8,207 Shares in TrustCo Bank Corp NY (NASDAQ:TRST) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in TrustCo Bank Corp NY (NASDAQ:TRST) in the third quarter, Holdings Channel reports. The institutional investor purchased 8,207 shares of the bank’s stock, valued at approximately $271,000.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of TrustCo Bank Corp NY by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,325,803 shares of the bank’s stock worth $37,335,000 after purchasing an additional 14,183 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of TrustCo Bank Corp NY by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,202,262 shares of the bank’s stock valued at $34,588,000 after buying an additional 11,096 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of TrustCo Bank Corp NY by 0.7% during the 2nd quarter. Systematic Financial Management LP now owns 948,560 shares of the bank’s stock valued at $27,290,000 after acquiring an additional 6,839 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of TrustCo Bank Corp NY by 17.8% during the 2nd quarter. American Century Companies Inc. now owns 331,049 shares of the bank’s stock worth $9,524,000 after acquiring an additional 50,106 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of TrustCo Bank Corp NY by 31.7% in the 2nd quarter. AQR Capital Management LLC now owns 304,658 shares of the bank’s stock worth $8,765,000 after acquiring an additional 73,250 shares during the last quarter. Institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Stock Down 0.9 %

Shares of NASDAQ TRST opened at $37.24 on Monday. TrustCo Bank Corp NY has a 12 month low of $25.83 and a 12 month high of $38.89. The company has a market cap of $707.93 million, a price-to-earnings ratio of 14.90 and a beta of 0.81. The business has a fifty day simple moving average of $34.36 and a 200-day simple moving average of $32.11.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.68 EPS for the quarter. The company had revenue of $66.00 million during the quarter. TrustCo Bank Corp NY had a net margin of 18.24% and a return on equity of 7.24%. During the same period in the prior year, the company posted $0.77 earnings per share.

TrustCo Bank Corp NY Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Friday, December 6th. TrustCo Bank Corp NY’s dividend payout ratio is 57.60%.

TrustCo Bank Corp NY Company Profile

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals and businesses. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities.