TrustCo Bank Corp NY (TRST) SVP Eric W. Schreck Sells 1,760 Shares

TrustCo Bank Corp NY (NASDAQ:TRST) SVP Eric W. Schreck sold 1,760 shares of TrustCo Bank Corp NY stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $8.66, for a total value of $15,241.60. Following the completion of the sale, the senior vice president now directly owns 90,277 shares of the company’s stock, valued at $781,798.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

TrustCo Bank Corp NY (NASDAQ:TRST) opened at $8.65 on Friday. TrustCo Bank Corp NY has a 12-month low of $7.25 and a 12-month high of $9.70. The stock has a market capitalization of $847.34, a price-to-earnings ratio of 19.22 and a beta of 1.11.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.13 earnings per share (EPS) for the quarter. TrustCo Bank Corp NY had a return on equity of 10.73% and a net margin of 23.03%. The business had revenue of $43.54 million for the quarter.

Several large investors have recently bought and sold shares of TRST. Schwab Charles Investment Management Inc. boosted its position in shares of TrustCo Bank Corp NY by 0.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 401,392 shares of the bank’s stock worth $3,111,000 after purchasing an additional 3,750 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of TrustCo Bank Corp NY by 1.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 683,307 shares of the bank’s stock worth $5,296,000 after purchasing an additional 8,514 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of TrustCo Bank Corp NY by 8.8% in the 2nd quarter. Wells Fargo & Company MN now owns 123,854 shares of the bank’s stock worth $960,000 after purchasing an additional 10,013 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of TrustCo Bank Corp NY by 5.6% in the 2nd quarter. Teachers Advisors LLC now owns 288,524 shares of the bank’s stock worth $2,236,000 after purchasing an additional 15,415 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of TrustCo Bank Corp NY by 1.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 375,000 shares of the bank’s stock worth $2,906,000 after purchasing an additional 4,489 shares during the last quarter. Institutional investors and hedge funds own 58.58% of the company’s stock.

Several equities research analysts have recently commented on the company. Canaccord Genuity lifted their target price on TrustCo Bank Corp NY from $7.25 to $9.50 in a research note on Monday, December 4th. BidaskClub cut TrustCo Bank Corp NY from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Sandler O’Neill set a $10.00 target price on TrustCo Bank Corp NY and gave the company a “hold” rating in a research note on Wednesday, January 3rd.

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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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