American Century Companies Inc. Acquires 33,171 Shares of TrustCo Bank Corp NY $TRST

American Century Companies Inc. raised its holdings in TrustCo Bank Corp NY (NASDAQ:TRST) by 8.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 440,874 shares of the bank’s stock after purchasing an additional 33,171 shares during the period. American Century Companies Inc. owned approximately 2.32% of TrustCo Bank Corp NY worth $13,438,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings 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 valued at $53,000 after purchasing an additional 592 shares during the period. Cubist Systematic Strategies LLC bought a new stake in TrustCo Bank Corp NY in the 4th quarter valued at about $93,000. Point72 Asset Management L.P. bought a new stake in TrustCo Bank Corp NY in the 4th quarter valued at about $203,000. Raymond James Financial Inc. acquired a new position in shares of TrustCo Bank Corp NY in the 4th quarter valued at approximately $247,000. Finally, Cetera Investment Advisers acquired a new position in shares of TrustCo Bank Corp NY in the 1st quarter valued at approximately $232,000. Institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Trading Up 0.3%

Shares of NASDAQ:TRST opened at $38.03 on Tuesday. The firm has a 50 day moving average of $34.31 and a 200-day moving average of $32.15. The stock has a market capitalization of $716.87 million, a PE ratio of 13.53 and a beta of 0.70. TrustCo Bank Corp NY has a 12 month low of $27.18 and a 12 month high of $38.89.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Monday, July 21st. The bank reported $0.79 EPS for the quarter, beating the consensus estimate 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. This is a boost from TrustCo Bank Corp NY’s previous quarterly dividend of $0.36. TrustCo Bank Corp NY’s dividend payout ratio is presently 51.25%.

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.