TrustCo Bank Corp NY (TRST) Stake Decreased by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans decreased its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 0.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 657,642 shares of the bank’s stock after selling 330 shares during the period. Thrivent Financial For Lutherans’ holdings in TrustCo Bank Corp NY were worth $5,163,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of TrustCo Bank Corp NY by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,969,067 shares of the bank’s stock worth $43,479,000 after buying an additional 153,721 shares in the last quarter. State Street Corp raised its position in shares of TrustCo Bank Corp NY by 12.8% in the fourth quarter. State Street Corp now owns 2,202,641 shares of the bank’s stock worth $19,280,000 after buying an additional 249,290 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of TrustCo Bank Corp NY by 11.9% in the first quarter. Bank of New York Mellon Corp now owns 1,452,245 shares of the bank’s stock worth $11,399,000 after buying an additional 154,057 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of TrustCo Bank Corp NY by 4.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,230,700 shares of the bank’s stock worth $10,769,000 after buying an additional 50,300 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of TrustCo Bank Corp NY during the fourth quarter worth $6,857,000. 58.84% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of TrustCo Bank Corp NY (TRST) traded down 0.329% during trading on Thursday, reaching $7.575. The company’s stock had a trading volume of 53,515 shares. The company has a market cap of $727.18 million, a PE ratio of 16.833 and a beta of 1.17. TrustCo Bank Corp NY has a 12-month low of $6.00 and a 12-month high of $9.00. The company has a 50 day moving average of $7.74 and a 200 day moving average of $8.12.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings data on Friday, April 21st. The bank reported $0.11 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. TrustCo Bank Corp NY had a return on equity of 9.93% and a net margin of 23.76%. The business had revenue of $42.13 million for the quarter. During the same quarter in the previous year, the firm earned $0.11 earnings per share. On average, analysts anticipate that TrustCo Bank Corp NY will post $0.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 2nd will be given a $0.0656 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.26 annualized dividend and a dividend yield of 3.45%. TrustCo Bank Corp NY’s payout ratio is 59.09%.

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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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