Vanguard Group Inc. increased its stake in TrustCo Bank Corp NY (NASDAQ:TRST) by 5.9% during the first quarter, Holdings Channel reports. The fund owned 5,185,647 shares of the bank’s stock after buying an additional 291,144 shares during the period. Vanguard Group Inc. owned approximately 0.05% of TrustCo Bank Corp NY worth $40,708,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TRST. Municipal Employees Retirement System of Michigan increased its stake in shares of 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. Louisiana State Employees Retirement System increased its stake in shares of TrustCo Bank Corp NY by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 39,000 shares of the bank’s stock valued at $306,000 after buying an additional 500 shares during the last quarter. Arizona State Retirement System increased its stake in shares of TrustCo Bank Corp NY by 1.2% in the first quarter. Arizona State Retirement System now owns 49,906 shares of the bank’s stock valued at $392,000 after buying an additional 600 shares during the last quarter. King Wealth Management Group LLC increased its stake in shares of 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. Finally, PNC Financial Services Group Inc. increased its stake in shares of TrustCo Bank Corp NY by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 12,740 shares of the bank’s stock valued at $100,000 after buying an additional 711 shares during the last quarter. Institutional investors and hedge funds own 58.26% of the company’s stock.

Shares of TrustCo Bank Corp NY (NASDAQ:TRST) traded down 0.64% during midday trading on Friday, hitting $7.75. 325,762 shares of the stock traded hands. TrustCo Bank Corp NY has a 12-month low of $6.60 and a 12-month high of $9.00. The company has a market capitalization of $744.78 million, a PE ratio of 16.60 and a beta of 1.17. The firm’s 50 day moving average price is $7.86 and its 200 day moving average price is $7.94.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its earnings results on Friday, July 21st. The bank reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $43.05 million for the quarter. TrustCo Bank Corp NY had a return on equity of 10.24% and a net margin of 24.58%. During the same period in the previous year, the firm posted $0.11 earnings per share. Analysts expect that TrustCo Bank Corp NY will post $0.49 EPS for the current year.

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In related news, Director William D. Powers sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $8.00, for a total transaction of $160,000.00. Following the transaction, the director now directly owns 90,651 shares of the company’s stock, valued at approximately $725,208. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by insiders.

TrustCo Bank Corp NY Company Profile

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

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