Alliancebernstein L.P. Sells 17,900 Shares of TrustCo Bank Corp NY (NASDAQ:TRST)

Alliancebernstein L.P. lessened its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 10.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 148,868 shares of the bank’s stock after selling 17,900 shares during the period. Alliancebernstein L.P. owned approximately 0.16% of TrustCo Bank Corp NY worth $1,154,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRST. Louisiana State Employees Retirement System grew its holdings in shares of TrustCo Bank Corp NY by 0.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 39,100 shares of the bank’s stock worth $303,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of TrustCo Bank Corp NY by 0.4% during the second quarter. Arizona State Retirement System now owns 50,106 shares of the bank’s stock valued at $388,000 after buying an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of TrustCo Bank Corp NY by 2.2% during the first quarter. Municipal Employees Retirement System of Michigan now owns 21,870 shares of the bank’s stock valued at $172,000 after buying an additional 480 shares in the last quarter. Texas Permanent School Fund grew its holdings in shares of TrustCo Bank Corp NY by 1.0% during the second quarter. Texas Permanent School Fund now owns 70,101 shares of the bank’s stock valued at $543,000 after buying an additional 695 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of TrustCo Bank Corp NY by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 12,740 shares of the bank’s stock valued at $100,000 after buying an additional 711 shares in the last quarter. 57.69% of the stock is currently owned by institutional investors.

Shares of TrustCo Bank Corp NY (TRST) traded down $0.10 during mid-day trading on Friday, hitting $8.70. The stock had a trading volume of 135,200 shares, compared to its average volume of 289,677. TrustCo Bank Corp NY has a twelve month low of $7.25 and a twelve month high of $9.38. The stock has a market capitalization of $845.75, a P/E ratio of 18.33 and a beta of 1.20.

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

A number of brokerages have recently weighed in on TRST. BidaskClub downgraded TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Canaccord Genuity reiterated a “speculative buy” rating and set a $7.25 price target on shares of TrustCo Bank Corp NY in a report on Wednesday, October 18th.

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TrustCo Bank Corp NY 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.

Institutional Ownership by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)

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