Teacher Retirement System of Texas Has $673,000 Holdings in TrustCo Bank Corp NY (NASDAQ:TRST)

Teacher Retirement System of Texas decreased its stake in TrustCo Bank Corp NY (NASDAQ:TRST) by 11.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,197 shares of the bank’s stock after selling 2,578 shares during the period. Teacher Retirement System of Texas’ holdings in TrustCo Bank Corp NY were worth $673,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TRST. Versant Capital Management Inc raised its holdings in TrustCo Bank Corp NY by 263.7% during the 4th quarter. Versant Capital Management Inc now owns 942 shares of the bank’s stock worth $31,000 after buying an additional 683 shares during the period. Wilmington Savings Fund Society FSB bought a new position in TrustCo Bank Corp NY in the fourth quarter valued at approximately $29,000. Principal Financial Group Inc. increased its holdings in TrustCo Bank Corp NY by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 92,158 shares of the bank’s stock worth $3,070,000 after buying an additional 2,569 shares during the last quarter. R Squared Ltd acquired a new position in shares of TrustCo Bank Corp NY during the 4th quarter worth about $91,000. Finally, Y Intercept Hong Kong Ltd raised its stake in TrustCo Bank Corp NY by 33.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 11,063 shares of the bank’s stock valued at $366,000 after buying an additional 2,770 shares during the period. Institutional investors and hedge funds own 68.57% of the company’s stock.

TrustCo Bank Corp NY Price Performance

TRST stock opened at $30.50 on Monday. TrustCo Bank Corp NY has a one year low of $25.83 and a one year high of $38.89. The stock has a market cap of $580.11 million, a price-to-earnings ratio of 11.87 and a beta of 0.80. The company has a fifty day moving average price of $31.95 and a two-hundred day moving average price of $33.40.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its earnings results on Tuesday, January 21st. The bank reported $0.59 earnings per share (EPS) for the quarter. TrustCo Bank Corp NY had a net margin of 18.56% and a return on equity of 7.37%.

TrustCo Bank Corp NY Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Friday, March 7th. TrustCo Bank Corp NY’s dividend payout ratio is currently 56.03%.

TrustCo Bank Corp NY declared that its board has approved a share repurchase program on Tuesday, March 18th that allows the company to buyback 0 shares. This buyback authorization allows the bank to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

TrustCo Bank Corp NY 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.