TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $32.58, but opened at $33.69. TrustCo Bank Corp NY shares last traded at $33.31, with a volume of 4,759 shares trading hands.
TrustCo Bank Corp NY Stock Up 2.7 %
The company has a market capitalization of $636.26 million, a PE ratio of 12.64 and a beta of 0.81. The business has a 50 day simple moving average of $33.21 and a 200 day simple moving average of $30.45.
TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.68 EPS for the quarter. The firm had revenue of $66.00 million during the quarter. TrustCo Bank Corp NY had a net margin of 19.22% and a return on equity of 7.65%. During the same period in the previous year, the business earned $0.77 earnings per share.
TrustCo Bank Corp NY Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Friday, September 6th. TrustCo Bank Corp NY's dividend payout ratio (DPR) is presently 55.60%.
Institutional Trading of TrustCo Bank Corp NY
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of TrustCo Bank Corp NY by 55.3% in the third quarter. GAMMA Investing LLC now owns 1,151 shares of the bank's stock valued at $38,000 after purchasing an additional 410 shares during the period. Allspring Global Investments Holdings LLC raised its position in TrustCo Bank Corp NY by 26.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,794 shares of the bank's stock worth $51,000 after buying an additional 378 shares during the last quarter. Meeder Asset Management Inc. raised its position in TrustCo Bank Corp NY by 577.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,942 shares of the bank's stock worth $85,000 after buying an additional 2,508 shares during the last quarter. CWM LLC lifted its stake in TrustCo Bank Corp NY by 547.5% during the 2nd quarter. CWM LLC now owns 4,565 shares of the bank's stock valued at $131,000 after acquiring an additional 3,860 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of TrustCo Bank Corp NY in the 2nd quarter valued at $219,000. Institutional investors and hedge funds own 68.57% of the company's stock.
TrustCo Bank Corp NY Company Profile
(
Get Free Report)
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.
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