Stevens Capital Management LP Buys 7,926 Shares of TrustCo Bank Corp NY (TRST)
Stevens Capital Management LP grew its stake in TrustCo Bank Corp NY (NASDAQ:TRST) by 33.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,474 shares of the bank’s stock after buying an additional 7,926 shares during the period. Stevens Capital Management LP’s holdings in TrustCo Bank Corp NY were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of TRST. PNC Financial Services Group Inc. increased its stake in shares of TrustCo Bank Corp NY by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 12,740 shares of the bank’s stock valued at $100,000 after buying an additional 711 shares during the period. CAPROCK Group Inc. acquired a new stake in shares of TrustCo Bank Corp NY in the third quarter valued at about $106,000. Essex Financial Services Inc. acquired a new stake in shares of TrustCo Bank Corp NY in the second quarter valued at about $108,000. Susquehanna International Group LLP acquired a new stake in shares of TrustCo Bank Corp NY in the second quarter valued at about $136,000. Finally, State of Alaska Department of Revenue increased its stake in shares of TrustCo Bank Corp NY by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 18,950 shares of the bank’s stock valued at $146,000 after buying an additional 8,370 shares during the period. 57.15% of the stock is owned by institutional investors.
Shares of TrustCo Bank Corp NY (NASDAQ TRST) opened at $9.15 on Tuesday. TrustCo Bank Corp NY has a one year low of $7.25 and a one year high of $9.38. The company has a market capitalization of $879.33, a P/E ratio of 18.75 and a beta of 1.20.
TrustCo Bank Corp NY (NASDAQ:TRST) last released its earnings results on Monday, October 23rd. The bank reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. TrustCo Bank Corp NY had a return on equity of 10.51% and a net margin of 25.16%. The business had revenue of $44.03 million during the quarter. During the same period in the prior year, the business earned $0.11 EPS.
TRST has been the subject of several recent research reports. BidaskClub raised TrustCo Bank Corp NY from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Canaccord Genuity reaffirmed a “speculative buy” rating and set a $7.25 target price on shares of TrustCo Bank Corp NY in a research note on Wednesday, October 18th.
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TrustCo Bank Corp NY Company Profile
TrustCo Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. It operates through community banking segment. The Bank’s business consists of accepting deposits and making loans and investments.
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