TrustCo Bank Corp NY (NASDAQ:TRST) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 16.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,393 shares of the bank’s stock after purchasing an additional 1,175 shares during the period. Cerity Partners LLC’s holdings in TrustCo Bank Corp NY were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of TrustCo Bank Corp NY by 277.3% during the 4th quarter. Invesco Ltd. now owns 248,507 shares of the bank’s stock valued at $8,278,000 after acquiring an additional 182,634 shares during the period. GAMMA Investing LLC raised its stake in shares of TrustCo Bank Corp NY by 4,514.3% during the 1st quarter. GAMMA Investing LLC now owns 53,157 shares of the bank’s stock worth $1,744,000 after buying an additional 52,005 shares during the last quarter. Systematic Financial Management LP raised its stake in shares of TrustCo Bank Corp NY by 4.3% during the 4th 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. JPMorgan Chase & Co. raised its stake in shares of TrustCo Bank Corp NY by 69.5% during the 4th quarter. JPMorgan Chase & Co. now owns 107,008 shares of the bank’s stock worth $3,564,000 after buying an additional 43,880 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of TrustCo Bank Corp NY by 9.5% during the 4th quarter. American Century Companies Inc. now owns 407,703 shares of the bank’s stock worth $13,581,000 after buying an additional 35,343 shares during the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

TrustCo Bank Corp NY Stock Up 0.0%

NASDAQ:TRST opened at $34.71 on Tuesday. The company has a market capitalization of $660.18 million, a PE ratio of 12.35 and a beta of 0.66. TrustCo Bank Corp NY has a 52-week low of $27.18 and a 52-week high of $38.89. The stock has a fifty day simple moving average of $32.96 and a 200-day simple moving average of $31.80.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its quarterly earnings data on Monday, July 21st. The bank reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.10. TrustCo Bank Corp NY had a return on equity of 7.85% and a net margin of 19.84%. The firm had revenue of $46.60 million during the quarter, compared to the consensus estimate of $46.16 million.

TrustCo Bank Corp NY Dividend Announcement

The business 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 dividend yield of 4.15%. TrustCo Bank Corp NY’s dividend payout ratio is currently 51.25%.

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.