2 weeks Ago By Defense World Staff
Cerity Partners LLC decreased its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST – Free Report) by 49.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,218 shares of the bank’s stock after selling 7,166 shares during the period.
Cerity Partners LLC’s holdings in TrustCo Bank Corp NY were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors have also recently added to or reduced their stakes in TRST. JPMorgan Chase & Co.
lifted its holdings in TrustCo Bank Corp NY by 69.5% during the fourth quarter. JPMorgan Chase & Co.
now owns 107,008 shares of the bank’s stock valued at $3,564,000 after purchasing an additional 43,880 shares in the last quarter. American Century Companies Inc. lifted its stake in TrustCo Bank Corp NY by 9.
5% in the 4th quarter. American Century Companies Inc. now owns 407,703 shares of the bank’s stock valued at $13,581,000 after buying an additional 35,343 shares in the last quarter.
Proficio Capital Partners LLC acquired a new stake in TrustCo Bank Corp NY in the 4th quarter worth about $746,000. Barclays PLC increased its stake in TrustCo Bank Corp NY by 134.4% during the 3rd quarter.
Barclays PLC now owns 37,729 shares of the bank’s stock worth $1,247,000 after buying an additional 21,633 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of TrustCo Bank Corp NY by 105.
1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,987 shares of the bank’s stock valued at $1,232,000 after acquiring an additional 18,954 shares during the last quarter.
Institutional investors and hedge funds own 68.57% of the company’s stock. TrustCo Bank Corp NY Stock Up 1.
1 %Shares of TRST opened at $30.72 on Friday. TrustCo Bank Corp NY has a 52-week low of $26.
14 and a 52-week high of $38.89. The stock has a market cap of $584.
29 million, a PE ratio of 11.95 and a beta of 0.71.
The firm’s fifty day moving average is $30.39 and its two-hundred day moving average is $32.81.
TrustCo Bank Corp NY (NASDAQ:TRST – Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The bank reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
65 by $0.10. The firm had revenue of $45.
35 million for the quarter, compared to analyst estimates of $44.99 million. TrustCo Bank Corp NY had a net margin of 18.
56% and a return on equity of 7.37%. TrustCo Bank Corp NY declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 18th that permits the company to buyback 0 outstanding shares.
This buyback authorization permits the bank to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued. TrustCo Bank Corp NY Announces DividendThe business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st.
Shareholders of record on Friday, March 7th were paid a dividend of $0.36 per share. This represents a $1.
44 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend was Friday, March 7th.
TrustCo Bank Corp NY’s dividend payout ratio (DPR) is currently 56.03%. TrustCo Bank Corp NY Company Profile (Free Report)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 and businesses.
The company accepts deposits; and offers 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.Read MoreFive stocks we like better than TrustCo Bank Corp NYHow to Most Effectively Use the MarketBeat Earnings Screener2 Strong Utilities Plays With Booming Earnings and Room to GrowWhen to Sell a Stock for Profit or LossWhy Smart Investors Don’t Panic in Election SeasonWhy Invest in High-Yield Dividend Stocks?Now Is the Time to Buy ServiceNow—The Rebound Is Real.
