Insider Buying: TrustCo Bank Corp NY (NASDAQ:TRST) COO Purchases $15,501.50 in Stock

TrustCo Bank Corp NY (NASDAQ:TRST) COO Kevin M. Curley purchased 430 shares of TrustCo Bank Corp NY stock in a transaction dated Monday, June 7th. The stock was bought at an average cost of $36.05 per share, with a total value of $15,501.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

TRST stock opened at $36.14 on Friday. TrustCo Bank Corp NY has a 12 month low of $25.25 and a 12 month high of $41.47. The firm has a market capitalization of $697.07 million, a price-to-earnings ratio of 64.54 and a beta of 1.21. The company’s 50 day simple moving average is $13.49.

TrustCo Bank Corp NY (NASDAQ:TRST) last released its earnings results on Tuesday, April 20th. The bank reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. TrustCo Bank Corp NY had a net margin of 27.95% and a return on equity of 9.45%. The business had revenue of $44.54 million during the quarter, compared to analyst estimates of $43.77 million. On average, sell-side analysts predict that TrustCo Bank Corp NY will post 0.57 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Friday, June 4th will be paid a dividend of $0.068 per share. This represents a $0.27 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, June 3rd. TrustCo Bank Corp NY’s dividend payout ratio is presently 251.85%.

A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its stake in TrustCo Bank Corp NY by 3.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 62,082 shares of the bank’s stock valued at $414,000 after purchasing an additional 2,344 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of TrustCo Bank Corp NY by 6.6% during the fourth quarter. First Trust Advisors LP now owns 38,033 shares of the bank’s stock valued at $254,000 after acquiring an additional 2,370 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of TrustCo Bank Corp NY by 2.4% during the first quarter. UBS Asset Management Americas Inc. now owns 103,063 shares of the bank’s stock valued at $760,000 after acquiring an additional 2,431 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of TrustCo Bank Corp NY by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 637,798 shares of the bank’s stock valued at $4,255,000 after acquiring an additional 2,436 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of TrustCo Bank Corp NY by 1,942.6% during the first quarter. Captrust Financial Advisors now owns 3,881 shares of the bank’s stock valued at $29,000 after acquiring an additional 3,691 shares during the period. 64.41% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered shares of TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a research note on Tuesday, June 1st.

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, partnerships, and corporations. 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.

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Insider Buying and Selling by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)

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