2 weeks Ago By Defense World Staff
Prudential Financial Inc. raised its stake in TrustCo Bank Corp NY ( NASDAQ:TRST – Free Report ) by 35.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 38,960 shares of the bank’s stock after acquiring an additional 10,200 shares during the quarter. Prudential Financial Inc. owned approximately 0.
20% of TrustCo Bank Corp NY worth $1,298,000 as of its most recent filing with the Securities & Exchange Commission. Other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of TrustCo Bank Corp NY in the fourth quarter worth $29,000.
Versant Capital Management Inc boosted its position in shares of TrustCo Bank Corp NY by 263.7% during the 4th quarter. Versant Capital Management Inc now owns 942 shares of the bank’s stock valued at $31,000 after acquiring an additional 683 shares during the last quarter.
R Squared Ltd purchased a new position in shares of TrustCo Bank Corp NY during the fourth quarter worth about $91,000. KLP Kapitalforvaltning AS bought a new position in shares of TrustCo Bank Corp NY in the fourth quarter worth approximately $120,000. Finally, AlphaQuest LLC purchased a new stake in TrustCo Bank Corp NY in the fourth quarter valued at approximately $218,000.
Hedge funds and other institutional investors own 68.57% of the company’s stock. TrustCo Bank Corp NY Price Performance Shares of NASDAQ:TRST opened at $28.
36 on Friday. The company’s fifty day moving average price is $31.72 and its 200-day moving average price is $33.
28. The firm has a market capitalization of $539.41 million, a price-to-earnings ratio of 11.
04 and a beta of 0.71. TrustCo Bank Corp NY has a one year low of $25.
83 and a one year high of $38.89. 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 given a $0.36 dividend. The ex-dividend date was Friday, March 7th.
This represents a $1.44 dividend on an annualized basis and a yield of 5.08%.
TrustCo Bank Corp NY’s payout ratio is 56.03%. TrustCo Bank Corp NY declared that its board has approved a stock repurchase program on Tuesday, March 18th that allows the company to buyback 0 outstanding shares.
This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued. TrustCo Bank Corp NY Company Profile ( Free Report ) 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. Read More Five stocks we like better than TrustCo Bank Corp NY When to Sell a Stock for Profit or Loss Conagra Stock Could Thrive as Tariffs Hit Other Sectors 3 Dividend Kings To Consider Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey Finds What is the Dow Jones Industrial Average (DJIA)? Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy? Receive News & Ratings for TrustCo Bank Corp NY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrustCo Bank Corp NY and related companies with MarketBeat.
com's FREE daily email newsletter ..
