Barclays PLC Boosts Stake in TrustCo Bank Corp NY (NASDAQ:TRST)

Barclays PLC grew its position in shares of TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 134.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,729 shares of the bank's stock after purchasing an additional 21,633 shares during the quarter. Barclays PLC owned approximately 0.20% of TrustCo Bank Corp NY worth $1,247,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TRST. Dimensional Fund Advisors LP boosted its position in 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 buying an additional 11,096 shares during the period. Systematic Financial Management LP lifted its stake in shares of TrustCo Bank Corp NY by 17.0% in the 3rd quarter. Systematic Financial Management LP now owns 1,109,561 shares of the bank's stock valued at $36,693,000 after acquiring an additional 161,001 shares during the last quarter. American Century Companies Inc. boosted its holdings in TrustCo Bank Corp NY by 17.8% during the 2nd quarter. American Century Companies Inc. now owns 331,049 shares of the bank's stock valued at $9,524,000 after acquiring an additional 50,106 shares during the period. 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 acquiring an additional 73,250 shares during the last quarter. Finally, Verition Fund Management LLC grew its position in TrustCo Bank Corp NY by 35.2% during the 3rd 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. 68.57% of the stock is owned by hedge funds and other institutional investors.

TrustCo Bank Corp NY Trading Down 0.4 %

TRST stock traded down $0.14 during midday trading on Monday, hitting $33.28. The company had a trading volume of 45,560 shares, compared to its average volume of 82,152. The stock has a market cap of $632.65 million, a price-to-earnings ratio of 13.31 and a beta of 0.83. TrustCo Bank Corp NY has a 52 week low of $25.83 and a 52 week high of $38.89. The stock's 50 day moving average price is $35.43 and its 200 day moving average price is $33.20.

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last issued its earnings results on Monday, October 21st. The bank reported $0.68 EPS for the quarter. The company had revenue of $66.00 million for 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 firm earned $0.77 earnings per share.

TrustCo Bank Corp NY Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.33%. 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.