TrustCo Bank Corp NY $TRST Holdings Reduced by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its position in TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 22.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,108 shares of the bank's stock after selling 21,104 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.39% of TrustCo Bank Corp NY worth $2,980,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TRST. Cubist Systematic Strategies LLC boosted its holdings in shares of TrustCo Bank Corp NY by 49.2% in the first quarter. Cubist Systematic Strategies LLC now owns 4,183 shares of the bank's stock valued at $128,000 after acquiring an additional 1,380 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of TrustCo Bank Corp NY by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,036 shares of the bank's stock valued at $336,000 after acquiring an additional 468 shares in the last quarter. Jane Street Group LLC bought a new position in shares of TrustCo Bank Corp NY in the first quarter valued at approximately $560,000. Intech Investment Management LLC boosted its holdings in shares of TrustCo Bank Corp NY by 374.2% in the first quarter. Intech Investment Management LLC now owns 52,640 shares of the bank's stock valued at $1,604,000 after acquiring an additional 41,540 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of TrustCo Bank Corp NY by 2,435.5% in the second quarter. EverSource Wealth Advisors LLC now owns 786 shares of the bank's stock valued at $26,000 after acquiring an additional 755 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors.

TrustCo Bank Corp NY Price Performance

TrustCo Bank Corp NY stock opened at $48.08 on Wednesday. The firm has a 50 day simple moving average of $44.80 and a 200-day simple moving average of $42.96. The stock has a market capitalization of $841.88 million, a PE ratio of 14.10 and a beta of 0.60. TrustCo Bank Corp NY has a 12-month low of $30.17 and a 12-month high of $48.71.

TrustCo Bank Corp NY Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 6th were issued a $0.38 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.52 annualized dividend and a dividend yield of 3.2%. TrustCo Bank Corp NY's dividend payout ratio (DPR) is 44.57%.

About TrustCo Bank Corp NY

TrustCo Bank Corp. NY NASDAQ: TRST is a bank holding company headquartered in Glens Falls, New York, that provides a full suite of community banking and financial services primarily across upstate New York and western Massachusetts. Through its wholly owned subsidiary, Trustco Bank, the company offers deposit products such as checking and savings accounts, as well as consumer, residential mortgage, and commercial lending solutions. Additional services include wealth management, trust administration, and insurance products tailored to the needs of individuals, businesses and nonprofit organizations.

Founded in 1902 as the Glens Falls Trust Company, TrustCo Bank has grown steadily through organic branch expansion and acquisitions of locally based banks.

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