Royce & Associates LP lowered its position in shares of TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 7.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,419 shares of the bank's stock after selling 18,311 shares during the quarter. Royce & Associates LP owned approximately 1.13% of TrustCo Bank Corp NY worth $6,535,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of TrustCo Bank Corp NY by 51.4% during the 1st quarter. GAMMA Investing LLC now owns 1,744 shares of the bank's stock worth $53,000 after purchasing an additional 592 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in TrustCo Bank Corp NY during the 4th quarter worth about $93,000. KLP Kapitalforvaltning AS bought a new stake in TrustCo Bank Corp NY during the 4th quarter worth about $120,000. Point72 Asset Management L.P. bought a new stake in TrustCo Bank Corp NY during the 4th quarter worth about $203,000. Finally, EntryPoint Capital LLC bought a new stake in TrustCo Bank Corp NY during the 4th quarter worth about $223,000. Institutional investors and hedge funds own 68.57% of the company's stock.
TrustCo Bank Corp NY Stock Up 0.9%
NASDAQ:TRST traded up $0.30 during mid-day trading on Wednesday, reaching $34.60. 8,044 shares of the company were exchanged, compared to its average volume of 89,741. TrustCo Bank Corp NY has a 12 month low of $27.18 and a 12 month high of $38.89. The company has a fifty day moving average of $33.00 and a 200 day moving average of $31.82. The stock has a market cap of $658.00 million, a PE ratio of 12.31 and a beta of 0.66.
TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last issued its earnings results on Monday, July 21st. The bank reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.10. The company had revenue of $46.60 million for 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Friday, June 6th. TrustCo Bank Corp NY's payout ratio is 51.25%.
TrustCo Bank Corp NY Profile
(
Free Report)
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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