28,247 Shares in TrustCo Bank Corp NY (NASDAQ:TRST) Acquired by Martingale Asset Management L P

Martingale Asset Management L P purchased a new position in TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,247 shares of the bank's stock, valued at approximately $934,000. Martingale Asset Management L P owned about 0.15% of TrustCo Bank Corp NY at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in TrustCo Bank Corp NY in the third quarter worth about $33,000. GAMMA Investing LLC lifted its position in shares of TrustCo Bank Corp NY by 55.3% during the third quarter. GAMMA Investing LLC now owns 1,151 shares of the bank's stock valued at $38,000 after buying an additional 410 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of TrustCo Bank Corp NY by 577.9% during the second quarter. Meeder Asset Management Inc. now owns 2,942 shares of the bank's stock valued at $85,000 after buying an additional 2,508 shares during the last quarter. CWM LLC lifted its position in shares of TrustCo Bank Corp NY by 547.5% during the second quarter. CWM LLC now owns 4,565 shares of the bank's stock valued at $131,000 after buying an additional 3,860 shares during the last quarter. Finally, First Trust Direct Indexing L.P. purchased a new stake in shares of TrustCo Bank Corp NY during the third quarter valued at about $222,000. 68.57% of the stock is currently owned by institutional investors.

TrustCo Bank Corp NY Price Performance

Shares of TRST stock traded down $0.73 during mid-day trading on Tuesday, hitting $36.50. 99,616 shares of the stock traded hands, compared to its average volume of 79,316. The stock has a market cap of $693.87 million, a P/E ratio of 14.59 and a beta of 0.83. The stock's fifty day moving average is $34.43 and its two-hundred day moving average is $32.19. TrustCo Bank Corp NY has a 52-week low of $25.83 and a 52-week high of $38.89.

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

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 given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, December 6th. TrustCo Bank Corp NY's payout ratio is currently 57.60%.

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.