Teacher Retirement System of Texas Sells 2,685 Shares of TrustCo Bank Corp NY (NASDAQ:TRST)

Teacher Retirement System of Texas reduced its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 11.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,390 shares of the bank’s stock after selling 2,685 shares during the period. Teacher Retirement System of Texas’ holdings in TrustCo Bank Corp NY were worth $633,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new stake in shares of TrustCo Bank Corp NY in the 4th quarter worth $28,000. Nisa Investment Advisors LLC grew its holdings in TrustCo Bank Corp NY by 39,333.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,915 shares of the bank’s stock worth $184,000 after acquiring an additional 5,900 shares in the last quarter. Maryland State Retirement & Pension System purchased a new position in TrustCo Bank Corp NY during the 4th quarter valued at about $218,000. New York State Common Retirement Fund raised its holdings in shares of TrustCo Bank Corp NY by 14.3% in the 4th quarter. New York State Common Retirement Fund now owns 7,295 shares of the bank’s stock valued at $227,000 after purchasing an additional 910 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of TrustCo Bank Corp NY in the 4th quarter valued at about $295,000. 68.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.

TrustCo Bank Corp NY Stock Up 0.5 %

NASDAQ:TRST opened at $28.16 on Friday. The stock has a market capitalization of $535.60 million, a price-to-earnings ratio of 10.09 and a beta of 0.84. TrustCo Bank Corp NY has a 52 week low of $23.78 and a 52 week high of $32.10. The firm has a 50 day moving average of $27.54 and a 200 day moving average of $28.30.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings data on Monday, April 22nd. The bank reported $0.64 EPS for the quarter, beating the consensus estimate of $0.60 by $0.04. TrustCo Bank Corp NY had a net margin of 21.17% and a return on equity of 8.35%. The firm had revenue of $41.42 million during the quarter, compared to analyst estimates of $43.16 million. As a group, analysts expect that TrustCo Bank Corp NY will post 2.38 EPS for the current year.

TrustCo Bank Corp NY Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Friday, June 7th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is currently 51.61%.

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.