Two Sigma Advisers LP Has $1.16 Million Stock Holdings in TrustCo Bank Corp NY (NASDAQ:TRST)

Two Sigma Advisers LP cut its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 18.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,906 shares of the bank's stock after selling 8,100 shares during the period. Two Sigma Advisers LP owned about 0.18% of TrustCo Bank Corp NY worth $1,163,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in TRST. Wilmington Savings Fund Society FSB bought a new stake in shares of TrustCo Bank Corp NY in the 4th quarter worth approximately $29,000. Empowered Funds LLC raised its holdings in shares of TrustCo Bank Corp NY by 5.1% in the 4th quarter. Empowered Funds LLC now owns 75,233 shares of the bank's stock worth $2,506,000 after purchasing an additional 3,617 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in TrustCo Bank Corp NY by 9.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 74,892 shares of the bank's stock worth $2,495,000 after purchasing an additional 6,504 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of TrustCo Bank Corp NY by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 92,158 shares of the bank's stock worth $3,070,000 after purchasing an additional 2,569 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of TrustCo Bank Corp NY during the 4th quarter valued at $746,000. 68.57% of the stock is owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Stock Down 1.2%

TRST stock traded down $0.36 during trading hours on Monday, hitting $30.68. The company's stock had a trading volume of 86,645 shares, compared to its average volume of 87,230. The stock has a 50 day moving average price of $30.30 and a two-hundred day moving average price of $32.31. TrustCo Bank Corp NY has a 12 month low of $26.14 and a 12 month high of $38.89. The company has a market capitalization of $583.53 million, a PE ratio of 11.94 and a beta of 0.64.

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.10. TrustCo Bank Corp NY had a return on equity of 7.37% and a net margin of 18.56%. The business had revenue of $45.35 million during the quarter, compared to analyst estimates of $44.99 million.

TrustCo Bank Corp NY Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Friday, June 6th. TrustCo Bank Corp NY's dividend payout ratio (DPR) is 53.73%.

TrustCo Bank Corp NY announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 18th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the bank to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

TrustCo Bank Corp NY 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.