TrustCo Bank Corp NY (NASDAQ:TRST) Shares Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP has increased its stake in TrustCo Bank Corp NY by 100.5%, owning approximately 60,672 shares worth $1.85 million after purchasing an additional 30,410 shares.
• TrustCo Bank Corp NY reported a quarterly earnings per share (EPS) of $0.79, surpassing consensus estimates by $0.10, while also announcing a dividend of $0.36 per share, yielding 4.15%.
• The stock opened at $34.71 and has fluctuated between a 1-year low of $27.18 and a 1-year high of $38.89, with a market capitalization of $660.18 million.

GSA Capital Partners LLP grew its stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 100.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,672 shares of the bank's stock after purchasing an additional 30,410 shares during the quarter. GSA Capital Partners LLP owned 0.32% of TrustCo Bank Corp NY worth $1,849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Cetera Investment Advisers purchased a new position in TrustCo Bank Corp NY in the 1st quarter valued at about $232,000. CWM LLC boosted its position in TrustCo Bank Corp NY by 23.3% in the 1st quarter. CWM LLC now owns 7,626 shares of the bank's stock valued at $232,000 after buying an additional 1,440 shares during the last quarter. Cerity Partners LLC boosted its position in TrustCo Bank Corp NY by 16.3% in the 1st quarter. Cerity Partners LLC now owns 8,393 shares of the bank's stock valued at $256,000 after buying an additional 1,175 shares during the last quarter. Principal Financial Group Inc. boosted its position in TrustCo Bank Corp NY by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 94,687 shares of the bank's stock valued at $2,886,000 after buying an additional 2,529 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in TrustCo Bank Corp NY by 1.4% in the 1st quarter. New York State Teachers Retirement System now owns 30,586 shares of the bank's stock valued at $932,000 after buying an additional 436 shares during the last quarter. Institutional investors and hedge funds own 68.57% of the company's stock.

TrustCo Bank Corp NY Trading Down 1.7%

NASDAQ:TRST traded down $0.58 on Friday, reaching $32.98. The stock had a trading volume of 57,867 shares, compared to its average volume of 89,923. The company has a 50-day moving average of $33.11 and a 200 day moving average of $31.85. The stock has a market cap of $627.36 million, a P/E ratio of 11.74 and a beta of 0.66. TrustCo Bank Corp NY has a 12-month low of $27.18 and a 12-month high of $38.89.

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

TrustCo Bank Corp NY Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, June 6th. 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.