TrustCo Bank Corp NY $TRST Position Decreased by Royce & Associates LP

Royce & Associates LP decreased its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 67.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,448 shares of the bank’s stock after selling 81,001 shares during the period. Royce & Associates LP’s holdings in TrustCo Bank Corp NY were worth $1,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TRST. HoldCo Asset Management LP boosted its position in shares of TrustCo Bank Corp NY by 170.2% during the 3rd quarter. HoldCo Asset Management LP now owns 872,744 shares of the bank’s stock valued at $31,681,000 after purchasing an additional 549,729 shares in the last quarter. UBS Group AG boosted its position in shares of TrustCo Bank Corp NY by 88.4% during the 4th quarter. UBS Group AG now owns 157,142 shares of the bank’s stock valued at $6,495,000 after purchasing an additional 73,718 shares in the last quarter. First Trust Advisors LP lifted its stake in TrustCo Bank Corp NY by 295.2% during the third quarter. First Trust Advisors LP now owns 71,557 shares of the bank’s stock valued at $2,598,000 after buying an additional 53,452 shares in the last quarter. American Century Companies Inc. lifted its stake in TrustCo Bank Corp NY by 10.0% during the third quarter. American Century Companies Inc. now owns 514,237 shares of the bank’s stock valued at $18,667,000 after buying an additional 46,881 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in TrustCo Bank Corp NY by 25.0% during the third quarter. Invesco Ltd. now owns 230,528 shares of the bank’s stock valued at $8,368,000 after buying an additional 46,103 shares in the last quarter. Institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Trading Up 0.9%

TRST stock opened at $51.81 on Friday. TrustCo Bank Corp NY has a one year low of $30.17 and a one year high of $52.19. The firm has a market capitalization of $905.64 million, a PE ratio of 15.19 and a beta of 0.60. The firm has a 50-day moving average of $46.90 and a two-hundred day moving average of $44.46.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings data on Tuesday, April 21st. The bank reported $0.91 EPS for the quarter. TrustCo Bank Corp NY had a net margin of 22.42% and a return on equity of 9.21%. The company had revenue of $49.55 million during the quarter.

TrustCo Bank Corp NY Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 5th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.52 dividend on an annualized basis and a yield of 2.9%. TrustCo Bank Corp NY’s dividend payout ratio is currently 44.57%.

About TrustCo Bank Corp NY

TrustCo Bank Corp. NY (NASDAQ: TRST) is a bank holding company headquartered in Glens Falls, New York, that provides a full suite of community banking and financial services primarily across upstate New York and western Massachusetts. Through its wholly owned subsidiary, Trustco Bank, the company offers deposit products such as checking and savings accounts, as well as consumer, residential mortgage, and commercial lending solutions. Additional services include wealth management, trust administration, and insurance products tailored to the needs of individuals, businesses and nonprofit organizations.

Founded in 1902 as the Glens Falls Trust Company, TrustCo Bank has grown steadily through organic branch expansion and acquisitions of locally based banks.