TrustCo Bank Corp NY (NASDAQ:TRST) SVP Eric W. Schreck sold 2,400 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $7.78, for a total transaction of $18,672.00. Following the completion of the sale, the senior vice president now directly owns 91,478 shares of the company’s stock, valued at $711,698.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ:TRST opened at $7.71 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a fifty day moving average price of $7.93 and a 200 day moving average price of $7.91. TrustCo Bank Corp NY has a fifty-two week low of $6.51 and a fifty-two week high of $9.45. The firm has a market cap of $742.33 million, a price-to-earnings ratio of 12.16 and a beta of 1.11.
TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Monday, July 22nd. The bank reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. TrustCo Bank Corp NY had a net margin of 29.19% and a return on equity of 12.19%. The firm had revenue of $44.11 million during the quarter.
Several large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new position in TrustCo Bank Corp NY during the 2nd quarter worth $35,000. Northwestern Mutual Wealth Management Co. lifted its stake in TrustCo Bank Corp NY by 21.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 12,851 shares of the bank’s stock worth $100,000 after purchasing an additional 2,278 shares during the last quarter. Laurion Capital Management LP bought a new stake in TrustCo Bank Corp NY during the first quarter worth $108,000. Cubist Systematic Strategies LLC lifted its stake in TrustCo Bank Corp NY by 39.2% during the second quarter. Cubist Systematic Strategies LLC now owns 14,024 shares of the bank’s stock worth $111,000 after purchasing an additional 3,946 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in TrustCo Bank Corp NY during the second quarter worth $125,000. Hedge funds and other institutional investors own 62.10% of the company’s stock.
A number of brokerages have recently issued reports on TRST. GMP Securities reissued a “hold” rating and issued a $6.00 price objective on shares of TrustCo Bank Corp NY in a research note on Thursday, July 11th. BidaskClub raised shares of TrustCo Bank Corp NY from a “sell” rating to a “hold” rating in a research note on Friday, June 28th.
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, 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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