Trexquant Investment LP Purchases 4,255 Shares of TrustCo Bank Corp NY (NASDAQ:TRST)

Trexquant Investment LP raised its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,448 shares of the bank’s stock after acquiring an additional 4,255 shares during the quarter. Trexquant Investment LP owned approximately 0.13% of TrustCo Bank Corp NY worth $848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of TrustCo Bank Corp NY by 74.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,128 shares of the bank’s stock worth $2,088,000 after purchasing an additional 26,881 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in TrustCo Bank Corp NY by 29.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 23,305 shares of the bank’s stock valued at $771,000 after buying an additional 5,248 shares during the last quarter. Principal Financial Group Inc. raised its position in TrustCo Bank Corp NY by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 92,158 shares of the bank’s stock worth $3,070,000 after acquiring an additional 2,569 shares during the period. Barclays PLC boosted its stake in shares of TrustCo Bank Corp NY by 134.4% during the 3rd quarter. Barclays PLC now owns 37,729 shares of the bank’s stock worth $1,247,000 after acquiring an additional 21,633 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of TrustCo Bank Corp NY during the 4th quarter valued at $746,000. 68.57% of the stock is owned by hedge funds and other institutional investors.

TrustCo Bank Corp NY Stock Performance

Shares of TrustCo Bank Corp NY stock opened at $27.56 on Friday. The stock has a market cap of $524.19 million, a P/E ratio of 10.72 and a beta of 0.71. The stock’s fifty day moving average is $31.17 and its 200 day moving average is $33.02. TrustCo Bank Corp NY has a one year low of $25.85 and a one year high of $38.89.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.59 EPS for the quarter. TrustCo Bank Corp NY had a return on equity of 7.37% and a net margin of 18.56%.

TrustCo Bank Corp NY declared that its board has authorized a share repurchase program on Tuesday, March 18th that allows the company to repurchase 0 shares. This repurchase authorization allows the bank to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

TrustCo Bank Corp NY Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend was Friday, March 7th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is 56.03%.

TrustCo Bank Corp NY 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.