Barclays PLC Purchases 21,633 Shares of TrustCo Bank Corp NY (NASDAQ:TRST)

Barclays PLC increased its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 134.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 37,729 shares of the bank's stock after acquiring an additional 21,633 shares during the period. Barclays PLC owned about 0.20% of TrustCo Bank Corp NY worth $1,247,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TRST. Geode Capital Management LLC boosted its stake in shares of TrustCo Bank Corp NY by 1.4% during the third quarter. Geode Capital Management LLC now owns 442,783 shares of the bank's stock valued at $14,646,000 after purchasing an additional 6,249 shares during the period. Y Intercept Hong Kong Ltd boosted its position in TrustCo Bank Corp NY by 33.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 11,063 shares of the bank's stock valued at $366,000 after buying an additional 2,770 shares during the period. Jane Street Group LLC grew its stake in TrustCo Bank Corp NY by 69.6% in the 3rd quarter. Jane Street Group LLC now owns 33,830 shares of the bank's stock worth $1,119,000 after acquiring an additional 13,878 shares in the last quarter. Systematic Financial Management LP increased its position in shares of TrustCo Bank Corp NY by 17.0% during 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 during the period. Finally, Verition Fund Management LLC increased 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 acquiring an additional 75,594 shares during the period. Hedge funds and other institutional investors own 68.57% of the company's stock.

TrustCo Bank Corp NY Stock Up 2.6 %

NASDAQ:TRST traded up $0.82 during midday trading on Tuesday, hitting $31.79. The stock had a trading volume of 91,785 shares, compared to its average volume of 92,073. The stock has a 50-day moving average of $35.24 and a 200 day moving average of $33.60. The company has a market capitalization of $604.33 million, a price-to-earnings ratio of 12.72 and a beta of 0.85. TrustCo Bank Corp NY has a one year low of $25.83 and a one year high of $38.89.

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The bank reported $0.68 EPS for the quarter. TrustCo Bank Corp NY had a return on equity of 7.24% and a net margin of 18.24%. The firm had revenue of $66.00 million for the quarter. During the same quarter in the prior year, the business posted $0.77 EPS.

TrustCo Bank Corp NY Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were given a $0.36 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.44 annualized dividend and a dividend yield of 4.53%. TrustCo Bank Corp NY's 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.