Y Intercept Hong Kong Ltd Has $366,000 Stake in TrustCo Bank Corp NY (NASDAQ:TRST)

Y Intercept Hong Kong Ltd increased its stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 33.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,063 shares of the bank’s stock after purchasing an additional 2,770 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.06% of TrustCo Bank Corp NY worth $366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TRST. Bank of New York Mellon Corp increased its stake in shares of TrustCo Bank Corp NY by 8.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 243,227 shares of the bank’s stock valued at $6,998,000 after buying an additional 19,316 shares during the period. Acadian Asset Management LLC lifted its position in TrustCo Bank Corp NY by 270.4% during the 2nd quarter. Acadian Asset Management LLC now owns 88,701 shares of the bank’s stock valued at $2,550,000 after purchasing an additional 64,751 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of TrustCo Bank Corp NY by 46.0% in the 2nd quarter. Texas Permanent School Fund Corp now owns 24,315 shares of the bank’s stock valued at $700,000 after purchasing an additional 7,665 shares during the last quarter. American Century Companies Inc. grew its position in shares of TrustCo Bank Corp NY by 17.8% during the 2nd quarter. American Century Companies Inc. now owns 331,049 shares of the bank’s stock worth $9,524,000 after buying an additional 50,106 shares during the period. Finally, Meeder Asset Management Inc. raised its stake in shares of TrustCo Bank Corp NY by 577.9% during the second quarter. Meeder Asset Management Inc. now owns 2,942 shares of the bank’s stock worth $85,000 after buying an additional 2,508 shares during the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

TrustCo Bank Corp NY Stock Performance

Shares of TRST stock opened at $37.80 on Tuesday. The firm’s 50 day moving average price is $35.27 and its two-hundred day moving average price is $32.77. TrustCo Bank Corp NY has a 52-week low of $25.83 and a 52-week high of $38.89. The stock has a market cap of $718.58 million, a PE ratio of 15.12 and a beta of 0.83.

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

TrustCo Bank Corp NY Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Friday, December 6th. TrustCo Bank Corp NY’s dividend payout ratio is currently 57.60%.

TrustCo Bank Corp NY Company 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.