Key Points
- TrustCo Bank Corp NY director Lisa Lucarelli bought 200 shares of TRST on June 4 at $52.29 each, a total purchase of $10,458.
- The stock was trading near its 52-week high, opening at $53.19 with a 12-month range of $30.52 to $53.65. It also has a market cap of about $929.8 million and a P/E ratio of 15.60.
- The bank recently reported Q1 earnings of $0.91 per share and announced a quarterly dividend of $0.38 per share, which equals an annualized yield of 2.9%.
TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) Director Lisa Lucarelli acquired 200 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average cost of $52.29 per share, for a total transaction of $10,458.00. Following the completion of the purchase, the director directly owned 100 shares in the company, valued at $5,229. This represents a -200.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
TrustCo Bank Corp NY Stock Performance
TRST opened at $53.19 on Tuesday. The business has a 50 day moving average price of $47.97 and a 200 day moving average price of $45.02. TrustCo Bank Corp NY has a twelve month low of $30.52 and a twelve month high of $53.65. The firm has a market cap of $929.76 million, a P/E ratio of 15.60 and a beta of 0.62.
TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last posted its earnings results on Tuesday, April 21st. The bank reported $0.91 earnings per share for the quarter. TrustCo Bank Corp NY had a return on equity of 9.21% and a net margin of 22.42%.The firm had revenue of $49.55 million during the quarter.
TrustCo Bank Corp NY Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, June 5th. TrustCo Bank Corp NY's payout ratio is 44.57%.
Institutional Investors Weigh In On TrustCo Bank Corp NY
Several hedge funds and other institutional investors have recently made changes to their positions in TRST. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 755 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of TrustCo Bank Corp NY by 108.1% in the third quarter. Hantz Financial Services Inc. now owns 872 shares of the bank's stock valued at $32,000 after purchasing an additional 453 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of TrustCo Bank Corp NY in the fourth quarter valued at about $46,000. Godfrey Financial Associates Inc. acquired a new stake in shares of TrustCo Bank Corp NY in the fourth quarter valued at about $56,000. Finally, Russell Investments Group Ltd. grew its position 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 valued at $62,000 after purchasing an additional 555 shares during the last quarter. 68.57% of the stock is owned by institutional investors and hedge funds.
About TrustCo Bank Corp NY
(
Get Free Report)
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.
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