Proficio Capital Partners LLC Invests $746,000 in TrustCo Bank Corp NY (NASDAQ:TRST)

Proficio Capital Partners LLC purchased a new stake in TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,384 shares of the bank's stock, valued at approximately $746,000. Proficio Capital Partners LLC owned approximately 0.12% of TrustCo Bank Corp NY at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Systematic Financial Management LP raised its holdings in 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 during the last quarter. Geode Capital Management LLC raised its holdings in shares of TrustCo Bank Corp NY by 1.4% in the third quarter. Geode Capital Management LLC now owns 442,783 shares of the bank's stock worth $14,646,000 after acquiring an additional 6,249 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of TrustCo Bank Corp NY by 35.2% in 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of TrustCo Bank Corp NY by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 170,371 shares of the bank's stock worth $5,634,000 after acquiring an additional 5,454 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of TrustCo Bank Corp NY by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 92,158 shares of the bank's stock worth $3,070,000 after acquiring an additional 2,569 shares during the last quarter. 68.57% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

TrustCo Bank Corp NY Trading Down 1.1 %

Shares of NASDAQ TRST traded down $0.34 during trading on Friday, reaching $31.05. The company had a trading volume of 76,919 shares, compared to its average volume of 83,496. TrustCo Bank Corp NY has a twelve month low of $25.83 and a twelve month high of $38.89. The stock has a market capitalization of $590.26 million, a PE ratio of 12.08 and a beta of 0.80. The stock has a 50-day moving average price of $32.47 and a two-hundred day moving average price of $33.75.

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

TrustCo Bank Corp NY Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Friday, March 7th. TrustCo Bank Corp NY's dividend payout ratio (DPR) is presently 56.03%.

About TrustCo Bank Corp NY

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.