TrustCo Bank Corp NY (NASDAQ:TRST) Hits New 52-Week High – Here’s Why

Posted by Brian Himes on Jul 3rd, 2026

Shares of TrustCo Bank Corp NY (NASDAQ:TRST – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $55.82 and last traded at $55.4950, with a volume of 15581 shares changing hands. The stock had previously closed at $54.91.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of TrustCo Bank Corp NY in a research report on Monday, June 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

View Our Latest Research Report on TRST

TrustCo Bank Corp NY Trading Down 2.2%

The firm has a market capitalization of $953.36 million, a price-to-earnings ratio of 15.99 and a beta of 0.62. The stock’s fifty day moving average price is $51.02 and its two-hundred day moving average price is $46.43.

TrustCo Bank Corp NY (NASDAQ:TRST – Get Free Report) last issued its earnings results on Tuesday, April 21st. The bank reported $0.91 EPS for the quarter. The firm had revenue of $49.55 million during the quarter. TrustCo Bank Corp NY had a net margin of 22.42% and a return on equity of 9.21%.

TrustCo Bank Corp NY Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, June 5th. TrustCo Bank Corp NY’s dividend payout ratio is currently 44.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TRST. EverSource Wealth Advisors LLC lifted its stake in TrustCo Bank Corp NY by 2,435.5% during the second quarter. EverSource Wealth Advisors LLC now owns 786 shares of the bank’s stock worth $26,000 after purchasing an additional 755 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in TrustCo Bank Corp NY in the fourth quarter valued at approximately $46,000. Godfrey Financial Associates Inc. acquired a new stake in TrustCo Bank Corp NY during the fourth quarter worth approximately $56,000. Hantz Financial Services Inc. raised its holdings in TrustCo Bank Corp NY by 65.7% during the fourth quarter. Hantz Financial Services Inc. now owns 1,445 shares of the bank’s stock worth $60,000 after purchasing an additional 573 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position 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 worth $62,000 after buying an additional 555 shares during the last quarter. Hedge funds and other institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Company Profile

(Get Free Report)

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.