AlphaQuest LLC Acquires New Position in TrustCo Bank Corp NY (NASDAQ:TRST)

AlphaQuest LLC acquired a new stake in TrustCo Bank Corp NY (NASDAQ:TRST) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,539 shares of the bank’s stock, valued at approximately $218,000.

Several other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in TrustCo Bank Corp NY by 263.7% in the fourth quarter. Versant Capital Management Inc now owns 942 shares of the bank’s stock worth $31,000 after purchasing an additional 683 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of TrustCo Bank Corp NY during the fourth quarter worth $29,000. Principal Financial Group Inc. increased its position in shares of TrustCo Bank Corp NY by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 92,158 shares of the bank’s stock worth $3,070,000 after acquiring an additional 2,569 shares in the last quarter. R Squared Ltd bought a new stake in shares of TrustCo Bank Corp NY during the fourth quarter worth $91,000. Finally, Y Intercept Hong Kong Ltd increased its position in shares of TrustCo Bank Corp NY by 33.4% during the third quarter. Y Intercept Hong Kong Ltd now owns 11,063 shares of the bank’s stock worth $366,000 after acquiring an additional 2,770 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Stock Up 2.5 %

Shares of TRST stock opened at $30.38 on Monday. The firm has a fifty day moving average of $32.16 and a 200-day moving average of $33.61. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $38.89. The company has a market capitalization of $577.52 million, a price-to-earnings ratio of 11.82 and a beta of 0.80.

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

TrustCo Bank Corp NY Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Friday, March 7th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is currently 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.