AQR Capital Management LLC boosted its stake in TrustCo Bank Corp NY (NASDAQ:TRST) by 106.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 369,398 shares of the bank’s stock after buying an additional 190,680 shares during the period. AQR Capital Management LLC owned 0.38% of TrustCo Bank Corp NY worth $2,900,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TRST. State Street Corp raised its stake in shares of TrustCo Bank Corp NY by 0.8% in the first quarter. State Street Corp now owns 2,219,969 shares of the bank’s stock valued at $17,430,000 after buying an additional 17,328 shares during the period. Bank of America Corp DE raised its stake in shares of TrustCo Bank Corp NY by 55.0% in the first quarter. Bank of America Corp DE now owns 201,878 shares of the bank’s stock valued at $1,584,000 after buying an additional 71,630 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of TrustCo Bank Corp NY by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 397,642 shares of the bank’s stock valued at $3,122,000 after buying an additional 22,170 shares during the period. Brown Advisory Securities LLC raised its stake in shares of TrustCo Bank Corp NY by 8.4% in the first quarter. Brown Advisory Securities LLC now owns 13,135 shares of the bank’s stock valued at $103,000 after buying an additional 1,015 shares during the period. Finally, BlackRock Inc. raised its stake in shares of TrustCo Bank Corp NY by 42,492.2% in the first quarter. BlackRock Inc. now owns 11,674,526 shares of the bank’s stock valued at $91,644,000 after buying an additional 11,647,116 shares during the period. 57.17% of the stock is owned by institutional investors.

TrustCo Bank Corp NY (NASDAQ TRST) traded up 0.65% on Friday, reaching $7.80. The company’s stock had a trading volume of 1,764,829 shares. The stock has a market cap of $749.59 million, a P/E ratio of 16.70 and a beta of 1.17. The stock has a 50-day moving average of $7.89 and a 200-day moving average of $7.91. TrustCo Bank Corp NY has a one year low of $6.60 and a one year high of $9.00.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. TrustCo Bank Corp NY had a return on equity of 10.24% and a net margin of 24.58%. The firm had revenue of $43.05 million for the quarter. During the same period last year, the business earned $0.11 EPS. On average, analysts predict that TrustCo Bank Corp NY will post $0.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be paid a $0.0656 dividend. This represents a $0.26 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Wednesday, August 30th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is currently 56.52%.

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Separately, BidaskClub lowered TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th.

In related news, Director William D. Powers sold 20,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $8.00, for a total transaction of $160,000.00. Following the completion of the sale, the director now owns 90,651 shares in the company, valued at $725,208. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

About TrustCo Bank Corp NY

TrustCo Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. It operates through community banking segment. The Bank’s business consists of accepting deposits and making loans and investments.

Institutional Ownership by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)

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