TrustCo Bank Corp NY (NASDAQ:TRST) Director William D. Powers sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $8.00, for a total transaction of $160,000.00. Following the completion of the sale, the director now directly owns 90,651 shares in the company, valued at $725,208. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

TrustCo Bank Corp NY (NASDAQ TRST) traded down 1.89% during midday trading on Thursday, hitting $7.80. 224,650 shares of the stock were exchanged. TrustCo Bank Corp NY has a 12-month low of $6.60 and a 12-month high of $9.00. The stock has a market cap of $749.59 million, a price-to-earnings ratio of 16.70 and a beta of 1.17. The firm has a 50 day moving average of $7.85 and a 200-day moving average of $7.94.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings data on Friday, July 21st. The bank reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The business had revenue of $43.05 million for the quarter. TrustCo Bank Corp NY had a net margin of 24.58% and a return on equity of 10.24%. During the same quarter in the previous year, the company earned $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.

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A number of hedge funds and other institutional investors have recently bought and sold shares of TRST. Mason Street Advisors LLC raised its position in TrustCo Bank Corp NY by 7.2% in the first quarter. Mason Street Advisors LLC now owns 22,416 shares of the bank’s stock valued at $176,000 after buying an additional 1,503 shares during the last quarter. Bank of Montreal Can raised its position in TrustCo Bank Corp NY by 39.7% in the first quarter. Bank of Montreal Can now owns 162,988 shares of the bank’s stock valued at $1,279,000 after buying an additional 46,290 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in TrustCo Bank Corp NY by 2.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 21,870 shares of the bank’s stock valued at $172,000 after buying an additional 480 shares during the last quarter. Norges Bank acquired a new position in TrustCo Bank Corp NY during the fourth quarter valued at approximately $6,857,000. Finally, King Wealth Management Group LLC raised its position in TrustCo Bank Corp NY by 2.7% in the first quarter. King Wealth Management Group LLC now owns 22,943 shares of the bank’s stock valued at $180,000 after buying an additional 602 shares during the last quarter. Hedge funds and other institutional investors own 58.26% of the company’s stock.

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.

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