TrustCo Bank Corp NY (NASDAQ:TRST) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lowered its position in shares of TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 67.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 39,032 shares of the bank's stock after selling 82,003 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.21% of TrustCo Bank Corp NY worth $1,300,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRST. Systematic Financial Management LP lifted its stake 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 purchasing an additional 161,001 shares in the last quarter. JPMorgan Chase & Co. lifted its position in TrustCo Bank Corp NY by 69.5% during the 4th quarter. JPMorgan Chase & Co. now owns 107,008 shares of the bank's stock worth $3,564,000 after acquiring an additional 43,880 shares in the last quarter. American Century Companies Inc. lifted its position in TrustCo Bank Corp NY by 9.5% during the 4th quarter. American Century Companies Inc. now owns 407,703 shares of the bank's stock worth $13,581,000 after acquiring an additional 35,343 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in TrustCo Bank Corp NY in the 4th quarter worth approximately $746,000. Finally, Barclays PLC grew its position 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 acquiring an additional 21,633 shares in the last quarter. Institutional investors and hedge funds own 68.57% of the company's stock.

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TrustCo Bank Corp NY Stock Down 0.7 %

Shares of TRST traded down $0.19 during mid-day trading on Monday, reaching $28.17. 135,992 shares of the stock traded hands, compared to its average volume of 84,015. The firm has a market cap of $535.79 million, a price-to-earnings ratio of 10.96 and a beta of 0.71. The stock has a fifty day simple moving average of $31.63 and a 200 day simple moving average of $33.23. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $38.89.

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

TrustCo Bank Corp NY Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.11%. The ex-dividend date was Friday, March 7th. TrustCo Bank Corp NY's dividend payout ratio (DPR) is currently 56.03%.

TrustCo Bank Corp NY declared that its Board of Directors has approved a stock repurchase program on Tuesday, March 18th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

TrustCo Bank Corp NY Company 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.