Wells Fargo & Company MN Buys 40,410 Shares of TrustCo Bank Corp NY (TRST)

Wells Fargo & Company MN grew its stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 195,866 shares of the bank’s stock after purchasing an additional 40,410 shares during the quarter. Wells Fargo & Company MN owned approximately 0.20% of TrustCo Bank Corp NY worth $1,802,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TRST. Nationwide Fund Advisors grew its holdings in shares of TrustCo Bank Corp NY by 52.5% during the third quarter. Nationwide Fund Advisors now owns 214,163 shares of the bank’s stock valued at $1,906,000 after purchasing an additional 73,766 shares during the last quarter. SG Americas Securities LLC bought a new position in TrustCo Bank Corp NY in the 3rd quarter worth approximately $140,000. JPMorgan Chase & Co. grew its holdings in TrustCo Bank Corp NY by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 930,437 shares of the bank’s stock worth $8,468,000 after buying an additional 247,130 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in TrustCo Bank Corp NY by 6.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 425,365 shares of the bank’s stock worth $3,786,000 after buying an additional 23,973 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in TrustCo Bank Corp NY by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,481,084 shares of the bank’s stock worth $48,782,000 after buying an additional 43,525 shares in the last quarter. 61.82% of the stock is owned by institutional investors.

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In other TrustCo Bank Corp NY news, Director Gennaro Dennis A. De acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was acquired at an average cost of $8.80 per share, with a total value of $35,200.00. Following the acquisition, the director now directly owns 102,280 shares of the company’s stock, valued at approximately $900,064. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.

A number of equities analysts recently issued reports on TRST shares. Sandler O’Neill set a $10.00 price objective on TrustCo Bank Corp NY and gave the stock a “hold” rating in a report on Wednesday, January 3rd. BidaskClub raised TrustCo Bank Corp NY from a “hold” rating to a “buy” rating in a report on Tuesday, March 20th.

Shares of TRST stock opened at $8.65 on Tuesday. TrustCo Bank Corp NY has a 12-month low of $7.25 and a 12-month high of $9.70. The company has a market capitalization of $833.47, a P/E ratio of 17.30 and a beta of 1.03.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.13 earnings per share (EPS) for the quarter. TrustCo Bank Corp NY had a return on equity of 10.73% and a net margin of 23.03%. The business had revenue of $43.54 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 2nd were issued a $0.0656 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Thursday, March 1st.

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TrustCo Bank Corp NY Profile

TrustCo Bank Corp NY operates as the holding company for Trustco Bank that provides personal and business banking services to individuals, partnerships, and corporations. The company is primarily involved in accepting deposits, and making 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.

Institutional Ownership by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)

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