The Capstone Asset Management Co. Cuts Stake in TrustCo Bank Corp. NY (TRST)

The Capstone Asset Management Co. Cuts Stake in TrustCo Bank Corp. NY (TRST)

Capstone Asset Management Co. decreased its position in TrustCo Bank Corp. NY (NASDAQ:TRST) by 3.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,420 shares of the company’s stock after selling 820 shares during the period. Capstone Asset Management Co.’s holdings in TrustCo Bank Corp. NY were worth $152,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in TRST. BlackRock Fund Advisors boosted its position in TrustCo Bank Corp. NY by 2.5% in the second quarter. BlackRock Fund Advisors now owns 6,109,584 shares of the company’s stock worth $39,162,000 after buying an additional 148,485 shares during the period. Dimensional Fund Advisors LP boosted its position in TrustCo Bank Corp. NY by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,689,027 shares of the company’s stock worth $30,056,000 after buying an additional 198,710 shares during the period. Vanguard Group Inc. boosted its position in TrustCo Bank Corp. NY by 5.5% in the second quarter. Vanguard Group Inc. now owns 4,534,551 shares of the company’s stock worth $29,066,000 after buying an additional 235,368 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in TrustCo Bank Corp. NY by 3.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,768,731 shares of the company’s stock worth $16,779,000 after buying an additional 89,787 shares during the period. Finally, State Street Corp boosted its position in TrustCo Bank Corp. NY by 1.7% in the second quarter. State Street Corp now owns 1,883,601 shares of the company’s stock worth $12,075,000 after buying an additional 30,644 shares during the period. Hedge funds and other institutional investors own 55.55% of the company’s stock.

TrustCo Bank Corp. NY (NASDAQ:TRST) opened at 6.93 on Friday. TrustCo Bank Corp. NY has a 1-year low of $5.17 and a 1-year high of $7.25. The stock’s 50 day moving average is $7.08 and its 200-day moving average is $6.61. The firm has a market capitalization of $662.50 million, a P/E ratio of 15.86 and a beta of 1.01.

TrustCo Bank Corp. NY (NASDAQ:TRST) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.00. TrustCo Bank Corp. NY had a return on equity of 9.93% and a net margin of 23.27%. During the same quarter last year, the business posted $0.11 EPS. Analysts forecast that TrustCo Bank Corp. NY will post $0.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd were issued a dividend of $0.0656 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.79%. TrustCo Bank Corp. NY’s dividend payout ratio (DPR) is presently 59.09%.

About TrustCo Bank Corp. NY

Trustco Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Company operates through the community banking segment. The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations.

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