TrustCo Bank Corp. NY (TRST) Trading 1.2% Higher
TrustCo Bank Corp. NY (NASDAQ:TRST)’s share price traded up 1.2% during mid-day trading on Tuesday . The company traded as high as $6.73 and last traded at $6.72, with a volume of 225,373 shares. The stock had previously closed at $6.64.
The firm has a market cap of $649.35 million and a P/E ratio of 15.56. The stock has a 50-day moving average price of $6.45 and a 200-day moving average price of $6.14.
TrustCo Bank Corp. NY (NASDAQ:TRST) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.00. During the same period in the prior year, the firm earned $0.11 EPS. On average, analysts expect that TrustCo Bank Corp. NY will post $0.43 EPS for the current year.
A number of hedge funds have added to or reduced their stakes in TRST. JBF Capital Inc. acquired a new stake in TrustCo Bank Corp. NY during the fourth quarter worth $1,596,000. Russell Frank Co raised its stake in TrustCo Bank Corp. NY by 134.0% in the fourth quarter. Russell Frank Co now owns 351,519 shares of the company’s stock worth $2,243,000 after buying an additional 201,276 shares during the period. California State Teachers Retirement System raised its stake in TrustCo Bank Corp. NY by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 176,132 shares of the company’s stock worth $1,081,000 after buying an additional 3,125 shares during the period. First Trust Advisors LP raised its stake in TrustCo Bank Corp. NY by 66.9% in the fourth quarter. First Trust Advisors LP now owns 340,473 shares of the company’s stock worth $2,091,000 after buying an additional 136,522 shares during the period. Finally, Morgan Stanley raised its stake in TrustCo Bank Corp. NY by 35.1% in the fourth quarter. Morgan Stanley now owns 184,796 shares of the company’s stock worth $1,134,000 after buying an additional 48,049 shares during the period.
Trustco Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Company operates through the community banking segment. The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations.
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