JPMorgan Chase & Co. increased its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 74.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,128 shares of the bank's stock after buying an additional 26,881 shares during the period. JPMorgan Chase & Co. owned 0.33% of TrustCo Bank Corp NY worth $2,088,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of TrustCo Bank Corp NY during the third quarter worth approximately $33,000. GAMMA Investing LLC grew its holdings in 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 purchasing an additional 410 shares during the period. CWM LLC grew its holdings in TrustCo Bank Corp NY by 36.0% during the third quarter. CWM LLC now owns 6,209 shares of the bank's stock valued at $205,000 after purchasing an additional 1,644 shares during the period. The Manufacturers Life Insurance Company acquired a new position in TrustCo Bank Corp NY during the second quarter valued at approximately $219,000. Finally, First Trust Direct Indexing L.P. acquired a new position in TrustCo Bank Corp NY during the third quarter valued at approximately $222,000. 68.57% of the stock is owned by institutional investors.
TrustCo Bank Corp NY Stock Down 3.0 %
NASDAQ TRST traded down $0.96 during trading on Wednesday, reaching $31.55. 103,521 shares of the stock traded hands, compared to its average volume of 92,940. The firm has a market cap of $599.77 million, a price-to-earnings ratio of 12.62 and a beta of 0.85. The stock's 50-day moving average price is $34.77 and its 200 day moving average price is $33.76. TrustCo Bank Corp NY has a fifty-two week low of $25.83 and a fifty-two week high of $38.89.
TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.59 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%.
TrustCo Bank Corp NY Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend was Friday, December 6th. TrustCo Bank Corp NY's dividend payout ratio (DPR) is presently 57.60%.
About TrustCo Bank Corp NY
(
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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