Geode Capital Management LLC Has $14.65 Million Stake in TrustCo Bank Corp NY (NASDAQ:TRST)

Geode Capital Management LLC grew its holdings in TrustCo Bank Corp NY (NASDAQ:TRST) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 442,783 shares of the bank’s stock after acquiring an additional 6,249 shares during the quarter. Geode Capital Management LLC’s holdings in TrustCo Bank Corp NY were worth $14,646,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in shares of TrustCo Bank Corp NY by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,202,262 shares of the bank’s stock worth $34,588,000 after acquiring an additional 11,096 shares in the last quarter. Systematic Financial Management LP increased its holdings in shares of TrustCo Bank Corp NY by 17.0% in the third quarter. Systematic Financial Management LP now owns 1,109,561 shares of the bank’s stock worth $36,693,000 after acquiring an additional 161,001 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of TrustCo Bank Corp NY by 17.8% in the second quarter. American Century Companies Inc. now owns 331,049 shares of the bank’s stock worth $9,524,000 after acquiring an additional 50,106 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of TrustCo Bank Corp NY by 31.7% during the second quarter. AQR Capital Management LLC now owns 304,658 shares of the bank’s stock worth $8,765,000 after buying an additional 73,250 shares during the period. Finally, Verition Fund Management LLC boosted its position in shares of TrustCo Bank Corp NY by 35.2% during the third quarter. Verition Fund Management LLC now owns 290,208 shares of the bank’s stock worth $9,597,000 after buying an additional 75,594 shares during the period. 68.57% of the stock is currently owned by institutional investors.

TrustCo Bank Corp NY Price Performance

TRST stock opened at $33.28 on Tuesday. The stock has a market capitalization of $632.65 million, a P/E ratio of 13.31 and a beta of 0.83. The business has a 50-day moving average of $35.43 and a 200-day moving average of $33.20. TrustCo Bank Corp NY has a fifty-two week low of $25.83 and a fifty-two week high of $38.89.

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

TrustCo Bank Corp NY Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.44 annualized dividend and a dividend yield of 4.33%. TrustCo Bank Corp NY’s dividend payout ratio is currently 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.