TrustCo Bank Corp NY $TRST Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC lifted its position in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,984 shares of the bank’s stock after buying an additional 3,322 shares during the period. Voya Investment Management LLC owned approximately 0.17% of TrustCo Bank Corp NY worth $975,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TRST. Hotchkis & Wiley Capital Management LLC lifted its position in shares of TrustCo Bank Corp NY by 32.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 312,582 shares of the bank’s stock worth $9,527,000 after purchasing an additional 76,660 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of TrustCo Bank Corp NY by 4,514.3% during the first quarter. GAMMA Investing LLC now owns 53,157 shares of the bank’s stock valued at $1,744,000 after acquiring an additional 52,005 shares during the period. Nuveen LLC acquired a new position in shares of TrustCo Bank Corp NY during the first quarter valued at approximately $1,494,000. Intech Investment Management LLC increased its stake in shares of TrustCo Bank Corp NY by 374.2% during the first quarter. Intech Investment Management LLC now owns 52,640 shares of the bank’s stock valued at $1,604,000 after acquiring an additional 41,540 shares during the period. Finally, Vanguard Group Inc. grew its position in TrustCo Bank Corp NY by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,264,934 shares of the bank’s stock worth $38,555,000 after buying an additional 37,096 shares during the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Stock Performance

NASDAQ TRST opened at $38.41 on Thursday. TrustCo Bank Corp NY has a twelve month low of $27.18 and a twelve month high of $40.96. The stock has a market cap of $724.03 million, a price-to-earnings ratio of 13.67 and a beta of 0.72. The firm’s 50 day moving average price is $36.87 and its two-hundred day moving average price is $33.17.

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

TrustCo Bank Corp NY Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 5th will be paid 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 dividend on an annualized basis and a yield of 4.0%. TrustCo Bank Corp NY’s payout ratio is presently 54.09%.

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.