Campbell & CO Investment Adviser LLC Acquires Shares of 12,026 TrustCo Bank Corp NY $TRST

Campbell & CO Investment Adviser LLC acquired a new stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,026 shares of the bank’s stock, valued at approximately $402,000. Campbell & CO Investment Adviser LLC owned 0.06% of TrustCo Bank Corp NY as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TRST. Hotchkis & Wiley Capital Management LLC grew its holdings in TrustCo Bank Corp NY by 32.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 312,582 shares of the bank’s stock valued at $9,527,000 after purchasing an additional 76,660 shares in the last quarter. Nuveen LLC acquired a new stake in shares of TrustCo Bank Corp NY during the first quarter valued at about $1,494,000. Intech Investment Management LLC increased its position 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 worth $1,604,000 after acquiring an additional 41,540 shares during the last quarter. Vanguard Group Inc. increased its position in shares of TrustCo Bank Corp NY by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,264,934 shares of the bank’s stock worth $38,555,000 after acquiring an additional 37,096 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of TrustCo Bank Corp NY in the second quarter worth about $1,175,000. 68.57% of the stock is currently owned by hedge funds and other institutional investors.

TrustCo Bank Corp NY Stock Up 0.7%

NASDAQ:TRST opened at $40.10 on Monday. The company has a market cap of $738.80 million, a PE ratio of 13.41 and a beta of 0.68. The business’s 50 day moving average is $37.83 and its two-hundred day moving average is $35.24. TrustCo Bank Corp NY has a 52 week low of $27.18 and a 52 week high of $40.96.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings results on Tuesday, October 21st. The bank reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.13. TrustCo Bank Corp NY had a return on equity of 8.27% and a net margin of 20.74%.The business had revenue of $47.81 million for the quarter, compared to analyst estimates of $47.27 million. During the same period in the prior year, the company posted $0.68 EPS.

TrustCo Bank Corp NY Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, September 5th. This is an increase from TrustCo Bank Corp NY’s previous quarterly dividend of $0.36. TrustCo Bank Corp NY’s payout ratio is 50.84%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of TrustCo Bank Corp NY in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

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.