SG Americas Securities LLC Decreases Position in TrustCo Bank Corp NY (NASDAQ:TRST)

SG Americas Securities LLC decreased its position in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 28.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,946 shares of the bank’s stock after selling 1,970 shares during the period. SG Americas Securities LLC’s holdings in TrustCo Bank Corp NY were worth $165,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TRST. GAMMA Investing LLC lifted its position in TrustCo Bank Corp NY by 55.3% in the third 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. Versant Capital Management Inc lifted its position in shares of TrustCo Bank Corp NY by 263.7% in the 4th quarter. Versant Capital Management Inc now owns 942 shares of the bank’s stock valued at $31,000 after acquiring an additional 683 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of TrustCo Bank Corp NY in the third quarter worth $33,000. CWM LLC boosted its position in TrustCo Bank Corp NY by 36.0% during the 3rd quarter. CWM LLC now owns 6,209 shares of the bank’s stock worth $205,000 after acquiring an additional 1,644 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its position in TrustCo Bank Corp NY by 33.4% during the third quarter. Y Intercept Hong Kong Ltd now owns 11,063 shares of the bank’s stock valued at $366,000 after purchasing an additional 2,770 shares in the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

TrustCo Bank Corp NY Stock Down 0.8 %

NASDAQ TRST opened at $32.85 on Monday. The company has a 50 day moving average price of $33.53 and a two-hundred day moving average price of $33.83. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $38.89. The stock has a market capitalization of $624.48 million, a PE ratio of 12.78 and a beta of 0.84.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Tuesday, January 21st. The bank reported $0.59 EPS for the quarter. TrustCo Bank Corp NY had a return on equity of 7.37% and a net margin of 18.56%.

TrustCo Bank Corp NY Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.44 annualized dividend and a dividend yield of 4.38%. TrustCo Bank Corp NY’s dividend payout ratio is presently 56.03%.

TrustCo Bank Corp NY 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.