TrustCo Bank Corp. NY (NASDAQ:TRST) was up 1.2% during mid-day trading on Monday after an insider bought additional shares in the company. The company traded as high as $8.30 and last traded at $8.20, with a volume of 282,151 shares trading hands. The stock had previously closed at $8.30.

Specifically, Director William D. Powers sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $6.98, for a total value of $34,900.00. Following the sale, the director now directly owns 120,651 shares of the company’s stock, valued at approximately $842,143.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Brian C. Flynn bought 9,000 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was purchased at an average cost of $7.50 per share, for a total transaction of $67,500.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $75,000. The disclosure for this purchase can be found here. Company insiders own 5.51% of the company’s stock.

The stock has a market cap of $770.43 million, a P/E ratio of 18.30 and a beta of 1.00. The stock’s 50 day moving average price is $7.14 and its 200 day moving average price is $6.79.

TrustCo Bank Corp. NY (NASDAQ:TRST) last posted its quarterly earnings data on Friday, October 21st. The company reported $0.11 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. TrustCo Bank Corp. NY had a net margin of 23.35% and a return on equity of 9.87%. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Equities analysts predict that TrustCo Bank Corp. NY will post $0.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 2nd will be issued a $0.0656 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 3.26%. TrustCo Bank Corp. NY’s payout ratio is 59.09%.

A number of large investors have recently bought and sold shares of TRST. Genesee Valley Trust Co. boosted its stake in TrustCo Bank Corp. NY by 0.5% in the third quarter. Genesee Valley Trust Co. now owns 14,677 shares of the company’s stock worth $104,000 after buying an additional 71 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in TrustCo Bank Corp. NY by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 21,620 shares of the company’s stock worth $153,000 after buying an additional 210 shares during the last quarter. Wells Fargo & Company MN boosted its stake in TrustCo Bank Corp. NY by 1.1% in the third quarter. Wells Fargo & Company MN now owns 35,809 shares of the company’s stock worth $254,000 after buying an additional 376 shares during the last quarter. Arizona State Retirement System boosted its stake in TrustCo Bank Corp. NY by 1.6% in the second quarter. Arizona State Retirement System now owns 49,606 shares of the company’s stock worth $318,000 after buying an additional 800 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in TrustCo Bank Corp. NY by 3.3% in the third quarter. BlackRock Inc. now owns 32,490 shares of the company’s stock worth $231,000 after buying an additional 1,045 shares during the last quarter. Institutional investors and hedge funds own 56.36% of the company’s stock.

TrustCo Bank Corp. NY Company Profile

Trustco Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Company operates through the community banking segment. The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations.

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