TrustCo Bank Corp. NY (TRST) Director Buys $67,500.00 in Stock
TrustCo Bank Corp. NY (NASDAQ:TRST) Director Brian C. Flynn purchased 9,000 shares of TrustCo Bank Corp. NY stock in a transaction that occurred on Thursday, November 10th. The shares were bought at an average price of $7.50 per share, with a total value of $67,500.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $75,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
TrustCo Bank Corp. NY (NASDAQ:TRST) opened at 8.05 on Thursday. The company’s 50-day moving average price is $7.17 and its 200 day moving average price is $6.79. TrustCo Bank Corp. NY has a 12 month low of $5.17 and a 12 month high of $8.35. The stock has a market capitalization of $770.43 billion, a PE ratio of 18.72 and a beta of 1.00.
TrustCo Bank Corp. NY (NASDAQ:TRST) last released its earnings results on Friday, October 21st. The company reported $0.11 earnings per share for the quarter, meeting 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 period in the previous year, the firm earned $0.11 earnings per share. On average, analysts forecast that TrustCo Bank Corp. NY will post $0.44 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 2nd will be paid a $0.0656 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.26 annualized dividend and a dividend yield of 3.26%. TrustCo Bank Corp. NY’s payout ratio is 59.09%.
Institutional investors have recently made changes to their positions in the stock. Credit Suisse AG increased its position in TrustCo Bank Corp. NY by 8.4% in the third quarter. Credit Suisse AG now owns 233,081 shares of the company’s stock worth $1,653,000 after buying an additional 18,145 shares during the last quarter. Highbridge Capital Management LLC bought a new position in TrustCo Bank Corp. NY during the third quarter valued at approximately $167,000. The Manufacturers Life Insurance Company bought a new position in TrustCo Bank Corp. NY during the third quarter valued at approximately $443,000. Two Sigma Securities LLC bought a new position in TrustCo Bank Corp. NY during the third quarter valued at approximately $100,000. Finally, Morgan Stanley increased its position in TrustCo Bank Corp. NY by 14.1% in the third quarter. Morgan Stanley now owns 318,855 shares of the company’s stock valued at $2,262,000 after buying an additional 39,466 shares in the last quarter. Hedge funds and other institutional investors 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.
Receive News & Stock Ratings for TrustCo Bank Corp. NY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrustCo Bank Corp. NY and related stocks with our FREE daily email newsletter.