDAQ:TRST)

Fmr LLC lifted its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 225.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,189 shares of the bank’s stock after purchasing an additional 4,981 shares during the period. Fmr LLC’s holdings in TrustCo Bank Corp NY were worth $238,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in TrustCo Bank Corp NY by 55.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock worth $38,000 after purchasing an additional 410 shares during the period. Renaissance Technologies LLC grew its position in shares of TrustCo Bank Corp NY by 5.0% during the 2nd quarter. Renaissance Technologies LLC now owns 19,486 shares of the bank’s stock worth $561,000 after buying an additional 927 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of TrustCo Bank Corp NY during the third quarter valued at $33,000. CWM LLC raised its holdings in shares of TrustCo Bank Corp NY by 36.0% in the third quarter. CWM LLC now owns 6,209 shares of the bank’s stock valued at $205,000 after acquiring an additional 1,644 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in 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 worth $1,205,000 after acquiring an additional 2,393 shares during the period. Hedge funds and other institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Price Performance

Shares of TrustCo Bank Corp NY stock opened at $33.57 on Friday. The stock has a market cap of $638.17 million, a price-to-earnings ratio of 13.43 and a beta of 0.83. The firm’s 50-day moving average is $35.44 and its two-hundred day moving average is $32.85. 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 released 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 for 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 business posted $0.77 earnings per share.

TrustCo Bank Corp NY Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.29%. TrustCo Bank Corp NY’s dividend payout ratio is presently 57.60%.

TrustCo Bank Corp NY Company Profile

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.