TrustCo Bank Corp NY $TRST Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 22.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,108 shares of the bank’s stock after selling 21,104 shares during the period. State of New Jersey Common Pension Fund D’s holdings in TrustCo Bank Corp NY were worth $2,980,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TRST. Cubist Systematic Strategies LLC lifted its stake in TrustCo Bank Corp NY by 49.2% during the first quarter. Cubist Systematic Strategies LLC now owns 4,183 shares of the bank’s stock valued at $128,000 after purchasing an additional 1,380 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in TrustCo Bank Corp NY by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,036 shares of the bank’s stock valued at $336,000 after purchasing an additional 468 shares during the last quarter. Jane Street Group LLC acquired a new stake in TrustCo Bank Corp NY during the first quarter valued at approximately $560,000. Intech Investment Management LLC lifted its stake in TrustCo Bank Corp NY by 374.2% during the first quarter. Intech Investment Management LLC now owns 52,640 shares of the bank’s stock valued at $1,604,000 after purchasing an additional 41,540 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in TrustCo Bank Corp NY by 2,435.5% during the second quarter. EverSource Wealth Advisors LLC now owns 786 shares of the bank’s stock valued at $26,000 after purchasing an additional 755 shares during the last quarter. 68.57% of the stock is owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Stock Performance

Shares of NASDAQ:TRST opened at $48.08 on Wednesday. The company has a market cap of $841.88 million, a PE ratio of 14.10 and a beta of 0.60. TrustCo Bank Corp NY has a 52 week low of $30.17 and a 52 week high of $48.71. The firm has a 50 day simple moving average of $44.80 and a 200 day simple moving average of $42.96.

TrustCo Bank Corp NY Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 6th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, March 6th. TrustCo Bank Corp NY’s dividend payout ratio is 44.57%.

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.