TrustCo Bank Corp NY (NASDAQ:TRST) Director William D. Powers sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $9.52, for a total transaction of $47,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TrustCo Bank Corp NY (NASDAQ TRST) traded down $0.20 during trading hours on Tuesday, hitting $9.30. 339,696 shares of the stock traded hands, compared to its average volume of 293,306. TrustCo Bank Corp NY has a 12-month low of $7.25 and a 12-month high of $9.70. The stock has a market capitalization of $893.80, a P/E ratio of 19.38 and a beta of 1.19.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Monday, October 23rd. The bank reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. TrustCo Bank Corp NY had a net margin of 25.16% and a return on equity of 10.51%. The company had revenue of $44.03 million for the quarter. During the same period last year, the firm earned $0.11 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be paid a dividend of $65625.00 per share. The ex-dividend date is Thursday, November 30th. This is an increase from TrustCo Bank Corp NY’s previous quarterly dividend of $0.07. This represents a $262,500.00 dividend on an annualized basis and a yield of 2,822,580.65%. TrustCo Bank Corp NY’s payout ratio is 54.17%.

A number of hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH purchased a new position in TrustCo Bank Corp NY during the third quarter worth about $105,000. Dimensional Fund Advisors LP raised its stake in TrustCo Bank Corp NY by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 5,481,084 shares of the bank’s stock worth $48,782,000 after purchasing an additional 43,525 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in TrustCo Bank Corp NY during the third quarter worth about $182,000. Schwab Charles Investment Management Inc. raised its stake in TrustCo Bank Corp NY by 6.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 425,365 shares of the bank’s stock worth $3,786,000 after purchasing an additional 23,973 shares during the period. Finally, Wells Fargo & Company MN raised its stake in TrustCo Bank Corp NY by 25.5% during the third quarter. Wells Fargo & Company MN now owns 155,456 shares of the bank’s stock worth $1,383,000 after purchasing an additional 31,602 shares during the period. 58.73% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on the stock. Canaccord Genuity raised their price target on shares of TrustCo Bank Corp NY from $7.25 to $9.50 in a research note on Monday. BidaskClub raised shares of TrustCo Bank Corp NY from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th.

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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 Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. It operates through community banking segment. The Bank’s business consists of accepting deposits and making loans and investments.

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