TrustCo Bank Corp. NY (TRST) Stake Held by Nationwide Fund Advisors
Nationwide Fund Advisors maintained its position in TrustCo Bank Corp. NY (NASDAQ:TRST) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 210,003 shares of the company’s stock at the end of the third quarter. Nationwide Fund Advisors owned approximately 0.22% of TrustCo Bank Corp. NY worth $1,489,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Genesee Valley Trust Co. raised its position 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 in the last quarter. Mason Street Advisors LLC acquired a new position in TrustCo Bank Corp. NY during the second quarter worth approximately $120,000. BNP Paribas Arbitrage SA raised its position in TrustCo Bank Corp. NY by 112.2% in the second quarter. BNP Paribas Arbitrage SA now owns 29,656 shares of the company’s stock worth $190,000 after buying an additional 15,681 shares in the last quarter. Profund Advisors LLC raised its position in TrustCo Bank Corp. NY by 4.8% in the second quarter. Profund Advisors LLC now owns 31,196 shares of the company’s stock worth $200,000 after buying an additional 1,416 shares in the last quarter. Finally, BlackRock Inc. raised its position in TrustCo Bank Corp. NY by 351.3% in the second quarter. BlackRock Inc. now owns 31,445 shares of the company’s stock worth $201,000 after buying an additional 24,477 shares in the last quarter. 56.70% of the stock is currently owned by institutional investors and hedge funds.
TrustCo Bank Corp. NY (NASDAQ:TRST) traded up 0.60% during trading on Monday, reaching $8.40. 236,620 shares of the company were exchanged. The stock has a market capitalization of $803.92 million, a price-to-earnings ratio of 19.09 and a beta of 1.00. The firm’s 50 day moving average price is $7.41 and its 200-day moving average price is $6.90. TrustCo Bank Corp. NY has a one year low of $5.17 and a one year high of $8.45.
TrustCo Bank Corp. NY (NASDAQ:TRST) last posted its quarterly earnings data on Friday, October 21st. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 prior year, the business posted $0.11 EPS. On average, equities research analysts predict that TrustCo Bank Corp. NY will post $0.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 2nd will be issued a dividend of $0.0656 per share. This represents a $0.26 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Wednesday, November 30th. TrustCo Bank Corp. NY’s dividend payout ratio is 59.09%.
In other TrustCo Bank Corp. NY news, Director William D. Powers sold 5,000 shares of TrustCo Bank Corp. NY stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $6.98, for a total transaction of $34,900.00. Following the transaction, the director now directly owns 120,651 shares of the company’s stock, valued at approximately $842,143.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian C. Flynn acquired 9,000 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were 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 directly owns 10,000 shares in the company, valued at $75,000. The disclosure for this purchase can be found here. Company insiders own 5.51% 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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