Principal Financial Group Inc. Has $2.89 Million Holdings in TrustCo Bank Corp NY (NASDAQ:TRST)

Principal Financial Group Inc. boosted its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,687 shares of the bank’s stock after buying an additional 2,529 shares during the quarter. Principal Financial Group Inc. owned approximately 0.50% of TrustCo Bank Corp NY worth $2,886,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New York State Teachers Retirement System grew its position in TrustCo Bank Corp NY by 1.4% in the 1st quarter. New York State Teachers Retirement System now owns 30,586 shares of the bank’s stock worth $932,000 after purchasing an additional 436 shares during the last quarter. GAMMA Investing LLC grew its position in TrustCo Bank Corp NY by 51.4% in the 1st quarter. GAMMA Investing LLC now owns 1,744 shares of the bank’s stock worth $53,000 after purchasing an additional 592 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in TrustCo Bank Corp NY by 69.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,499 shares of the bank’s stock worth $1,316,000 after purchasing an additional 16,194 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in TrustCo Bank Corp NY by 21.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,144 shares of the bank’s stock worth $538,000 after purchasing an additional 2,857 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in TrustCo Bank Corp NY in the 4th quarter worth $93,000. 68.57% of the stock is currently owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Price Performance

NASDAQ TRST opened at $35.24 on Friday. The firm has a market capitalization of $670.26 million, a price-to-earnings ratio of 13.15 and a beta of 0.66. The company’s fifty day moving average is $32.61 and its two-hundred day moving average is $31.68. TrustCo Bank Corp NY has a 52-week low of $27.18 and a 52-week high of $38.89.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings results on Monday, April 21st. The bank reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.10. TrustCo Bank Corp NY had a net margin of 19.14% and a return on equity of 7.59%. The company had revenue of $45.35 million for the quarter, compared to analyst estimates of $44.99 million.

TrustCo Bank Corp NY Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were given a dividend of $0.36 per share. The ex-dividend date was Friday, June 6th. This represents a $1.44 annualized dividend and a dividend yield of 4.09%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is currently 53.73%.

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.