TrustCo Bank Corp NY (TRST) Hits New 1-Year Low at $7.15

TrustCo Bank Corp NY (NASDAQ:TRST) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $7.15 and last traded at $7.24, with a volume of 12125 shares traded. The stock had previously closed at $7.37.

Several research analysts have commented on TRST shares. BidaskClub downgraded TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a report on Friday, September 21st. ValuEngine downgraded TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th.

The firm has a market capitalization of $708.51 million, a P/E ratio of 12.22 and a beta of 0.99.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its earnings results on Monday, October 22nd. The bank reported $0.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The firm had revenue of $44.98 million for the quarter. TrustCo Bank Corp NY had a return on equity of 12.39% and a net margin of 27.07%.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be issued a dividend of $0.0681 per share. This represents a $0.27 annualized dividend and a yield of 3.77%. The ex-dividend date is Thursday, December 6th.

In related news, Director Gennaro Dennis A. De bought 5,000 shares of the business’s stock in a transaction on Monday, November 5th. The shares were purchased at an average cost of $7.63 per share, with a total value of $38,150.00. Following the acquisition, the director now owns 104,568 shares of the company’s stock, valued at $797,853.84. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders have acquired a total of 11,323 shares of company stock worth $86,899 over the last ninety days. Company insiders own 3.80% of the company’s stock.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of TrustCo Bank Corp NY by 3.7% in the 3rd quarter. BlackRock Inc. now owns 13,819,571 shares of the bank’s stock valued at $117,465,000 after purchasing an additional 498,152 shares during the period. Vanguard Group Inc. lifted its stake in shares of TrustCo Bank Corp NY by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,104,053 shares of the bank’s stock valued at $51,884,000 after purchasing an additional 88,939 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of TrustCo Bank Corp NY by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,784,768 shares of the bank’s stock valued at $49,170,000 after purchasing an additional 111,664 shares during the period. Royce & Associates LP lifted its stake in shares of TrustCo Bank Corp NY by 5.6% in the 3rd quarter. Royce & Associates LP now owns 2,917,354 shares of the bank’s stock valued at $24,798,000 after purchasing an additional 155,485 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of TrustCo Bank Corp NY by 10.1% in the 3rd quarter. Renaissance Technologies LLC now owns 1,593,056 shares of the bank’s stock valued at $13,541,000 after purchasing an additional 145,756 shares during the period. 61.70% of the stock is currently owned by institutional investors.

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TrustCo Bank Corp NY Company Profile (NASDAQ:TRST)

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.

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