TrustCo Bank Corp NY (NASDAQ:TRST) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 3.3% in the third quarter, Holdings Channel.com reports. The fund owned 170,371 shares of the bank’s stock after purchasing an additional 5,454 shares during the period. Charles Schwab Investment Management Inc.’s holdings in TrustCo Bank Corp NY were worth $5,634,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TRST. Capital Performance Advisors LLP acquired a new position in TrustCo Bank Corp NY in the 3rd quarter valued at about $33,000. GAMMA Investing LLC grew its holdings in TrustCo Bank Corp NY by 55.3% in the third quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock valued at $38,000 after purchasing an additional 410 shares during the period. Meeder Asset Management Inc. grew its stake in shares of TrustCo Bank Corp NY by 577.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,942 shares of the bank’s stock valued at $85,000 after buying an additional 2,508 shares during the period. CWM LLC boosted its position in TrustCo Bank Corp NY by 547.5% during the 2nd quarter. CWM LLC now owns 4,565 shares of the bank’s stock worth $131,000 after purchasing an additional 3,860 shares during the period. Finally, First Trust Direct Indexing L.P. acquired a new position in TrustCo Bank Corp NY during the 3rd quarter worth approximately $222,000. 68.57% of the stock is owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Trading Down 0.3 %

Shares of NASDAQ:TRST opened at $36.51 on Friday. The company has a fifty day simple moving average of $35.07 and a 200 day simple moving average of $32.57. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $38.89. The firm has a market cap of $694.06 million, a PE ratio of 14.60 and a beta of 0.83.

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

TrustCo Bank Corp NY Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, December 6th. This represents a $1.44 annualized dividend and a dividend yield of 3.94%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is 57.60%.

About TrustCo Bank Corp NY

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.