Barclays PLC Increases Position in TrustCo Bank Corp NY (NASDAQ:TRST)

Barclays PLC grew its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 134.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,729 shares of the bank’s stock after acquiring an additional 21,633 shares during the quarter. Barclays PLC owned 0.20% of TrustCo Bank Corp NY worth $1,247,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings 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 buying an additional 410 shares during the period. Renaissance Technologies LLC increased its holdings in shares of TrustCo Bank Corp NY by 5.0% in the 2nd quarter. Renaissance Technologies LLC now owns 19,486 shares of the bank’s stock worth $561,000 after purchasing an additional 927 shares in the last quarter. Capital Performance Advisors LLP bought a new position in TrustCo Bank Corp NY during the 3rd quarter valued at about $33,000. CWM LLC boosted its holdings in TrustCo Bank Corp NY by 36.0% in 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, Public Sector Pension Investment Board increased its position in TrustCo Bank Corp NY by 6.1% during the second quarter. Public Sector Pension Investment Board now owns 41,878 shares of the bank’s stock valued at $1,205,000 after acquiring an additional 2,393 shares during the last quarter. Hedge funds and other institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Stock Performance

Shares of TrustCo Bank Corp NY stock opened at $30.97 on Tuesday. TrustCo Bank Corp NY has a one year low of $25.83 and a one year high of $38.89. The stock has a market cap of $588.74 million, a P/E ratio of 12.39 and a beta of 0.85. The stock’s fifty day moving average is $35.24 and its 200 day moving average is $33.60.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Monday, October 21st. The bank reported $0.68 earnings per share (EPS) for the quarter. TrustCo Bank Corp NY had a return on equity of 7.24% and a net margin of 18.24%. The firm had revenue of $66.00 million for the quarter. During the same period last year, the firm posted $0.77 earnings per share.

TrustCo Bank Corp NY Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Friday, December 6th. TrustCo Bank Corp NY’s dividend payout ratio is 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.