14,500 Shares in TrustCo Bank Corp NY $TRST Acquired by Strs Ohio

Strs Ohio bought a new position in shares of TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,500 shares of the bank's stock, valued at approximately $442,000. Strs Ohio owned 0.08% of TrustCo Bank Corp NY as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TRST. Deutsche Bank AG increased its position in shares of TrustCo Bank Corp NY by 14.0% in the 4th quarter. Deutsche Bank AG now owns 9,920 shares of the bank's stock valued at $330,000 after purchasing an additional 1,221 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of TrustCo Bank Corp NY by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,568 shares of the bank's stock valued at $352,000 after purchasing an additional 362 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of TrustCo Bank Corp NY by 69.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,499 shares of the bank's stock valued at $1,316,000 after purchasing an additional 16,194 shares during the last quarter. GAMMA Investing LLC increased its position in shares of TrustCo Bank Corp NY by 4,514.3% in the 1st quarter. GAMMA Investing LLC now owns 53,157 shares of the bank's stock valued at $1,744,000 after purchasing an additional 52,005 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its position in shares of TrustCo Bank Corp NY by 1.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 26,878 shares of the bank's stock valued at $819,000 after purchasing an additional 447 shares during the last quarter. 68.57% of the stock is owned by hedge funds and other institutional investors.

TrustCo Bank Corp NY Trading Down 1.1%

Shares of NASDAQ:TRST opened at $38.70 on Tuesday. TrustCo Bank Corp NY has a 52 week low of $27.18 and a 52 week high of $40.96. The company's 50 day moving average is $36.71 and its two-hundred day moving average is $33.09. The company has a market cap of $729.50 million, a PE ratio of 13.77 and a beta of 0.71.

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The bank reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.10. TrustCo Bank Corp NY had a net margin of 19.84% and a return on equity of 7.85%. The company had revenue of $46.60 million for the quarter, compared to the consensus estimate of $46.16 million.

TrustCo Bank Corp NY Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 5th will be given a $0.38 dividend. This is a positive change from TrustCo Bank Corp NY's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.9%. TrustCo Bank Corp NY's payout ratio is 54.09%.

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.

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