TrustCo Bank Corp NY $TRST Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC boosted its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 4.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 222,642 shares of the bank’s stock after purchasing an additional 10,431 shares during the quarter. AQR Capital Management LLC owned about 1.17% of TrustCo Bank Corp NY worth $6,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of TrustCo Bank Corp NY in the 4th quarter worth $479,000. Cubist Systematic Strategies LLC acquired a new position in shares of TrustCo Bank Corp NY in the fourth quarter worth about $93,000. Deutsche Bank AG boosted its stake in shares of TrustCo Bank Corp NY by 14.0% during the 4th quarter. Deutsche Bank AG now owns 9,920 shares of the bank’s stock valued at $330,000 after buying an additional 1,221 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in TrustCo Bank Corp NY by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,568 shares of the bank’s stock valued at $352,000 after acquiring an additional 362 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of TrustCo Bank Corp NY during the fourth quarter worth about $203,000. 68.57% of the stock is currently owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Price Performance

Shares of TRST opened at $40.05 on Friday. TrustCo Bank Corp NY has a 12-month low of $27.18 and a 12-month high of $40.96. The business’s fifty day moving average price is $36.16 and its 200 day moving average price is $32.74. The stock has a market capitalization of $754.98 million, a PE ratio of 14.25 and a beta of 0.72.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its quarterly earnings data on Monday, July 21st. The bank reported $0.79 EPS for the quarter, topping analysts’ consensus estimates 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 Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 5th. This is an increase from TrustCo Bank Corp NY’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 3.8%. TrustCo Bank Corp NY’s dividend payout ratio is currently 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.