R Squared Ltd Makes New $91,000 Investment in TrustCo Bank Corp NY (NASDAQ:TRST)

R Squared Ltd bought a new stake in TrustCo Bank Corp NY (NASDAQ:TRST) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,740 shares of the bank’s stock, valued at approximately $91,000.

Several other hedge funds have also made changes to their positions in TRST. Versant Capital Management Inc increased its position in TrustCo Bank Corp NY by 263.7% in the 4th quarter. Versant Capital Management Inc now owns 942 shares of the bank’s stock valued at $31,000 after acquiring an additional 683 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of TrustCo Bank Corp NY in the 3rd quarter valued at approximately $33,000. GAMMA Investing LLC increased its holdings in shares of TrustCo Bank Corp NY by 55.3% in the third quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock valued at $38,000 after purchasing an additional 410 shares during the period. CWM LLC raised its stake in shares of TrustCo Bank Corp NY by 36.0% during the third quarter. CWM LLC now owns 6,209 shares of the bank’s stock worth $205,000 after purchasing an additional 1,644 shares during the last quarter. Finally, First Trust Direct Indexing L.P. acquired a new stake in shares of TrustCo Bank Corp NY during the third quarter worth $222,000. Institutional investors and hedge funds own 68.57% of the company’s stock.

TrustCo Bank Corp NY Price Performance

NASDAQ:TRST opened at $31.97 on Friday. The firm has a market cap of $607.75 million, a price-to-earnings ratio of 12.44 and a beta of 0.85. TrustCo Bank Corp NY has a 1-year low of $25.83 and a 1-year high of $38.89. The firm’s fifty day moving average price is $34.14 and its 200 day moving average price is $33.83.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Tuesday, January 21st. The bank reported $0.59 earnings per share for the quarter. TrustCo Bank Corp NY had a net margin of 18.56% and a return on equity of 7.37%.

TrustCo Bank Corp NY Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.44 annualized dividend and a dividend yield of 4.50%. TrustCo Bank Corp NY’s dividend payout ratio is currently 56.03%.

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.