Geode Capital Management LLC Has $14.65 Million Stake in TrustCo Bank Corp NY (NASDAQ:TRST)

Geode Capital Management LLC raised its position in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 442,783 shares of the bank’s stock after buying an additional 6,249 shares during the period. Geode Capital Management LLC owned about 2.33% of TrustCo Bank Corp NY worth $14,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Systematic Financial Management LP grew its stake in shares of TrustCo Bank Corp NY by 17.0% during the third quarter. Systematic Financial Management LP now owns 1,109,561 shares of the bank’s stock valued at $36,693,000 after purchasing an additional 161,001 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of TrustCo Bank Corp NY by 35.2% during the third quarter. Verition Fund Management LLC now owns 290,208 shares of the bank’s stock valued at $9,597,000 after purchasing an additional 75,594 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of TrustCo Bank Corp NY by 31.7% during the second quarter. AQR Capital Management LLC now owns 304,658 shares of the bank’s stock valued at $8,765,000 after purchasing an additional 73,250 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of TrustCo Bank Corp NY by 270.4% during the second quarter. Acadian Asset Management LLC now owns 88,701 shares of the bank’s stock valued at $2,550,000 after purchasing an additional 64,751 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in TrustCo Bank Corp NY by 17.8% in the second quarter. American Century Companies Inc. now owns 331,049 shares of the bank’s stock valued at $9,524,000 after acquiring an additional 50,106 shares during the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

TrustCo Bank Corp NY Stock Performance

Shares of TRST stock opened at $33.28 on Tuesday. TrustCo Bank Corp NY has a 52-week low of $25.83 and a 52-week high of $38.89. The stock has a market cap of $632.65 million, a PE ratio of 13.31 and a beta of 0.83. The firm’s 50 day moving average price is $35.43 and its two-hundred day moving average price is $33.20.

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

TrustCo Bank Corp NY Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be paid a $0.36 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.44 dividend on an annualized basis and a yield of 4.33%. TrustCo Bank Corp NY’s payout ratio is presently 57.60%.

TrustCo Bank Corp NY 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.