TrustCo Bank Corp NY (NASDAQ:TRST – Get Free Report) Director Lisa Lucarelli acquired 200 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average cost of $52.29 per share, with a total value of $10,458.00. Following the acquisition, the director directly owned 100 shares of the company’s stock, valued at $5,229. This trade represents a -200.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
TrustCo Bank Corp NY Trading Up 1.4%
Shares of TRST opened at $53.92 on Wednesday. TrustCo Bank Corp NY has a 12-month low of $30.52 and a 12-month high of $54.48. The firm has a 50-day moving average price of $48.19 and a 200 day moving average price of $45.12. The firm has a market capitalization of $942.52 million, a P/E ratio of 15.81 and a beta of 0.62.
TrustCo Bank Corp NY (NASDAQ:TRST – Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The bank reported $0.91 earnings per share (EPS) for the quarter. TrustCo Bank Corp NY had a net margin of 22.42% and a return on equity of 9.21%. The firm had revenue of $49.55 million during the quarter.
TrustCo Bank Corp NY Dividend Announcement
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of TRST. Cubist Systematic Strategies LLC lifted its position in TrustCo Bank Corp NY by 49.2% in the first quarter. Cubist Systematic Strategies LLC now owns 4,183 shares of the bank’s stock valued at $128,000 after buying an additional 1,380 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in TrustCo Bank Corp NY by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,036 shares of the bank’s stock valued at $336,000 after buying an additional 468 shares during the last quarter. Jane Street Group LLC acquired a new position in TrustCo Bank Corp NY in the first quarter valued at about $560,000. Intech Investment Management LLC lifted its position in TrustCo Bank Corp NY by 374.2% in the first quarter. Intech Investment Management LLC now owns 52,640 shares of the bank’s stock valued at $1,604,000 after buying an additional 41,540 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in TrustCo Bank Corp NY by 2,435.5% in the second quarter. EverSource Wealth Advisors LLC now owns 786 shares of the bank’s stock valued at $26,000 after buying an additional 755 shares during the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.
About TrustCo Bank Corp NY
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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