957 Shares in TrustCo Bank Corp NY (NASDAQ:TRST) Bought by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in shares of TrustCo Bank Corp NY (NASDAQ:TRST) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 957 shares of the bank’s stock, valued at approximately $28,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in TrustCo Bank Corp NY by 10.7% during the 3rd quarter. American Century Companies Inc. now owns 202,684 shares of the bank’s stock worth $5,531,000 after purchasing an additional 19,523 shares during the period. AQR Capital Management LLC boosted its position in TrustCo Bank Corp NY by 19.5% in the 3rd quarter. AQR Capital Management LLC now owns 192,719 shares of the bank’s stock valued at $5,259,000 after buying an additional 31,483 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in TrustCo Bank Corp NY by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,524 shares of the bank’s stock valued at $4,190,000 after buying an additional 7,143 shares during the last quarter. Brandywine Global Investment Management LLC boosted its position in TrustCo Bank Corp NY by 33.4% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 131,019 shares of the bank’s stock valued at $3,576,000 after buying an additional 32,817 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of TrustCo Bank Corp NY by 3.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 114,424 shares of the bank’s stock worth $3,553,000 after purchasing an additional 3,675 shares during the last quarter. 68.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TrustCo Bank Corp NY

In other TrustCo Bank Corp NY news, COO Kevin M. Curley bought 916 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were purchased at an average price of $27.30 per share, with a total value of $25,006.80. Following the completion of the acquisition, the chief operating officer now directly owns 34,766 shares of the company’s stock, valued at approximately $949,111.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

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

TrustCo Bank Corp NY Stock Performance

Shares of TRST stock opened at $28.23 on Tuesday. TrustCo Bank Corp NY has a one year low of $23.78 and a one year high of $32.10. The company’s 50-day simple moving average is $27.17 and its 200-day simple moving average is $28.06. The stock has a market capitalization of $536.93 million, a price-to-earnings ratio of 10.01 and a beta of 0.84.

TrustCo Bank Corp NY Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.44 annualized dividend and a dividend yield of 5.10%. TrustCo Bank Corp NY’s payout ratio is 51.61%.

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.