Northern Trust Corp boosted its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,429,103 shares of the bank’s stock after acquiring an additional 16,232 shares during the quarter. Northern Trust Corp owned approximately 1.49% of TrustCo Bank Corp NY worth $11,075,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of TRST. BlackRock Inc. raised its position in TrustCo Bank Corp NY by 42,492.2% during the first quarter. BlackRock Inc. now owns 11,674,526 shares of the bank’s stock valued at $91,644,000 after acquiring an additional 11,647,116 shares in the last quarter. Vanguard Group Inc. raised its position in TrustCo Bank Corp NY by 5.9% during the first quarter. Vanguard Group Inc. now owns 5,185,647 shares of the bank’s stock valued at $40,708,000 after acquiring an additional 291,144 shares in the last quarter. Dimensional Fund Advisors LP raised its position in TrustCo Bank Corp NY by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,190,254 shares of the bank’s stock valued at $40,744,000 after acquiring an additional 221,187 shares in the last quarter. AQR Capital Management LLC raised its position in TrustCo Bank Corp NY by 106.7% during the first quarter. AQR Capital Management LLC now owns 369,398 shares of the bank’s stock valued at $2,900,000 after acquiring an additional 190,680 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in TrustCo Bank Corp NY by 18.9% during the second quarter. Ameriprise Financial Inc. now owns 722,942 shares of the bank’s stock valued at $5,604,000 after acquiring an additional 115,088 shares in the last quarter. 57.69% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on TRST. BidaskClub lowered shares of TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Canaccord Genuity reaffirmed a “speculative buy” rating and set a $7.25 price objective on shares of TrustCo Bank Corp NY in a research report on Wednesday, October 18th.
In other TrustCo Bank Corp NY news, Director William D. Powers sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $8.00, for a total transaction of $160,000.00. Following the transaction, the director now owns 90,651 shares in the company, valued at $725,208. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.
TrustCo Bank Corp NY (NASDAQ:TRST) opened at $8.95 on Monday. The firm has a market cap of $860.17, a P/E ratio of 18.65 and a beta of 1.20. TrustCo Bank Corp NY has a 52-week low of $6.60 and a 52-week high of $9.30.
TrustCo Bank Corp NY (NASDAQ:TRST) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $44.03 million for the quarter. TrustCo Bank Corp NY had a net margin of 25.16% and a return on equity of 10.51%. During the same period in the previous year, the business posted $0.11 EPS.
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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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