TrustCo Bank Corp NY (NASDAQ:TRST) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 29.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 23,305 shares of the bank’s stock after purchasing an additional 5,248 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in TrustCo Bank Corp NY were worth $771,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in TrustCo Bank Corp NY by 8.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 243,227 shares of the bank’s stock valued at $6,998,000 after purchasing an additional 19,316 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of TrustCo Bank Corp NY by 270.4% in the second quarter. Acadian Asset Management LLC now owns 88,701 shares of the bank’s stock worth $2,550,000 after buying an additional 64,751 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of TrustCo Bank Corp NY by 46.0% in the second quarter. Texas Permanent School Fund Corp now owns 24,315 shares of the bank’s stock valued at $700,000 after buying an additional 7,665 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of TrustCo Bank Corp NY by 17.8% during the 2nd quarter. American Century Companies Inc. now owns 331,049 shares of the bank’s stock valued at $9,524,000 after buying an additional 50,106 shares during the period. Finally, Meeder Asset Management Inc. lifted 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 in the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

TrustCo Bank Corp NY Stock Down 2.2 %

NASDAQ TRST opened at $33.38 on Friday. TrustCo Bank Corp NY has a fifty-two week low of $25.83 and a fifty-two week high of $38.89. The business has a 50 day moving average price of $35.44 and a two-hundred day moving average price of $32.85. The stock has a market cap of $634.55 million, a PE ratio of 13.35 and a beta of 0.83.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its earnings results on Monday, October 21st. The bank reported $0.68 earnings per share for the quarter. TrustCo Bank Corp NY had a net margin of 18.24% and a return on equity of 7.24%. The business had revenue of $66.00 million during the quarter. During the same quarter last year, the company posted $0.77 earnings per share.

TrustCo Bank Corp NY Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, December 6th. This represents a $1.44 annualized dividend and a dividend yield of 4.31%. TrustCo Bank Corp NY’s dividend payout ratio is presently 57.60%.

TrustCo Bank Corp NY Profile

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.