TrustCo Bank Corp NY (NASDAQ:TRST) Stake Raised by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in TrustCo Bank Corp NY (NASDAQ:TRST) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,892 shares of the bank’s stock after acquiring an additional 6,504 shares during the period. State of New Jersey Common Pension Fund D’s holdings in TrustCo Bank Corp NY were worth $2,495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRST. First Trust Direct Indexing L.P. purchased a new stake in shares of TrustCo Bank Corp NY during the 3rd quarter worth about $222,000. Capital Performance Advisors LLP purchased a new stake in shares of TrustCo Bank Corp NY during the 3rd quarter worth about $33,000. Empowered Funds LLC raised its stake in shares of TrustCo Bank Corp NY by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 71,616 shares of the bank’s stock worth $2,368,000 after purchasing an additional 3,618 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of TrustCo Bank Corp NY during the 3rd quarter worth about $596,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of TrustCo Bank Corp NY by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 170,371 shares of the bank’s stock worth $5,634,000 after purchasing an additional 5,454 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

TRST opened at $33.17 on Friday. TrustCo Bank Corp NY has a fifty-two week low of $25.83 and a fifty-two week high of $38.89. The business has a 50-day moving average of $32.98 and a 200-day moving average of $33.75. The company has a market capitalization of $630.56 million, a PE ratio of 12.91 and a beta of 0.84.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.59 earnings per share for the quarter. TrustCo Bank Corp NY had a return on equity of 7.37% and a net margin of 18.56%.

TrustCo Bank Corp NY Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Friday, March 7th. TrustCo Bank Corp NY’s payout ratio is 56.03%.

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.