TrustCo Bank Corp NY (NASDAQ:TRST) Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 74.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,128 shares of the bank’s stock after purchasing an additional 26,881 shares during the quarter. JPMorgan Chase & Co. owned about 0.33% of TrustCo Bank Corp NY worth $2,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of TrustCo Bank Corp NY during the third quarter valued at about $33,000. GAMMA Investing LLC raised its stake in shares of TrustCo Bank Corp NY by 55.3% during the third quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock valued at $38,000 after purchasing an additional 410 shares in the last quarter. CWM LLC raised its stake 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 valued at $205,000 after purchasing an additional 1,644 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of TrustCo Bank Corp NY during the second quarter valued at about $219,000. Finally, First Trust Direct Indexing L.P. bought a new stake in shares of TrustCo Bank Corp NY during the third quarter valued at about $222,000. 68.57% of the stock is currently owned by institutional investors.

TrustCo Bank Corp NY Trading Up 0.9 %

Shares of TrustCo Bank Corp NY stock opened at $32.51 on Wednesday. The company’s 50-day moving average price is $34.77 and its two-hundred day moving average price is $33.76. TrustCo Bank Corp NY has a 52 week low of $25.83 and a 52 week high of $38.89. The stock has a market cap of $618.02 million, a PE ratio of 13.00 and a beta of 0.85.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.59 EPS for the quarter. TrustCo Bank Corp NY had a net margin of 18.24% and a return on equity of 7.24%.

TrustCo Bank Corp NY Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Friday, December 6th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) 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.