TrustCo Bank Corp NY (NASDAQ:TRST) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Separately, Canaccord Genuity raised their target price on TrustCo Bank Corp NY from $7.25 to $9.50 in a research note on Monday.

TrustCo Bank Corp NY (NASDAQ:TRST) traded down $0.10 during mid-day trading on Thursday, reaching $9.10. The company’s stock had a trading volume of 1,266,384 shares, compared to its average volume of 297,319. The company has a market capitalization of $893.80, a PE ratio of 19.38 and a beta of 1.19. TrustCo Bank Corp NY has a 12 month low of $7.25 and a 12 month high of $9.70.

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

In related news, Director William D. Powers sold 5,000 shares of TrustCo Bank Corp NY stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $9.52, for a total transaction of $47,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of TRST. Allianz Asset Management GmbH bought a new stake in shares of TrustCo Bank Corp NY during the third quarter valued at about $105,000. CAPROCK Group Inc. bought a new stake in shares of TrustCo Bank Corp NY during the third quarter valued at about $106,000. Essex Financial Services Inc. bought a new stake in shares of TrustCo Bank Corp NY during the second quarter valued at about $108,000. Susquehanna International Group LLP bought a new stake in shares of TrustCo Bank Corp NY during the second quarter valued at about $136,000. Finally, SG Americas Securities LLC bought a new stake in shares of TrustCo Bank Corp NY during the third quarter valued at about $140,000. Institutional investors and hedge funds own 58.73% of the company’s stock.

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TrustCo Bank Corp NY Company Profile

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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