Louisiana State Employees Retirement System Has $304,000 Stake in TrustCo Bank Corp NY (NASDAQ:TRST)

Louisiana State Employees Retirement System trimmed its stake in TrustCo Bank Corp NY (NASDAQ:TRST) by 4.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,200 shares of the bank’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in TrustCo Bank Corp NY were worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in TrustCo Bank Corp NY by 55.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock worth $38,000 after purchasing an additional 410 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in TrustCo Bank Corp NY by 26.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,794 shares of the bank’s stock worth $51,000 after purchasing an additional 378 shares during the last quarter. Meeder Asset Management Inc. grew its position in TrustCo Bank Corp NY by 577.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,942 shares of the bank’s stock worth $85,000 after purchasing an additional 2,508 shares during the last quarter. CWM LLC grew its position in TrustCo Bank Corp NY by 547.5% in the 2nd quarter. CWM LLC now owns 4,565 shares of the bank’s stock worth $131,000 after purchasing an additional 3,860 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in TrustCo Bank Corp NY in the 2nd quarter worth $219,000. 68.57% of the stock is currently owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Stock Performance

Shares of TrustCo Bank Corp NY stock opened at $37.55 on Thursday. The firm’s 50-day simple moving average is $33.19 and its 200-day simple moving average is $30.97. TrustCo Bank Corp NY has a twelve month low of $25.83 and a twelve month high of $37.84. The firm has a market cap of $713.83 million, a P/E ratio of 14.78 and a beta of 0.81.

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

TrustCo Bank Corp NY Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a yield of 3.83%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is presently 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.