Royce & Associates LP Sells 39,272 Shares of TrustCo Bank Corp NY (NASDAQ:TRST)

Royce & Associates LP trimmed its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 13.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 260,256 shares of the bank’s stock after selling 39,272 shares during the quarter. Royce & Associates LP owned about 1.37% of TrustCo Bank Corp NY worth $8,607,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TRST. GAMMA Investing LLC increased its stake in TrustCo Bank Corp NY by 55.3% during the third quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock worth $38,000 after acquiring an additional 410 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in TrustCo Bank Corp NY by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,556 shares of the bank’s stock worth $354,000 after acquiring an additional 662 shares during the last quarter. Renaissance Technologies LLC increased its stake in TrustCo Bank Corp NY by 5.0% during the second quarter. Renaissance Technologies LLC now owns 19,486 shares of the bank’s stock worth $561,000 after acquiring an additional 927 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in TrustCo Bank Corp NY during the third quarter worth approximately $33,000. Finally, CWM LLC increased its stake in TrustCo Bank Corp NY by 36.0% during the third quarter. CWM LLC now owns 6,209 shares of the bank’s stock worth $205,000 after acquiring an additional 1,644 shares during the last quarter. 68.57% of the stock is owned by institutional investors.

TrustCo Bank Corp NY Price Performance

Shares of NASDAQ TRST opened at $36.66 on Monday. TrustCo Bank Corp NY has a 1-year low of $25.83 and a 1-year high of $37.84. The business’s 50 day moving average is $33.59 and its two-hundred day moving average is $31.51. The stock has a market capitalization of $696.91 million, a P/E ratio of 14.66 and a beta of 0.81.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its earnings results on Monday, October 21st. The bank reported $0.68 earnings per share (EPS) for the quarter. TrustCo Bank Corp NY had a return on equity of 7.24% and a net margin of 18.24%. The business had revenue of $66.00 million during the quarter. During the same quarter last year, the firm earned $0.77 EPS.

TrustCo Bank Corp NY Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.44 annualized dividend and a dividend yield of 3.93%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is presently 57.60%.

TrustCo Bank Corp NY Profile

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals and businesses. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities.