TrustCo Bank Corp NY (NASDAQ:TRST) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,227,838 shares of the bank's stock after selling 92,320 shares during the quarter. Vanguard Group Inc. owned approximately 6.46% of TrustCo Bank Corp NY worth $40,899,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in TRST. JPMorgan Chase & Co. boosted its holdings in TrustCo Bank Corp NY by 74.2% in the third quarter. JPMorgan Chase & Co. now owns 63,128 shares of the bank's stock valued at $2,088,000 after purchasing an additional 26,881 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of TrustCo Bank Corp NY by 29.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 23,305 shares of the bank's stock valued at $771,000 after buying an additional 5,248 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of TrustCo Bank Corp NY by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 92,158 shares of the bank's stock valued at $3,070,000 after buying an additional 2,569 shares during the last quarter. Barclays PLC grew its position in shares of TrustCo Bank Corp NY by 134.4% in the 3rd quarter. Barclays PLC now owns 37,729 shares of the bank's stock valued at $1,247,000 after buying an additional 21,633 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in TrustCo Bank Corp NY during the 4th quarter worth $746,000. Hedge funds and other institutional investors own 68.57% of the company's stock.

TrustCo Bank Corp NY Stock Performance

NASDAQ TRST traded up $0.08 during trading hours on Thursday, hitting $28.53. The company had a trading volume of 14,852 shares, compared to its average volume of 91,310. The business has a 50 day moving average of $30.88 and a 200-day moving average of $32.93. TrustCo Bank Corp NY has a 1-year low of $25.85 and a 1-year high of $38.89. The company has a market cap of $542.64 million, a PE ratio of 11.10 and a beta of 0.71.

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $0.59 earnings per share (EPS) for the quarter. TrustCo Bank Corp NY had a return on equity of 7.37% and a net margin of 18.56%.

TrustCo Bank Corp NY declared that its board has approved a share repurchase plan on Tuesday, March 18th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

TrustCo Bank Corp NY Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were given a $0.36 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.44 annualized dividend and a yield of 5.05%. TrustCo Bank Corp NY's dividend payout ratio (DPR) is 56.03%.

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.