TrustCo Bank Corp NY (TRST) Holdings Reduced by Two Sigma Investments LP
Two Sigma Investments LP trimmed its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 41.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 86,233 shares of the bank’s stock after selling 60,549 shares during the period. Two Sigma Investments LP’s holdings in TrustCo Bank Corp NY were worth $592,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of TrustCo Bank Corp NY by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 803,882 shares of the bank’s stock worth $5,515,000 after purchasing an additional 4,284 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of TrustCo Bank Corp NY by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 1,098,082 shares of the bank’s stock worth $7,532,000 after purchasing an additional 50,212 shares during the last quarter. Magnus Financial Group LLC bought a new stake in shares of TrustCo Bank Corp NY in the fourth quarter worth about $83,000. Dimensional Fund Advisors LP increased its holdings in shares of TrustCo Bank Corp NY by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,854,396 shares of the bank’s stock worth $40,161,000 after purchasing an additional 69,628 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of TrustCo Bank Corp NY in the fourth quarter worth about $76,000. Institutional investors and hedge funds own 63.56% of the company’s stock.
In related news, insider Robert M. Leonard sold 17,252 shares of TrustCo Bank Corp NY stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $8.28, for a total value of $142,846.56. Following the completion of the transaction, the insider now owns 68,850 shares in the company, valued at $570,078. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.
Shares of TRST stock opened at $7.80 on Wednesday. TrustCo Bank Corp NY has a 12-month low of $6.51 and a 12-month high of $9.45. The stock has a market capitalization of $762.38 million, a PE ratio of 12.31 and a beta of 1.10.
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 Thomson Reuters’ consensus estimate of $0.16 by $0.01. TrustCo Bank Corp NY had a return on equity of 12.94% and a net margin of 30.88%. The firm had revenue of $45.19 million for the quarter.
The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $0.0681 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.27 annualized dividend and a yield of 3.49%. This is a positive change from TrustCo Bank Corp NY’s previous quarterly dividend of $0.07.
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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