Bank of New York Mellon Corp Sells 20,443 Shares of TrustCo Bank Corp NY (NASDAQ:TRST)

Bank of New York Mellon Corp trimmed its stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 9.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 202,625 shares of the bank’s stock after selling 20,443 shares during the quarter. Bank of New York Mellon Corp owned about 1.07% of TrustCo Bank Corp NY worth $6,749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TRST. Systematic Financial Management LP lifted its position in shares of TrustCo Bank Corp NY by 17.0% during the 3rd quarter. Systematic Financial Management LP now owns 1,109,561 shares of the bank’s stock worth $36,693,000 after buying an additional 161,001 shares during the last quarter. Verition Fund Management LLC increased its holdings in TrustCo Bank Corp NY by 35.2% in the 3rd quarter. Verition Fund Management LLC now owns 290,208 shares of the bank’s stock worth $9,597,000 after purchasing an additional 75,594 shares in the last quarter. Martingale Asset Management L P acquired a new position in TrustCo Bank Corp NY in the 3rd quarter worth about $934,000. JPMorgan Chase & Co. increased its holdings in TrustCo Bank Corp NY by 74.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,128 shares of the bank’s stock worth $2,088,000 after purchasing an additional 26,881 shares in the last quarter. Finally, Barclays PLC increased its holdings in TrustCo Bank Corp NY by 134.4% in the 3rd quarter. Barclays PLC now owns 37,729 shares of the bank’s stock worth $1,247,000 after purchasing an additional 21,633 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors.

TrustCo Bank Corp NY Stock Up 2.5 %

Shares of TRST opened at $30.38 on Monday. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $38.89. The business has a 50-day simple moving average of $32.16 and a two-hundred day simple moving average of $33.61. The stock has a market cap of $577.52 million, a PE ratio of 11.82 and a beta of 0.80.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Tuesday, January 21st. The bank reported $0.59 earnings per share (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 will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a $0.36 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.44 dividend on an annualized basis and a yield of 4.74%. TrustCo Bank Corp NY’s payout ratio is presently 56.03%.

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.