Brandywine International Funding Administration LLC boosted its stake in shares of TrustCo Financial institution Corp NY (NASDAQ:TRST – Get Rating) by 26.6% within the third quarter, in response to its most up-to-date disclosure with the Securities & Alternate Fee. The agency owned 25,507 shares of the financial institution’s inventory after buying a further 5,366 shares in the course of the quarter. Brandywine International Funding Administration LLC owned about 0.13% of TrustCo Financial institution Corp NY price $801,000 on the finish of the newest quarter.
Quite a few different massive buyers have additionally lately added to or decreased their stakes in TRST. Geneos Wealth Administration Inc. purchased a brand new stake in shares of TrustCo Financial institution Corp NY within the first quarter valued at roughly $30,000. Lazard Asset Administration LLC purchased a brand new stake in shares of TrustCo Financial institution Corp NY within the first quarter valued at roughly $34,000. Captrust Monetary Advisors boosted its place in shares of TrustCo Financial institution Corp NY by 104.4% within the first quarter. Captrust Monetary Advisors now owns 1,114 shares of the financial institution’s inventory valued at $36,000 after buying a further 569 shares in the course of the interval. Gladius Capital Administration LP purchased a brand new stake in shares of TrustCo Financial institution Corp NY within the second quarter valued at roughly $54,000. Lastly, Mutual of America Capital Administration LLC boosted its place in shares of TrustCo Financial institution Corp NY by 16.4% within the second quarter. Mutual of America Capital Administration LLC now owns 3,224 shares of the financial institution’s inventory valued at $99,000 after buying a further 455 shares in the course of the interval. Institutional buyers personal 65.30% of the corporate’s inventory.
TrustCo Financial institution Corp NY Buying and selling Down 1.5 %
Shares of NASDAQ TRST opened at $36.57 on Tuesday. The enterprise has a fifty day easy shifting common of $36.99 and a 200 day easy shifting common of $36.00. The agency has a market capitalization of $695.56 million, a price-to-earnings ratio of 9.31 and a beta of 0.92. TrustCo Financial institution Corp NY has a one yr low of $29.50 and a one yr excessive of $39.36.
TrustCo Financial institution Corp NY (NASDAQ:TRST – Get Rating) final issued its earnings outcomes on Tuesday, January twenty fourth. The financial institution reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.11. The enterprise had income of $56.86 million in the course of the quarter, in comparison with analyst estimates of $52.32 million. TrustCo Financial institution Corp NY had a return on fairness of 12.66% and a web margin of 36.55%. On common, analysis analysts anticipate that TrustCo Financial institution Corp NY will put up 3.87 earnings per share for the present fiscal yr.
TrustCo Financial institution Corp NY Publicizes Dividend
The enterprise additionally lately disclosed a quarterly dividend, which might be paid on Monday, April third. Shareholders of document on Friday, March third might be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $1.44 annualized dividend and a yield of three.94%. TrustCo Financial institution Corp NY’s dividend payout ratio is at the moment 36.64%.
Wall Avenue Analysts Forecast Progress
A number of equities analysis analysts have lately weighed in on TRST shares. StockNews.com lower TrustCo Financial institution Corp NY from a “purchase” ranking to a “maintain” ranking in a analysis report on Saturday, November nineteenth. Piper Sandler lowered TrustCo Financial institution Corp NY from a “impartial” ranking to an “underweight” ranking and lower their goal worth for the corporate from $39.00 to $36.00 in a analysis notice on Wednesday, January twenty fifth.
Insiders Place Their Bets
In associated information, Basic Counsel Michael James Hall acquired 1,221 shares of the corporate’s inventory in a transaction on Thursday, January twenty sixth. The inventory was bought at a median price of $33.11 per share, for a complete transaction of $40,427.31. Following the completion of the acquisition, the overall counsel now immediately owns 4,972 shares of the corporate’s inventory, valued at roughly $164,622.92. The transaction was disclosed in a doc filed with the SEC, which is offered via the SEC website. In associated information, CEO Robert J. Mccormick acquired 862 shares of the corporate’s inventory in a transaction on Thursday, January twenty sixth. The inventory was bought at a median price of $33.34 per share, for a complete transaction of $28,739.08. Following the completion of the acquisition, the chief govt officer now immediately owns 252,276 shares of the corporate’s inventory, valued at roughly $8,410,881.84. The transaction was disclosed in a doc filed with the SEC, which is offered via the SEC website. Additionally, Basic Counsel Michael James Hall acquired 1,221 shares of the corporate’s inventory in a transaction on Thursday, January twenty sixth. The shares had been purchased at a median worth of $33.11 per share, with a complete worth of $40,427.31. Following the completion of the acquisition, the overall counsel now immediately owns 4,972 shares of the corporate’s inventory, valued at $164,622.92. The disclosure for this buy might be discovered here. Insiders bought 4,914 shares of firm inventory price $166,862 during the last three months. 3.10% of the inventory is at the moment owned by company insiders.
About TrustCo Financial institution Corp NY
TrustCo Financial institution Corp NY operates because the holding firm for Trustco Financial institution, a federal financial savings financial institution that gives private and enterprise banking providers to people, partnerships, and firms. It accepts deposits and provides loans and investments. It additionally operates as an actual property funding belief that acquires, holds, and manages actual property mortgage property, together with residential mortgage loans and mortgage-backed securities.
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This immediate information alert was generated by narrative science expertise and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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