TrustCo Bank Corp NY (NASDAQ:TRST) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 14.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,588 shares of the bank’s stock after selling 8,080 shares during the quarter. Thrivent Financial for Lutherans owned 0.25% of TrustCo Bank Corp NY worth $1,540,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TRST. Capital Performance Advisors LLP purchased a new stake in TrustCo Bank Corp NY during the third quarter worth $33,000. GAMMA Investing LLC raised its stake in shares of TrustCo Bank Corp NY by 55.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock worth $38,000 after buying an additional 410 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of TrustCo Bank Corp NY by 577.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,942 shares of the bank’s stock worth $85,000 after buying an additional 2,508 shares in the last quarter. CWM LLC grew its stake in TrustCo Bank Corp NY by 547.5% in the 2nd quarter. CWM LLC now owns 4,565 shares of the bank’s stock valued at $131,000 after acquiring an additional 3,860 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in TrustCo Bank Corp NY during the 2nd quarter valued at about $219,000. Institutional investors and hedge funds own 68.57% of the company’s stock.

TrustCo Bank Corp NY Trading Down 0.9 %

Shares of TRST opened at $37.24 on Friday. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $38.89. The stock has a market cap of $707.93 million, a P/E ratio of 14.90 and a beta of 0.81. The company has a 50-day moving average of $34.28 and a two-hundred day moving average of $32.02.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its quarterly earnings data on Monday, October 21st. The bank reported $0.68 earnings per share (EPS) for the quarter. The firm had revenue of $66.00 million during the quarter. TrustCo Bank Corp NY had a return on equity of 7.24% and a net margin of 18.24%. During the same quarter in the prior year, the firm earned $0.77 earnings per share.

TrustCo Bank Corp NY Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a $0.36 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.44 annualized dividend and a dividend yield of 3.87%. TrustCo Bank Corp NY’s dividend payout ratio is currently 57.60%.

About TrustCo Bank Corp NY

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.