Allianz Asset Management GmbH Has $283,000 Holdings in TrustCo Bank Corp NY (NASDAQ:TRST)

Allianz Asset Management GmbH cut its stake in TrustCo Bank Corp NY (NASDAQ:TRST) by 19.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,300 shares of the bank’s stock after selling 2,300 shares during the period. Allianz Asset Management GmbH’s holdings in TrustCo Bank Corp NY were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRST. Dimensional Fund Advisors LP increased its stake in TrustCo Bank Corp NY by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,231,523 shares of the bank’s stock valued at $41,022,000 after buying an additional 15,482 shares during the last quarter. Systematic Financial Management LP increased its stake in TrustCo Bank Corp NY by 4.3% in the 4th quarter. Systematic Financial Management LP now owns 1,156,983 shares of the bank’s stock valued at $38,539,000 after buying an additional 47,422 shares during the last quarter. Franklin Resources Inc. increased its stake in TrustCo Bank Corp NY by 1.7% in the 4th quarter. Franklin Resources Inc. now owns 450,602 shares of the bank’s stock valued at $15,010,000 after buying an additional 7,712 shares during the last quarter. Invesco Ltd. lifted its stake in TrustCo Bank Corp NY by 277.3% in the fourth 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 last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in TrustCo Bank Corp NY by 3.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 121,913 shares of the bank’s stock valued at $4,061,000 after acquiring an additional 3,617 shares during the last quarter. 68.57% of the stock is owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Price Performance

Shares of TRST stock opened at $33.05 on Monday. The stock has a market cap of $628.61 million, a P/E ratio of 11.76 and a beta of 0.70. The company has a fifty day moving average price of $33.16 and a two-hundred day moving average price of $31.85. TrustCo Bank Corp NY has a one year low of $27.18 and a one year high of $38.89.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings results on Monday, July 21st. The bank reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. The firm 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 declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were paid a $0.36 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.44 dividend on an annualized basis and a yield of 4.4%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) 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.