Barclays PLC Grows Stake in TrustCo Bank Corp NY (NASDAQ:TRST)

Barclays PLC raised its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 134.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,729 shares of the bank’s stock after buying an additional 21,633 shares during the period. Barclays PLC’s holdings in TrustCo Bank Corp NY were worth $1,247,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in TrustCo Bank Corp NY by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 442,783 shares of the bank’s stock valued at $14,646,000 after acquiring an additional 6,249 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in TrustCo Bank Corp NY by 33.4% during the third quarter. Y Intercept Hong Kong Ltd now owns 11,063 shares of the bank’s stock worth $366,000 after buying an additional 2,770 shares in the last quarter. Jane Street Group LLC boosted its stake in TrustCo Bank Corp NY by 69.6% during the third quarter. Jane Street Group LLC now owns 33,830 shares of the bank’s stock worth $1,119,000 after buying an additional 13,878 shares during the last quarter. Systematic Financial Management LP grew its holdings in TrustCo Bank Corp NY by 17.0% in the 3rd quarter. Systematic Financial Management LP now owns 1,109,561 shares of the bank’s stock valued at $36,693,000 after buying an additional 161,001 shares in the last quarter. Finally, Verition Fund Management LLC increased its stake in shares of TrustCo Bank Corp NY by 35.2% in the 3rd quarter. Verition Fund Management LLC now owns 290,208 shares of the bank’s stock worth $9,597,000 after acquiring an additional 75,594 shares during the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Trading Up 1.3 %

TrustCo Bank Corp NY stock opened at $30.97 on Tuesday. The company has a 50-day moving average price of $35.24 and a 200 day moving average price of $33.60. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $38.89. The stock has a market cap of $588.74 million, a P/E ratio of 12.39 and a beta of 0.85.

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

TrustCo Bank Corp NY Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were paid a $0.36 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.44 annualized dividend and a yield of 4.65%. TrustCo Bank Corp NY’s dividend payout ratio is presently 57.60%.

About TrustCo Bank Corp NY

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.