Dimensional Fund Advisors LP Has $41.02 Million Stock Position in TrustCo Bank Corp NY (NASDAQ:TRST)

Dimensional Fund Advisors LP boosted its position in shares of TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,231,523 shares of the bank's stock after acquiring an additional 15,482 shares during the period. Dimensional Fund Advisors LP owned approximately 6.48% of TrustCo Bank Corp NY worth $41,022,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TRST. First Trust Advisors LP boosted its stake in TrustCo Bank Corp NY by 72.8% during the fourth quarter. First Trust Advisors LP now owns 19,871 shares of the bank's stock worth $662,000 after buying an additional 8,370 shares in the last quarter. Gabelli Funds LLC raised its position in TrustCo Bank Corp NY by 2.2% in the fourth quarter. Gabelli Funds LLC now owns 60,505 shares of the bank's stock worth $2,015,000 after purchasing an additional 1,300 shares in the last quarter. Barclays PLC boosted its holdings in TrustCo Bank Corp NY by 2.3% during the fourth quarter. Barclays PLC now owns 38,579 shares of the bank's stock valued at $1,285,000 after purchasing an additional 850 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of TrustCo Bank Corp NY in the 4th quarter worth approximately $247,000. Finally, Invesco Ltd. lifted its position in shares of TrustCo Bank Corp NY by 277.3% during the 4th quarter. Invesco Ltd. now owns 248,507 shares of the bank's stock worth $8,278,000 after buying an additional 182,634 shares during the period. Institutional investors own 68.57% of the company's stock.

TrustCo Bank Corp NY Stock Performance

Shares of NASDAQ TRST traded down $0.28 during midday trading on Friday, reaching $31.30. 8,443 shares of the company traded hands, compared to its average volume of 86,067. TrustCo Bank Corp NY has a 12 month low of $26.14 and a 12 month high of $38.89. The stock's 50-day simple moving average is $30.00 and its 200-day simple moving average is $32.67. The firm has a market cap of $595.33 million, a PE ratio of 12.18 and a beta of 0.64.

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.10. The company had revenue of $45.35 million during the quarter, compared to analyst estimates of $44.99 million. TrustCo Bank Corp NY had a net margin of 18.56% and a return on equity of 7.37%.

TrustCo Bank Corp NY announced that its board has authorized a stock repurchase plan on Tuesday, March 18th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

TrustCo Bank Corp NY Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Friday, March 7th. TrustCo Bank Corp NY's payout ratio is presently 53.73%.

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.