Teton Advisors Inc. lifted its holdings in TrustCo Bank Corp NY (NASDAQ:TRST) by 13.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,900 shares of the bank’s stock after purchasing an additional 8,900 shares during the period. Teton Advisors Inc. owned about 0.08% of TrustCo Bank Corp NY worth $628,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of TrustCo Bank Corp NY in the 2nd quarter valued at about $182,000. Hartford Investment Management Co. purchased a new stake in TrustCo Bank Corp NY during the 2nd quarter worth approximately $213,000. SG Americas Securities LLC increased its stake in TrustCo Bank Corp NY by 109.3% during the 2nd quarter. SG Americas Securities LLC now owns 34,094 shares of the bank’s stock worth $303,000 after buying an additional 17,805 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in TrustCo Bank Corp NY by 32.7% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 34,590 shares of the bank’s stock worth $308,000 after buying an additional 8,516 shares in the last quarter. Finally, Spark Investment Management LLC purchased a new stake in TrustCo Bank Corp NY during the 2nd quarter worth approximately $352,000. Hedge funds and other institutional investors own 62.05% of the company’s stock.
NASDAQ:TRST opened at $7.95 on Wednesday. TrustCo Bank Corp NY has a 12 month low of $7.26 and a 12 month high of $9.70. The company has a market cap of $736.61 million, a price-to-earnings ratio of 12.72 and a beta of 1.02.
TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings data on Monday, October 22nd. The bank reported $0.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. TrustCo Bank Corp NY had a return on equity of 12.39% and a net margin of 27.07%. The company had revenue of $44.98 million during the quarter.
TRST has been the subject of several research reports. BidaskClub lowered TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. ValuEngine lowered TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th.
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TrustCo Bank Corp NY Profile
TrustCo Bank Corp NY operates as the holding company for Trustco Bank that provides personal and business banking services to individuals, partnerships, and corporations. The company is primarily involved in accepting deposits, and making 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.
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