Royce & Associates LP Lowers Stake in TrustCo Bank Corp NY (NASDAQ:TRST)

Royce & Associates LP reduced its position in TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 13.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 260,256 shares of the bank's stock after selling 39,272 shares during the period. Royce & Associates LP owned 1.37% of TrustCo Bank Corp NY worth $8,607,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in TrustCo Bank Corp NY by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,325,803 shares of the bank's stock valued at $37,335,000 after buying an additional 14,183 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of TrustCo Bank Corp NY by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,202,262 shares of the bank's stock valued at $34,588,000 after acquiring an additional 11,096 shares in the last quarter. Systematic Financial Management LP raised its position in shares of TrustCo Bank Corp NY by 0.7% in the 2nd quarter. Systematic Financial Management LP now owns 948,560 shares of the bank's stock valued at $27,290,000 after purchasing an additional 6,839 shares during the last quarter. American Century Companies Inc. boosted its stake in TrustCo Bank Corp NY by 17.8% in the 2nd quarter. American Century Companies Inc. now owns 331,049 shares of the bank's stock worth $9,524,000 after purchasing an additional 50,106 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in TrustCo Bank Corp NY by 31.7% during the 2nd quarter. AQR Capital Management LLC now owns 304,658 shares of the bank's stock worth $8,765,000 after purchasing an additional 73,250 shares during the last quarter. Hedge funds and other institutional investors own 68.57% of the company's stock.

TrustCo Bank Corp NY Trading Down 0.8 %

Shares of NASDAQ TRST traded down $0.30 during midday trading on Monday, reaching $36.36. The company had a trading volume of 44,354 shares, compared to its average volume of 79,688. TrustCo Bank Corp NY has a 1 year low of $25.83 and a 1 year high of $37.84. The business's 50-day simple moving average is $33.59 and its 200 day simple moving average is $31.51. The stock has a market cap of $691.20 million, a P/E ratio of 14.66 and a beta of 0.81.

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. The company had revenue of $66.00 million during the quarter. TrustCo Bank Corp NY had a return on equity of 7.24% and a net margin of 18.24%. During the same quarter last year, the business earned $0.77 EPS.

TrustCo Bank Corp NY Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a $0.36 dividend. The ex-dividend date was Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a yield of 3.96%. TrustCo Bank Corp NY's dividend payout ratio is currently 57.60%.

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.