Vanguard Group Inc. Purchases 14,498 Shares of TrustCo Bank Corp NY $TRST

Vanguard Group Inc. grew its position in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,300,043 shares of the bank’s stock after buying an additional 14,498 shares during the quarter. Vanguard Group Inc. owned 7.06% of TrustCo Bank Corp NY worth $53,731,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. HoldCo Asset Management LP raised its holdings in shares of TrustCo Bank Corp NY by 170.2% in the 3rd quarter. HoldCo Asset Management LP now owns 872,744 shares of the bank’s stock worth $31,681,000 after purchasing an additional 549,729 shares during the period. American Century Companies Inc. raised its holdings in shares of TrustCo Bank Corp NY by 10.0% in the 3rd quarter. American Century Companies Inc. now owns 514,237 shares of the bank’s stock worth $18,667,000 after purchasing an additional 46,881 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of TrustCo Bank Corp NY by 14.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,322 shares of the bank’s stock worth $468,000 after purchasing an additional 1,439 shares during the period. SG Americas Securities LLC bought a new stake in shares of TrustCo Bank Corp NY in the 4th quarter worth approximately $322,000. Finally, JPMorgan Chase & Co. grew its stake in TrustCo Bank Corp NY by 41.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,479 shares of the bank’s stock valued at $1,070,000 after buying an additional 8,636 shares in the last quarter. Institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Trading Down 1.3%

TrustCo Bank Corp NY stock opened at $48.38 on Friday. TrustCo Bank Corp NY has a 1-year low of $30.17 and a 1-year high of $49.26. The firm has a market capitalization of $845.44 million, a price-to-earnings ratio of 14.19 and a beta of 0.60. The firm has a 50 day simple moving average of $45.49 and a 200 day simple moving average of $43.60.

TrustCo Bank Corp NY (NASDAQ:TRST) last released its quarterly earnings data on Tuesday, April 21st. The bank reported $0.91 earnings per share for the quarter. TrustCo Bank Corp NY had a net margin of 22.42% and a return on equity of 9.21%. The business had revenue of $49.55 million during the quarter.

TrustCo Bank Corp NY Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 6th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, March 6th. TrustCo Bank Corp NY’s payout ratio is currently 44.57%.

TrustCo Bank Corp NY Profile

TrustCo Bank Corp. NY (NASDAQ: TRST) is a bank holding company headquartered in Glens Falls, New York, that provides a full suite of community banking and financial services primarily across upstate New York and western Massachusetts. Through its wholly owned subsidiary, Trustco Bank, the company offers deposit products such as checking and savings accounts, as well as consumer, residential mortgage, and commercial lending solutions. Additional services include wealth management, trust administration, and insurance products tailored to the needs of individuals, businesses and nonprofit organizations.

Founded in 1902 as the Glens Falls Trust Company, TrustCo Bank has grown steadily through organic branch expansion and acquisitions of locally based banks.