Royce & Associates LP Decreases Position in TrustCo Bank Corp NY (TRST)

Royce & Associates LP decreased its stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 26.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,029,914 shares of the company’s stock after selling 2,156,372 shares during the period. Royce & Associates LP owned about 0.06% of TrustCo Bank Corp NY worth $52,762,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TRST. Principal Financial Group Inc. raised its position in shares of TrustCo Bank Corp NY by 4.3% in the second quarter. Principal Financial Group Inc. now owns 700,804 shares of the company’s stock valued at $4,493,000 after buying an additional 28,971 shares during the period. Acadian Asset Management LLC raised its position in shares of TrustCo Bank Corp NY by 20.4% in the third quarter. Acadian Asset Management LLC now owns 687,964 shares of the company’s stock valued at $4,877,000 after buying an additional 116,362 shares during the period. JPMorgan Chase & Co. raised its position in shares of TrustCo Bank Corp NY by 423.1% in the third quarter. JPMorgan Chase & Co. now owns 534,993 shares of the company’s stock valued at $3,793,000 after buying an additional 432,712 shares during the period. Swiss National Bank raised its position in shares of TrustCo Bank Corp NY by 1.4% in the third quarter. Swiss National Bank now owns 147,400 shares of the company’s stock valued at $1,045,000 after buying an additional 2,000 shares during the period. Finally, BlackRock Fund Advisors raised its position in shares of TrustCo Bank Corp NY by 8.8% in the third quarter. BlackRock Fund Advisors now owns 6,648,429 shares of the company’s stock valued at $47,137,000 after buying an additional 538,845 shares during the period. Institutional investors and hedge funds own 57.06% of the company’s stock.

Institutional Ownership by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)

Shares of TrustCo Bank Corp NY (NASDAQ:TRST) traded up 1.20% on Tuesday, hitting $8.45. The company’s stock had a trading volume of 278,948 shares. The stock has a 50-day moving average price of $8.48 and a 200 day moving average price of $7.68. The firm has a market cap of $809.33 million, a price-to-earnings ratio of 18.99 and a beta of 1.12. TrustCo Bank Corp NY has a one year low of $5.44 and a one year high of $9.00.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its earnings results on Monday, January 23rd. The company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. TrustCo Bank Corp NY had a net margin of 23.62% and a return on equity of 9.90%. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities research analysts predict that TrustCo Bank Corp NY will post $0.45 EPS for the current year.

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TrustCo Bank Corp NY Company Profile

Trustco Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Company operates through the community banking segment. The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations.

5 Day Chart for NASDAQ:TRST

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