TrustCo Bank Corp NY (NASDAQ:TRST) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,425 shares of the bank's stock after selling 8,200 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.02% of TrustCo Bank Corp NY worth $5,926,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in TrustCo Bank Corp NY during the 4th quarter valued at $247,000. American Century Companies Inc. grew its holdings in TrustCo Bank Corp NY by 9.5% during the 4th quarter. American Century Companies Inc. now owns 407,703 shares of the bank's stock valued at $13,581,000 after buying an additional 35,343 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of TrustCo Bank Corp NY during the fourth quarter valued at $120,000. LPL Financial LLC boosted its stake in shares of TrustCo Bank Corp NY by 18.0% during the fourth quarter. LPL Financial LLC now owns 10,851 shares of the bank's stock valued at $361,000 after acquiring an additional 1,655 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of TrustCo Bank Corp NY by 35.5% during the fourth quarter. Prudential Financial Inc. now owns 38,960 shares of the bank's stock valued at $1,298,000 after acquiring an additional 10,200 shares during the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Stock Down 0.5%

Shares of TRST traded down $0.19 during trading hours on Friday, reaching $34.70. 74,306 shares of the company traded hands, compared to its average volume of 99,912. The stock has a market capitalization of $659.99 million, a PE ratio of 12.35 and a beta of 0.66. TrustCo Bank Corp NY has a fifty-two week low of $27.18 and a fifty-two week high of $38.89. The stock has a fifty day simple moving average of $32.91 and a 200 day simple moving average of $31.77.

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The bank reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $46.16 million.

TrustCo Bank Corp NY Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were given a dividend of $0.36 per share. The ex-dividend date was Friday, June 6th. This represents a $1.44 dividend on an annualized basis and a yield of 4.15%. TrustCo Bank Corp NY's dividend payout ratio (DPR) is currently 51.25%.

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.