TrustCo Bank Corp NY (NASDAQ:TRST) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 0.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,262,825 shares of the bank’s stock after selling 886 shares during the period. Vanguard Group Inc. owned about 6.64% of TrustCo Bank Corp NY worth $34,462,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TRST. Bank of New York Mellon Corp raised its position in shares of TrustCo Bank Corp NY by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 238,590 shares of the bank’s stock worth $7,619,000 after acquiring an additional 1,909 shares during the period. American Century Companies Inc. raised its position in shares of TrustCo Bank Corp NY by 31.5% in the first quarter. American Century Companies Inc. now owns 79,437 shares of the bank’s stock worth $2,536,000 after acquiring an additional 19,006 shares during the period. Citigroup Inc. raised its position in shares of TrustCo Bank Corp NY by 10.1% in the first quarter. Citigroup Inc. now owns 17,218 shares of the bank’s stock worth $550,000 after acquiring an additional 1,582 shares during the period. PNC Financial Services Group Inc. raised its position in shares of TrustCo Bank Corp NY by 12.1% in the first quarter. PNC Financial Services Group Inc. now owns 8,279 shares of the bank’s stock worth $265,000 after acquiring an additional 892 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of TrustCo Bank Corp NY in the first quarter worth about $1,102,000. Institutional investors and hedge funds own 68.57% of the company’s stock.

Insider Transactions at TrustCo Bank Corp NY

In other TrustCo Bank Corp NY news, COO Kevin M. Curley acquired 916 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average price of $27.30 per share, with a total value of $25,006.80. Following the purchase, the chief operating officer now owns 34,766 shares in the company, valued at $949,111.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other TrustCo Bank Corp NY news, EVP Eric W. Schreck acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average price of $28.44 per share, with a total value of $28,440.00. Following the purchase, the executive vice president now owns 41,407 shares in the company, valued at $1,177,615.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kevin M. Curley acquired 916 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost of $27.30 per share, with a total value of $25,006.80. Following the purchase, the chief operating officer now owns 34,766 shares in the company, valued at approximately $949,111.80. The disclosure for this purchase can be found here. Insiders purchased 2,879 shares of company stock valued at $80,023 over the last 90 days. Corporate insiders own 3.26% of the company’s stock.

TrustCo Bank Corp NY Stock Down 4.8 %

TRST stock opened at $26.12 on Thursday. The stock has a market capitalization of $496.80 million, a P/E ratio of 8.48 and a beta of 0.84. The firm has a 50-day simple moving average of $27.51 and a 200-day simple moving average of $28.07. TrustCo Bank Corp NY has a 52 week low of $23.78 and a 52 week high of $32.10.

TrustCo Bank Corp NY (NASDAQ:TRST) last released its earnings results on Tuesday, January 23rd. The bank reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.14). The company had revenue of $63.11 million for the quarter, compared to analysts’ expectations of $44.90 million. TrustCo Bank Corp NY had a return on equity of 9.36% and a net margin of 23.98%. During the same period in the prior year, the firm earned $1.10 EPS. On average, analysts expect that TrustCo Bank Corp NY will post 2.54 earnings per share for the current year.

TrustCo Bank Corp NY Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.51%. TrustCo Bank Corp NY’s dividend payout ratio is currently 46.75%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd.

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.