New York State Teachers Retirement System lessened its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 294,074 shares of the bank’s stock after selling 8,603 shares during the period. New York State Teachers Retirement System owned 0.30% of TrustCo Bank Corp NY worth $2,329,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in TrustCo Bank Corp NY by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,854,396 shares of the bank’s stock worth $40,161,000 after buying an additional 69,628 shares during the period. Norges Bank acquired a new position in TrustCo Bank Corp NY during the fourth quarter worth approximately $13,621,000. Bank of New York Mellon Corp increased its position in TrustCo Bank Corp NY by 1.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,435,855 shares of the bank’s stock worth $9,849,000 after buying an additional 21,958 shares during the period. Geode Capital Management LLC increased its position in TrustCo Bank Corp NY by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 1,098,082 shares of the bank’s stock worth $7,532,000 after buying an additional 50,212 shares during the period. Finally, Systematic Financial Management LP increased its position in TrustCo Bank Corp NY by 0.7% during the first quarter. Systematic Financial Management LP now owns 1,050,356 shares of the bank’s stock worth $8,151,000 after buying an additional 7,638 shares during the period. 62.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of TRST stock traded down $0.17 during midday trading on Monday, hitting $7.71. The company had a trading volume of 2,185 shares, compared to its average volume of 274,719. The stock has a 50 day simple moving average of $7.90. TrustCo Bank Corp NY has a 52-week low of $6.51 and a 52-week high of $9.45. The firm has a market capitalization of $762.94 million, a PE ratio of 12.51 and a beta of 1.11. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.95.
In other TrustCo Bank Corp NY news, Director William D. Powers sold 10,850 shares of TrustCo Bank Corp NY stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $7.50, for a total value of $81,375.00. Following the transaction, the director now directly owns 54,800 shares in the company, valued at approximately $411,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.64% of the company’s stock.
TRST has been the topic of several research analyst reports. GMP Securities reaffirmed a “hold” rating and set a $6.00 price target on shares of TrustCo Bank Corp NY in a research report on Thursday, July 11th. BidaskClub raised TrustCo Bank Corp NY from a “sell” rating to a “hold” rating in a research report on Friday, June 28th.
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, partnerships, and corporations. The company is primarily involved in accepting deposits, and making 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.
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