TrustCo Bank Corp NY (NASDAQ:TRST) Director Lisa Lucarelli Purchases 200 Shares

TrustCo Bank Corp NY (NASDAQ:TRST) Director Lisa Lucarelli acquired 200 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were acquired at an average price of $52.29 per share, with a total value of $10,458.00. Following the completion of the transaction, the director directly owned 100 shares in the company, valued at approximately $5,229. This trade represents a -200.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

TrustCo Bank Corp NY Trading Up 1.3%

Shares of NASDAQ TRST opened at $53.19 on Tuesday. TrustCo Bank Corp NY has a one year low of $30.52 and a one year high of $53.65. The firm has a market capitalization of $929.76 million, a PE ratio of 15.60 and a beta of 0.62. The business has a 50-day moving average price of $47.97 and a two-hundred day moving average price of $45.02.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings data on Tuesday, April 21st. The bank reported $0.91 EPS for the quarter. TrustCo Bank Corp NY had a return on equity of 9.21% and a net margin of 22.42%.The firm had revenue of $49.55 million during the quarter.

TrustCo Bank Corp NY Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 5th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, June 5th. This represents a $1.52 dividend on an annualized basis and a yield of 2.9%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is presently 44.57%.

Institutional Investors Weigh In On TrustCo Bank Corp NY

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of TrustCo Bank Corp NY by 11.4% during the 4th quarter. GAMMA Investing LLC now owns 2,577 shares of the bank’s stock valued at $107,000 after buying an additional 264 shares during the last quarter. DUTCH ASSET Corp lifted its holdings in shares of TrustCo Bank Corp NY by 5.9% during the 1st quarter. DUTCH ASSET Corp now owns 5,500 shares of the bank’s stock valued at $241,000 after buying an additional 304 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of TrustCo Bank Corp NY by 0.6% during the 2nd quarter. Gabelli Funds LLC now owns 75,730 shares of the bank’s stock valued at $2,531,000 after buying an additional 425 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of TrustCo Bank Corp NY by 108.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 872 shares of the bank’s stock valued at $32,000 after buying an additional 453 shares during the last quarter. Finally, Retirement Planning Group LLC NY lifted its holdings in shares of TrustCo Bank Corp NY by 9.2% during the 1st quarter. Retirement Planning Group LLC NY now owns 5,501 shares of the bank’s stock valued at $243,000 after buying an additional 463 shares during the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Company Profile

TrustCo Bank Corp. NY (NASDAQ: TRST) is a bank holding company headquartered in Glens Falls, New York, that provides a full suite of community banking and financial services primarily across upstate New York and western Massachusetts. Through its wholly owned subsidiary, Trustco Bank, the company offers deposit products such as checking and savings accounts, as well as consumer, residential mortgage, and commercial lending solutions. Additional services include wealth management, trust administration, and insurance products tailored to the needs of individuals, businesses and nonprofit organizations.

Founded in 1902 as the Glens Falls Trust Company, TrustCo Bank has grown steadily through organic branch expansion and acquisitions of locally based banks.