TrustCo Bank Corp NY (NASDAQ:TRST) Director Purchases 200 Shares

TrustCo Bank Corp NY (NASDAQ:TRST) Director Lisa Lucarelli acquired 200 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were bought at an average cost of $52.29 per share, with a total value of $10,458.00. Following the purchase, the director owned 100 shares in the company, valued at approximately $5,229. The trade was a -200.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

TrustCo Bank Corp NY Stock Performance

TrustCo Bank Corp NY stock traded up $0.90 during midday trading on Monday, reaching $53.43. The stock had a trading volume of 66,436 shares, compared to its average volume of 112,416. TrustCo Bank Corp NY has a twelve month low of $30.52 and a twelve month high of $53.65. The stock’s 50-day simple moving average is $47.77 and its 200 day simple moving average is $44.92. The stock has a market capitalization of $933.87 million, a PE ratio of 15.67 and a beta of 0.62.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Tuesday, April 21st. The bank reported $0.91 EPS for the quarter. TrustCo Bank Corp NY had a net margin of 22.42% and a return on equity of 9.21%. The business had revenue of $49.55 million for the quarter.

TrustCo Bank Corp NY Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 5th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.52 annualized dividend and a dividend yield of 2.8%. TrustCo Bank Corp NY’s dividend payout ratio is presently 44.57%.

Hedge Funds Weigh In On TrustCo Bank Corp NY

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in TrustCo Bank Corp NY by 2,435.5% in the second quarter. EverSource Wealth Advisors LLC now owns 786 shares of the bank’s stock valued at $26,000 after acquiring an additional 755 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in TrustCo Bank Corp NY by 108.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 872 shares of the bank’s stock worth $32,000 after buying an additional 453 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of TrustCo Bank Corp NY during the fourth quarter valued at about $46,000. Godfrey Financial Associates Inc. purchased a new stake in shares of TrustCo Bank Corp NY during the fourth quarter worth about $56,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of TrustCo Bank Corp NY by 48.4% in the third quarter. Russell Investments Group Ltd. now owns 1,701 shares of the bank’s stock worth $62,000 after acquiring an additional 555 shares in the last quarter. 68.57% of the stock is owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Company 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.