Oregon Public Employees Retirement Fund bought a new stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 36,759 shares of the bank’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRST. BlackRock Inc. lifted its holdings in shares of TrustCo Bank Corp NY by 3.7% during the 3rd quarter. BlackRock Inc. now owns 13,819,571 shares of the bank’s stock valued at $117,465,000 after purchasing an additional 498,152 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of TrustCo Bank Corp NY by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,104,053 shares of the bank’s stock valued at $51,884,000 after purchasing an additional 88,939 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of TrustCo Bank Corp NY by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 6,104,053 shares of the bank’s stock valued at $51,884,000 after purchasing an additional 88,939 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of TrustCo Bank Corp NY by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,784,768 shares of the bank’s stock valued at $49,170,000 after purchasing an additional 111,664 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of TrustCo Bank Corp NY by 5.6% during the 3rd quarter. Royce & Associates LP now owns 2,917,354 shares of the bank’s stock valued at $24,798,000 after purchasing an additional 155,485 shares during the last quarter. 61.58% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub upgraded TrustCo Bank Corp NY from a “hold” rating to a “buy” rating in a report on Friday, February 22nd.

Shares of TRST stock opened at $8.22 on Friday. The firm has a market capitalization of $795.25 million, a P/E ratio of 12.97 and a beta of 1.11. TrustCo Bank Corp NY has a 1 year low of $6.51 and a 1 year high of $9.45.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Tuesday, January 22nd. The bank reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $45.19 million during the quarter. TrustCo Bank Corp NY had a return on equity of 12.94% and a net margin of 30.88%.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be paid a $0.0681 dividend. This is a positive change from TrustCo Bank Corp NY’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.27 dividend on an annualized basis and a yield of 3.32%.

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TrustCo Bank Corp NY 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, partnerships, and corporations. The company is primarily involved in accepting deposits, and making 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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Institutional Ownership by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)

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