12,026 Shares in TrustCo Bank Corp NY $TRST Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC acquired a new position in shares of TrustCo Bank Corp NY (NASDAQ:TRST) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,026 shares of the bank’s stock, valued at approximately $402,000.

Several other large investors have also recently added to or reduced their stakes in TRST. Vanguard Group Inc. boosted its holdings in shares of TrustCo Bank Corp NY by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,264,934 shares of the bank’s stock valued at $38,555,000 after acquiring an additional 37,096 shares during the period. American Century Companies Inc. lifted its position in TrustCo Bank Corp NY by 8.1% in the 1st quarter. American Century Companies Inc. now owns 440,874 shares of the bank’s stock valued at $13,438,000 after purchasing an additional 33,171 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in TrustCo Bank Corp NY by 32.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 312,582 shares of the bank’s stock valued at $9,527,000 after purchasing an additional 76,660 shares during the period. AQR Capital Management LLC grew its position in TrustCo Bank Corp NY by 4.9% in the 1st quarter. AQR Capital Management LLC now owns 222,642 shares of the bank’s stock worth $6,786,000 after purchasing an additional 10,431 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in TrustCo Bank Corp NY by 15.9% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 86,815 shares of the bank’s stock worth $2,646,000 after purchasing an additional 11,923 shares during the last quarter. 68.57% of the stock is owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Price Performance

Shares of NASDAQ:TRST opened at $40.10 on Monday. The stock has a market cap of $738.80 million, a price-to-earnings ratio of 13.41 and a beta of 0.68. TrustCo Bank Corp NY has a 12 month low of $27.18 and a 12 month high of $40.96. The stock’s 50 day moving average price is $37.83 and its 200 day moving average price is $35.24.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its quarterly earnings results on Tuesday, October 21st. The bank reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. TrustCo Bank Corp NY had a return on equity of 8.27% and a net margin of 20.74%.The firm had revenue of $47.81 million during the quarter, compared to analyst estimates of $47.27 million. During the same period last year, the company posted $0.68 EPS.

TrustCo Bank Corp NY Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 5th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 5th. This is an increase from TrustCo Bank Corp NY’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 3.8%. TrustCo Bank Corp NY’s dividend payout ratio is presently 50.84%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of TrustCo Bank Corp NY in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

TrustCo Bank Corp NY Company 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 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.