Hotchkis & Wiley Capital Management LLC Sells 28,500 Shares of TrustCo Bank Corp NY (NASDAQ:TRST)

Hotchkis & Wiley Capital Management LLC decreased its position in TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 8.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 300,472 shares of the bank's stock after selling 28,500 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 1.58% of TrustCo Bank Corp NY worth $9,937,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Verition Fund Management LLC lifted its position in shares of TrustCo Bank Corp NY by 35.2% during the 3rd quarter. Verition Fund Management LLC now owns 290,208 shares of the bank's stock valued at $9,597,000 after buying an additional 75,594 shares during the last quarter. Martingale Asset Management L P bought a new stake in TrustCo Bank Corp NY in the 3rd quarter valued at about $934,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 valued at $771,000 after purchasing an additional 5,248 shares during the last quarter. FMR LLC boosted its position in TrustCo Bank Corp NY by 225.6% during the third quarter. FMR LLC now owns 7,189 shares of the bank's stock worth $238,000 after purchasing an additional 4,981 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of TrustCo Bank Corp NY in the third quarter worth about $271,000. 68.57% of the stock is owned by institutional investors.

TrustCo Bank Corp NY Trading Down 0.9 %

Shares of NASDAQ TRST traded down $0.34 during midday trading on Thursday, hitting $36.54. The company's stock had a trading volume of 59,696 shares, compared to its average volume of 79,299. The firm has a market capitalization of $694.63 million, a price-to-earnings ratio of 14.75 and a beta of 0.83. The stock has a fifty day moving average price of $34.58 and a 200 day moving average price of $32.27. 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 issued its earnings results on Monday, October 21st. The bank reported $0.68 earnings per share (EPS) 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 for the quarter. During the same period in the previous year, the firm earned $0.77 EPS.

TrustCo Bank Corp NY Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.44 dividend on an annualized basis and a yield of 3.94%. TrustCo Bank Corp NY's dividend payout ratio (DPR) is 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.