UBS Group AG grew its position in shares of TrustCo Bank Corp NY (NASDAQ:TRST – Free Report) by 88.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,142 shares of the bank’s stock after purchasing an additional 73,718 shares during the quarter. UBS Group AG owned approximately 0.85% of TrustCo Bank Corp NY worth $6,495,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of TrustCo Bank Corp NY by 2,435.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 786 shares of the bank’s stock valued at $26,000 after purchasing an additional 755 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of TrustCo Bank Corp NY by 108.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 872 shares of the bank’s stock valued at $32,000 after purchasing an additional 453 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of TrustCo Bank Corp NY by 48.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,701 shares of the bank’s stock valued at $62,000 after purchasing an additional 555 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of TrustCo Bank Corp NY by 11.4% during the 4th quarter. GAMMA Investing LLC now owns 2,577 shares of the bank’s stock valued at $107,000 after purchasing an additional 264 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of TrustCo Bank Corp NY by 49.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 4,183 shares of the bank’s stock valued at $128,000 after purchasing an additional 1,380 shares in the last quarter. 68.57% of the stock is owned by hedge funds and other institutional investors.
TrustCo Bank Corp NY Price Performance
NASDAQ:TRST opened at $49.31 on Wednesday. The firm has a market cap of $861.94 million, a price-to-earnings ratio of 14.46 and a beta of 0.60. The company has a 50 day moving average price of $45.70 and a 200-day moving average price of $43.80. TrustCo Bank Corp NY has a 1-year low of $30.17 and a 1-year high of $49.56.
TrustCo Bank Corp NY Profile
TrustCo Bank Corp. NY (NASDAQ: TRST) is a bank holding company headquartered in Glens Falls, New York, that provides a full suite of community banking and financial services primarily across upstate New York and western Massachusetts. Through its wholly owned subsidiary, Trustco Bank, the company offers deposit products such as checking and savings accounts, as well as consumer, residential mortgage, and commercial lending solutions. Additional services include wealth management, trust administration, and insurance products tailored to the needs of individuals, businesses and nonprofit organizations.
Founded in 1902 as the Glens Falls Trust Company, TrustCo Bank has grown steadily through organic branch expansion and acquisitions of locally based banks.
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