BNP Paribas Arbitrage SA grew its stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 54.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 34,164 shares of the bank’s stock after acquiring an additional 12,039 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in TrustCo Bank Corp NY were worth $265,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its position in shares of TrustCo Bank Corp NY by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 39,100 shares of the bank’s stock valued at $303,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System lifted its position in shares of TrustCo Bank Corp NY by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 50,106 shares of the bank’s stock valued at $388,000 after acquiring an additional 200 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in shares of TrustCo Bank Corp NY by 2.2% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 21,870 shares of the bank’s stock valued at $172,000 after acquiring an additional 480 shares during the period. King Wealth Management Group LLC lifted its position in shares of TrustCo Bank Corp NY by 2.7% during the 1st quarter. King Wealth Management Group LLC now owns 22,943 shares of the bank’s stock valued at $180,000 after acquiring an additional 602 shares during the period. Finally, Texas Permanent School Fund lifted its position in shares of TrustCo Bank Corp NY by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 70,101 shares of the bank’s stock valued at $543,000 after acquiring an additional 695 shares during the period. Hedge funds and other institutional investors own 57.78% of the company’s stock.

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Separately, BidaskClub downgraded TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th.

In other news, Director William D. Powers sold 20,000 shares of TrustCo Bank Corp NY stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $8.00, for a total value of $160,000.00. Following the completion of the transaction, the director now directly owns 90,651 shares in the company, valued at $725,208. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

Shares of TrustCo Bank Corp NY (NASDAQ TRST) opened at 8.30 on Friday. The company has a market capitalization of $797.64 million, a P/E ratio of 17.77 and a beta of 1.18. TrustCo Bank Corp NY has a 52-week low of $6.60 and a 52-week high of $9.00. The stock’s 50 day moving average price is $7.89 and its 200-day moving average price is $7.83.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The company had revenue of $43.05 million during the quarter. TrustCo Bank Corp NY had a return on equity of 10.24% and a net margin of 24.58%. During the same quarter last year, the firm posted $0.11 earnings per share. On average, equities analysts expect that TrustCo Bank Corp NY will post $0.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be given a $0.0656 dividend. This represents a $0.26 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Wednesday, August 30th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is presently 56.52%.

About TrustCo Bank Corp NY

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.

Institutional Ownership by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)

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