TrustCo Bank Corp NY (NASDAQ:TRST) Stock Holdings Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 69.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,499 shares of the bank's stock after buying an additional 16,194 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of TrustCo Bank Corp NY worth $1,316,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TRST. Dimensional Fund Advisors LP boosted its holdings in shares of TrustCo Bank Corp NY by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,231,523 shares of the bank's stock valued at $41,022,000 after buying an additional 15,482 shares in the last quarter. Systematic Financial Management LP increased its holdings in shares of TrustCo Bank Corp NY by 4.3% in the 4th quarter. Systematic Financial Management LP now owns 1,156,983 shares of the bank's stock valued at $38,539,000 after purchasing an additional 47,422 shares in the last quarter. Franklin Resources Inc. grew its stake in TrustCo Bank Corp NY by 1.7% in the 4th quarter. Franklin Resources Inc. now owns 450,602 shares of the bank's stock valued at $15,010,000 after acquiring an additional 7,712 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of TrustCo Bank Corp NY by 9.5% during the fourth quarter. American Century Companies Inc. now owns 407,703 shares of the bank's stock valued at $13,581,000 after acquiring an additional 35,343 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of TrustCo Bank Corp NY by 277.3% in the fourth quarter. Invesco Ltd. now owns 248,507 shares of the bank's stock valued at $8,278,000 after purchasing an additional 182,634 shares during the period. 68.57% of the stock is owned by hedge funds and other institutional investors.

TrustCo Bank Corp NY Stock Up 0.1%

Shares of NASDAQ TRST traded up $0.03 during trading on Thursday, hitting $32.06. 161,166 shares of the company traded hands, compared to its average volume of 88,336. The company has a 50-day moving average price of $30.51 and a 200-day moving average price of $32.08. The firm has a market capitalization of $609.78 million, a P/E ratio of 12.47 and a beta of 0.64. TrustCo Bank Corp NY has a 1 year low of $26.30 and a 1 year high of $38.89.

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

TrustCo Bank Corp NY announced that its Board of Directors has authorized a stock buyback plan on Tuesday, March 18th that permits the company to repurchase 0 shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

TrustCo Bank Corp NY Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be paid a $0.36 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.49%. TrustCo Bank Corp NY's dividend payout ratio (DPR) is presently 53.73%.

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.