TrustCo Bank Corp NY (NASDAQ:TRST) Stock Holdings Raised by Systematic Financial Management LP

Systematic Financial Management LP increased its position in shares of TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,156,983 shares of the bank's stock after purchasing an additional 47,422 shares during the period. TrustCo Bank Corp NY accounts for about 1.0% of Systematic Financial Management LP's holdings, making the stock its 26th biggest holding. Systematic Financial Management LP owned approximately 6.09% of TrustCo Bank Corp NY worth $38,539,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TRST. Wilmington Savings Fund Society FSB acquired a new stake in shares of TrustCo Bank Corp NY during the 4th quarter worth about $29,000. R Squared Ltd acquired a new position in shares of TrustCo Bank Corp NY in the fourth quarter valued at approximately $91,000. Cubist Systematic Strategies LLC acquired a new stake in shares of TrustCo Bank Corp NY in the 4th quarter worth $93,000. KLP Kapitalforvaltning AS acquired a new position in TrustCo Bank Corp NY during the 4th quarter worth approximately $120,000. Finally, Graney & King LLC acquired a new position in TrustCo Bank Corp NY during the fourth quarter worth $142,000. Hedge funds and other institutional investors own 68.57% of the company's stock.

TrustCo Bank Corp NY Stock Performance

NASDAQ TRST traded up $0.11 during trading hours on Thursday, reaching $31.18. The company's stock had a trading volume of 42,429 shares, compared to its average volume of 86,331. TrustCo Bank Corp NY has a fifty-two week low of $26.14 and a fifty-two week high of $38.89. The stock has a market cap of $593.01 million, a PE ratio of 12.12 and a beta of 0.64. The company's 50-day moving average is $30.25 and its two-hundred day moving average is $32.59.

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

TrustCo Bank Corp NY Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.62%. TrustCo Bank Corp NY's dividend payout ratio (DPR) is presently 53.73%.

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

About TrustCo Bank Corp NY

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.