Invesco Ltd. Sells 30,463 Shares of TrustCo Bank Corp NY $TRST

Invesco Ltd. reduced its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 12.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 218,044 shares of the bank’s stock after selling 30,463 shares during the period. Invesco Ltd. owned 1.15% of TrustCo Bank Corp NY worth $6,646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its position in 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 valued at $1,744,000 after buying an additional 52,005 shares in the last quarter. Systematic Financial Management LP increased its stake in shares of TrustCo Bank Corp NY by 4.3% in the fourth quarter. Systematic Financial Management LP now owns 1,156,983 shares of the bank’s stock worth $38,539,000 after acquiring an additional 47,422 shares during the period. Vanguard Group Inc. grew its position in TrustCo Bank Corp NY by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 1,264,934 shares of the bank’s stock worth $38,555,000 after purchasing an additional 37,096 shares during the period. GSA Capital Partners LLP boosted its stake in shares of TrustCo Bank Corp NY by 100.5% in the first quarter. GSA Capital Partners LLP now owns 60,672 shares of the bank’s stock worth $1,849,000 after buying an additional 30,410 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of TrustCo Bank Corp NY by 50.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 55,693 shares of the bank’s stock worth $1,698,000 after purchasing an additional 18,706 shares during the period. 68.57% of the stock is owned by hedge funds and other institutional investors.

TrustCo Bank Corp NY Trading Up 2.7%

NASDAQ TRST opened at $39.04 on Wednesday. The stock has a 50-day moving average of $34.48 and a 200 day moving average of $32.20. TrustCo Bank Corp NY has a twelve month low of $27.18 and a twelve month high of $39.09. The stock has a market capitalization of $735.94 million, a price-to-earnings ratio of 13.89 and a beta of 0.70.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted 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. The company had revenue of $46.60 million for the quarter, compared to analysts’ expectations of $46.16 million. TrustCo Bank Corp NY had a return on equity of 7.85% and a net margin of 19.84%.

TrustCo Bank Corp NY Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 5th will be issued a $0.38 dividend. This is a boost from TrustCo Bank Corp NY’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, September 5th. This represents a $1.52 annualized dividend and a yield of 3.9%. TrustCo Bank Corp NY’s payout ratio is 54.09%.

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.