Cwm LLC Buys 1,440 Shares of TrustCo Bank Corp NY (NASDAQ:TRST)

Cwm LLC raised its stake in TrustCo Bank Corp NY (NASDAQ:TRST) by 23.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,626 shares of the bank’s stock after buying an additional 1,440 shares during the quarter. Cwm LLC’s holdings in TrustCo Bank Corp NY were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TRST. Dimensional Fund Advisors LP raised its holdings in shares of TrustCo Bank Corp NY by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,231,523 shares of the bank’s stock valued at $41,022,000 after purchasing an additional 15,482 shares during the last quarter. Systematic Financial Management LP increased its holdings in TrustCo Bank Corp NY by 4.3% during the fourth quarter. Systematic Financial Management LP now owns 1,156,983 shares of the bank’s stock worth $38,539,000 after buying an additional 47,422 shares during the last quarter. Franklin Resources Inc. increased its holdings in TrustCo Bank Corp NY by 1.7% during the fourth quarter. Franklin Resources Inc. now owns 450,602 shares of the bank’s stock worth $15,010,000 after buying an additional 7,712 shares during the last quarter. American Century Companies Inc. boosted its position in TrustCo Bank Corp NY by 9.5% during the fourth quarter. American Century Companies Inc. now owns 407,703 shares of the bank’s stock worth $13,581,000 after purchasing an additional 35,343 shares during the period. Finally, Invesco Ltd. boosted its position in TrustCo Bank Corp NY by 277.3% during the fourth quarter. Invesco Ltd. now owns 248,507 shares of the bank’s stock worth $8,278,000 after purchasing an additional 182,634 shares during the period. Institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Price Performance

TRST stock opened at $34.70 on Friday. The company has a fifty day moving average price of $32.91 and a two-hundred day moving average price of $31.77. TrustCo Bank Corp NY has a one year low of $27.18 and a one year high of $38.89. The stock has a market cap of $659.99 million, a price-to-earnings ratio of 12.35 and a beta of 0.66.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its earnings results on Monday, July 21st. The bank reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. The company had revenue of $46.60 million during the quarter, compared to analysts’ expectations of $46.16 million. TrustCo Bank Corp NY had a net margin of 19.84% and a return on equity of 7.85%.

TrustCo Bank Corp NY Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors 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 yield of 4.15%. TrustCo Bank Corp NY’s dividend payout ratio is 51.25%.

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.