Y Intercept Hong Kong Ltd acquired a new stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,184 shares of the bank’s stock, valued at approximately $446,000. Y Intercept Hong Kong Ltd owned about 0.06% of TrustCo Bank Corp NY as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of 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 worth $26,000 after buying an additional 755 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in TrustCo Bank Corp NY during the fourth quarter worth about $46,000. Godfrey Financial Associates Inc. purchased a new position in TrustCo Bank Corp NY during the fourth quarter valued at approximately $56,000. Hantz Financial Services Inc. raised its position 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 valued at $60,000 after acquiring an additional 573 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in TrustCo Bank Corp NY by 48.4% in the third quarter. Russell Investments Group Ltd. now owns 1,701 shares of the bank’s stock valued at $62,000 after acquiring an additional 555 shares during the period. Institutional investors and hedge funds own 68.57% of the company’s stock.
TrustCo Bank Corp NY Stock Performance
TRST opened at $54.58 on Wednesday. The company has a fifty day moving average of $52.24 and a two-hundred day moving average of $47.07. The stock has a market capitalization of $954.06 million, a price-to-earnings ratio of 16.01 and a beta of 0.62. TrustCo Bank Corp NY has a fifty-two week low of $32.62 and a fifty-two week high of $56.67.
TrustCo Bank Corp NY Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 5th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.52 dividend on an annualized basis and a yield of 2.8%. TrustCo Bank Corp NY’s dividend payout ratio is presently 44.57%.
Analysts Set New Price Targets
Separately, Weiss Ratings restated 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, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.
Get Our Latest Report on TrustCo Bank Corp NY
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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