American Century Companies Inc. Has $13.58 Million Holdings in TrustCo Bank Corp NY (NASDAQ:TRST)

American Century Companies Inc. grew its stake in TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 407,703 shares of the bank's stock after buying an additional 35,343 shares during the period. American Century Companies Inc. owned 2.14% of TrustCo Bank Corp NY worth $13,581,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of TrustCo Bank Corp NY by 74.2% in the third quarter. JPMorgan Chase & Co. now owns 63,128 shares of the bank's stock worth $2,088,000 after buying an additional 26,881 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in TrustCo Bank Corp NY by 29.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 23,305 shares of the bank's stock worth $771,000 after purchasing an additional 5,248 shares during the period. Principal Financial Group Inc. lifted its holdings in TrustCo Bank Corp NY by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 92,158 shares of the bank's stock worth $3,070,000 after buying an additional 2,569 shares in the last quarter. Barclays PLC boosted its holdings in TrustCo Bank Corp NY by 134.4% in the third quarter. Barclays PLC now owns 37,729 shares of the bank's stock valued at $1,247,000 after purchasing an additional 21,633 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of TrustCo Bank Corp NY in the 4th quarter valued at about $746,000. Hedge funds and other institutional investors own 68.57% of the company's stock.

TrustCo Bank Corp NY Price Performance

Shares of TRST traded down $0.32 during mid-day trading on Friday, reaching $28.36. The company's stock had a trading volume of 182,073 shares, compared to its average volume of 83,807. The company's 50 day moving average is $31.72 and its 200 day moving average is $33.27. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $38.89. The stock has a market cap of $539.41 million, a PE ratio of 11.04 and a beta of 0.71.

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.59 EPS for the quarter. TrustCo Bank Corp NY had a return on equity of 7.37% and a net margin of 18.56%.

TrustCo Bank Corp NY Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Friday, March 7th. TrustCo Bank Corp NY's dividend payout ratio (DPR) is 56.03%.

TrustCo Bank Corp NY declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 18th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

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.