TrustCo Bank Corp NY (NASDAQ:TRST) Stock Position Raised by WINTON GROUP Ltd

WINTON GROUP Ltd increased its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 16.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 33,469 shares of the bank’s stock after purchasing an additional 4,685 shares during the period. WINTON GROUP Ltd’s holdings in TrustCo Bank Corp NY were worth $963,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRST. Allspring Global Investments Holdings LLC lifted its holdings in shares of TrustCo Bank Corp NY by 26.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,794 shares of the bank’s stock valued at $51,000 after purchasing an additional 378 shares in the last quarter. Meeder Asset Management Inc. boosted its position in TrustCo Bank Corp NY by 577.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,942 shares of the bank’s stock worth $85,000 after acquiring an additional 2,508 shares during the period. CWM LLC boosted its position in TrustCo Bank Corp NY by 547.5% during the 2nd quarter. CWM LLC now owns 4,565 shares of the bank’s stock worth $131,000 after acquiring an additional 3,860 shares during the period. Quest Partners LLC purchased a new position in TrustCo Bank Corp NY during the 4th quarter valued at about $144,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of TrustCo Bank Corp NY by 12.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,903 shares of the bank’s stock valued at $307,000 after purchasing an additional 1,068 shares during the period. 68.57% of the stock is currently owned by hedge funds and other institutional investors.

TrustCo Bank Corp NY Trading Up 1.1 %

TRST opened at $33.57 on Tuesday. The stock has a fifty day moving average price of $33.10 and a 200 day moving average price of $29.47. TrustCo Bank Corp NY has a 1 year low of $23.78 and a 1 year high of $36.51. The stock has a market cap of $638.64 million, a price-to-earnings ratio of 12.03 and a beta of 0.82.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.13. TrustCo Bank Corp NY had a return on equity of 7.65% and a net margin of 19.22%. The business had revenue of $66.24 million during the quarter, compared to analyst estimates of $40.94 million. During the same period in the previous year, the company earned $0.86 EPS.

TrustCo Bank Corp NY Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, September 6th. This represents a $1.44 annualized dividend and a dividend yield of 4.29%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is 51.61%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of TrustCo Bank Corp NY from a “sell” rating to a “hold” rating in a research report on Monday, June 17th.

About TrustCo Bank Corp NY

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.