TrustCo Bank Corp NY (NASDAQ:TRST – Get Rating) CFO Michael M. Ozimek bought 1,000 shares of TrustCo Bank Corp NY stock in a transaction that occurred on Thursday, March 9th. The shares were acquired at an average price of $35.02 per share, with a total value of $35,020.00. Following the completion of the acquisition, the chief financial officer now directly owns 12,177 shares of the company’s stock, valued at approximately $426,438.54. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
TrustCo Bank Corp NY Stock Performance
TrustCo Bank Corp NY stock opened at $32.59 on Tuesday. The firm has a market cap of $619.86 million, a PE ratio of 8.29 and a beta of 0.92. The firm’s 50 day moving average price is $36.74 and its two-hundred day moving average price is $36.01. TrustCo Bank Corp NY has a twelve month low of $29.50 and a twelve month high of $39.36.
TrustCo Bank Corp NY (NASDAQ:TRST – Get Rating) last released its quarterly earnings data on Tuesday, January 24th. The bank reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.11. The firm had revenue of $56.86 million for the quarter, compared to analyst estimates of $52.32 million. TrustCo Bank Corp NY had a net margin of 36.55% and a return on equity of 12.66%. Equities analysts anticipate that TrustCo Bank Corp NY will post 3.87 EPS for the current fiscal year.
TrustCo Bank Corp NY Announces Dividend
Wall Street Analyst Weigh In
TRST has been the subject of a number of research reports. Piper Sandler cut shares of TrustCo Bank Corp NY from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $39.00 to $36.00 in a report on Wednesday, January 25th. StockNews.com cut TrustCo Bank Corp NY from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Dorsey Wright & Associates bought a new stake in TrustCo Bank Corp NY in the fourth quarter worth approximately $27,000. Geneos Wealth Management Inc. bought a new stake in TrustCo Bank Corp NY in the first quarter worth approximately $30,000. Lazard Asset Management LLC bought a new stake in TrustCo Bank Corp NY in the first quarter worth approximately $34,000. Captrust Financial Advisors grew its position in TrustCo Bank Corp NY by 104.4% in the first quarter. Captrust Financial Advisors now owns 1,114 shares of the bank’s stock worth $36,000 after acquiring an additional 569 shares in the last quarter. Finally, Gladius Capital Management LP bought a new stake in TrustCo Bank Corp NY in the second quarter worth approximately $54,000. Institutional investors and hedge funds own 65.30% of the company’s stock.
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, partnerships, and corporations. It 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.
- Get a free copy of the StockNews.com research report on TrustCo Bank Corp NY (TRST)
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