Today: The Quantitative Systematic Strategies LLC cuts position of TrustCo Bank Corp. NY (TRST)

The Quantitative Systematic Strategies LLC cuts position of TrustCo Bank Corp. NY (TRST)

Quantitative Systematic Strategies LLC decreased its position in TrustCo Bank Corp. NY (NASDAQ:TRST) by 25.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,077 shares of the company’s stock after selling 11,311 shares during the period. Quantitative Systematic Strategies LLC’s holdings in TrustCo Bank Corp. NY were worth $206,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in shares of TrustCo Bank Corp. NY by 112.2% in the second quarter. BNP Paribas Arbitrage SA now owns 29,656 shares of the company’s stock worth $190,000 after buying an additional 15,681 shares during the last quarter. Royal Bank of Canada raised its position in TrustCo Bank Corp. NY by 4.7% in the first quarter. Royal Bank of Canada now owns 61,086 shares of the company’s stock valued at $371,000 after buying an additional 2,728 shares in the last quarter. Aperio Group LLC raised its position in TrustCo Bank Corp. NY by 144.0% in the first quarter. Aperio Group LLC now owns 69,092 shares of the company’s stock valued at $419,000 after buying an additional 40,774 shares in the last quarter. Spark Investment Management LLC purchased a new position in TrustCo Bank Corp. NY during the first quarter valued at $504,000. Finally, UBS Group AG raised its position in TrustCo Bank Corp. NY by 6.1% in the first quarter. UBS Group AG now owns 88,546 shares of the company’s stock valued at $536,000 after buying an additional 5,112 shares in the last quarter. Hedge funds and other institutional investors own 55.53% of the company’s stock.

TrustCo Bank Corp. NY (NASDAQ:TRST) traded down 0.71% during trading on Monday, hitting $7.00. The stock had a trading volume of 116,750 shares. The company has a 50 day moving average of $7.07 and a 200-day moving average of $6.64. TrustCo Bank Corp. NY has a 12-month low of $5.17 and a 12-month high of $7.25. The company has a market cap of $669.19 million, a P/E ratio of 16.02 and a beta of 1.01.

TrustCo Bank Corp. NY (NASDAQ:TRST) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.00. TrustCo Bank Corp. NY had a net margin of 23.27% and a return on equity of 9.93%. During the same period last year, the business posted $0.11 earnings per share. On average, equities analysts predict that TrustCo Bank Corp. NY will post $0.43 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd were given a dividend of $0.0656 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Wednesday, August 31st. 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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