GAMMA Investing LLC Buys Shares of 957 TrustCo Bank Corp NY (NASDAQ:TRST)

GAMMA Investing LLC bought a new stake in shares of TrustCo Bank Corp NY (NASDAQ:TRST) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 957 shares of the bank’s stock, valued at approximately $28,000.

A number of other hedge funds have also made changes to their positions in the company. New York State Common Retirement Fund raised its holdings in shares of TrustCo Bank Corp NY by 14.3% during the fourth quarter. New York State Common Retirement Fund now owns 7,295 shares of the bank’s stock valued at $227,000 after acquiring an additional 910 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of TrustCo Bank Corp NY during the fourth quarter valued at approximately $295,000. Nisa Investment Advisors LLC grew its position in shares of TrustCo Bank Corp NY by 39,333.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,915 shares of the bank’s stock valued at $184,000 after purchasing an additional 5,900 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of TrustCo Bank Corp NY by 3.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 114,424 shares of the bank’s stock valued at $3,553,000 after purchasing an additional 3,675 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of TrustCo Bank Corp NY by 10.7% in the third quarter. American Century Companies Inc. now owns 202,684 shares of the bank’s stock valued at $5,531,000 after purchasing an additional 19,523 shares in the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st.

Insider Buying and Selling

In other TrustCo Bank Corp NY news, COO Kevin M. Curley acquired 916 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average cost of $27.30 per share, for a total transaction of $25,006.80. Following the completion of the transaction, the chief operating officer now owns 34,766 shares of the company’s stock, valued at approximately $949,111.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.32% of the stock is currently owned by company insiders.

TrustCo Bank Corp NY Price Performance

TRST stock opened at $28.23 on Tuesday. The business has a 50 day simple moving average of $27.17 and a 200-day simple moving average of $28.06. The firm has a market capitalization of $536.93 million, a PE ratio of 10.01 and a beta of 0.84. TrustCo Bank Corp NY has a 1 year low of $23.78 and a 1 year high of $32.10.

TrustCo Bank Corp NY Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.10%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is presently 51.61%.

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.