Context BH Capital Management LP raised its holdings in TrustCo Bank Corp NY (NASDAQ:TRST) by 20.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 209,782 shares of the bank’s stock after acquiring an additional 34,921 shares during the quarter. Context BH Capital Management LP owned 0.22% of TrustCo Bank Corp NY worth $1,626,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in TRST. Teachers Advisors LLC lifted its holdings in TrustCo Bank Corp NY by 44.9% in the fourth quarter. Teachers Advisors LLC now owns 252,887 shares of the bank’s stock valued at $2,213,000 after acquiring an additional 78,417 shares during the period. Louisiana State Employees Retirement System lifted its holdings in TrustCo Bank Corp NY by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 39,000 shares of the bank’s stock valued at $306,000 after acquiring an additional 500 shares during the period. Nisa Investment Advisors LLC lifted its holdings in TrustCo Bank Corp NY by 7.4% in the first quarter. Nisa Investment Advisors LLC now owns 24,550 shares of the bank’s stock valued at $193,000 after acquiring an additional 1,700 shares during the period. Wells Fargo & Company MN lifted its holdings in TrustCo Bank Corp NY by 10.6% in the first quarter. Wells Fargo & Company MN now owns 113,841 shares of the bank’s stock valued at $893,000 after acquiring an additional 10,873 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in TrustCo Bank Corp NY by 8.6% in the first quarter. Great West Life Assurance Co. Can now owns 142,036 shares of the bank’s stock valued at $1,115,000 after acquiring an additional 11,300 shares during the period. 57.78% of the stock is owned by institutional investors.
In other news, Director William D. Powers sold 20,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $8.00, for a total value of $160,000.00. Following the completion of the transaction, the director now owns 90,651 shares of the company’s stock, valued at $725,208. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.
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TrustCo Bank Corp NY (TRST) traded up 0.307% on Tuesday, hitting $8.175. The stock had a trading volume of 40,341 shares. The company has a market cap of $785.63 million, a PE ratio of 17.505 and a beta of 1.18. TrustCo Bank Corp NY has a one year low of $6.60 and a one year high of $9.00. The stock has a 50-day moving average of $7.90 and a 200-day moving average of $7.83.
TrustCo Bank Corp NY (NASDAQ:TRST) last released its quarterly earnings results on Friday, July 21st. The bank reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. TrustCo Bank Corp NY had a return on equity of 10.24% and a net margin of 24.58%. The company had revenue of $43.05 million during the quarter. During the same period in the previous year, the company posted $0.11 EPS. Equities analysts expect that TrustCo Bank Corp NY will post $0.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be paid a $0.0656 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.26 annualized dividend and a dividend yield of 3.22%. TrustCo Bank Corp NY’s payout ratio is 56.52%.
Separately, BidaskClub raised TrustCo Bank Corp NY from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th.
TrustCo Bank Corp NY Company Profile
TrustCo Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. It operates through community banking segment. The Bank’s business consists of accepting deposits and making loans and investments.
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