Legal & General Group Plc raised its stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,379 shares of the bank’s stock after buying an additional 8,109 shares during the period. Legal & General Group Plc owned approximately 0.18% of TrustCo Bank Corp NY worth $1,338,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in TRST. Virginia Retirement Systems ET AL acquired a new stake in shares of TrustCo Bank Corp NY during the first quarter valued at approximately $100,000. PNC Financial Services Group Inc. raised its position in shares of TrustCo Bank Corp NY by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 12,740 shares of the bank’s stock valued at $100,000 after buying an additional 711 shares during the last quarter. Denver Investment Advisors LLC purchased a new position in shares of TrustCo Bank Corp NY during the first quarter valued at about $101,000. Hartford Investment Management Co. purchased a new position in shares of TrustCo Bank Corp NY during the first quarter valued at about $102,000. Finally, O Shaughnessy Asset Management LLC raised its position in TrustCo Bank Corp NY by 229.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 17,281 shares of the bank’s stock worth $136,000 after buying an additional 12,042 shares in the last quarter. Institutional investors own 57.17% of the company’s stock.
Shares of TrustCo Bank Corp NY (NASDAQ:TRST) traded up 0.65% during mid-day trading on Friday, hitting $7.80. The company had a trading volume of 1,764,829 shares. The firm has a 50-day moving average price of $7.89 and a 200-day moving average price of $7.91. TrustCo Bank Corp NY has a 52 week low of $6.60 and a 52 week high of $9.00. The firm has a market capitalization of $749.59 million, a PE ratio of 16.70 and a beta of 1.17.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be paid a $0.0656 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.26 annualized dividend and a dividend yield of 3.37%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is 56.52%.
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Separately, BidaskClub lowered TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th.
In other news, Director William D. Powers sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $8.00, for a total value of $160,000.00. Following the completion of the sale, the director now directly owns 90,651 shares in the company, valued at approximately $725,208. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.
About TrustCo Bank Corp NY
TrustCo Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. It operates through community banking segment. The Bank’s business consists of accepting deposits and making loans and investments.
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