TrustCo Bank Corp NY (NASDAQ:TRST) is expected to pay $0.07 on Jan 3, 2017. The indicated annual dividend is $0.26. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on TrustCo Bank Corp NY’s current price of $8.40, the dividend is 0.79%. This dividend’s record date is Dec 2, 2016 and the announcement date is Nov 18, 2016. The stock increased 0.60% or $0.05 during the last trading session, hitting $8.4. TrustCo Bank Corp NY (NASDAQ:TRST) has risen 27.85% since April 26, 2016 and is uptrending. It has outperformed by 22.59% the S&P500.
Trustco Bank Corp NY is a savings and loan holding company. The company has a market cap of $799.14 million. The Company’s principal subsidiary is Trustco Bank . It has a 19.11 P/E ratio. The Firm operates through the community banking segment.
Insitutional Activity: The institutional sentiment decreased to 1.24 in Q2 2016. Its down 0.03, from 1.27 in 2016Q1. The ratio is negative, as 5 funds sold all TrustCo Bank Corp NY shares owned while 40 reduced positions. 11 funds bought stakes while 46 increased positions. They now own 52.23 million shares or 1.19% less from 52.86 million shares in 2016Q1.
Acadian Asset Mngmt Limited Liability Company holds 0.02% of its portfolio in TrustCo Bank Corp NY (NASDAQ:TRST) for 571,602 shares. Raymond James Fincl Services Advsrs Inc holds 0% or 10,317 shares in its portfolio. Quantbot Tech Lp reported 395 shares or 0% of all its holdings. Blackrock reported 31,445 shares or 0% of all its holdings. Teacher Retirement Systems Of Texas accumulated 0% or 13,399 shares. Renaissance Technology holds 0.01% of its portfolio in TrustCo Bank Corp NY (NASDAQ:TRST) for 1.01 million shares. Capstone Asset Mngmt Com has 22,240 shares for 0% of their US portfolio. Great West Life Assurance Can owns 14,800 shares or 0% of their US portfolio. Creative Planning holds 0% of its portfolio in TrustCo Bank Corp NY (NASDAQ:TRST) for 1,946 shares. Loomis Sayles And Com Limited Partnership has invested 0% of its portfolio in TrustCo Bank Corp NY (NASDAQ:TRST). Vanguard reported 4.53 million shares or 0% of all its holdings. Ladenburg Thalmann Financial Service has invested 0% of its portfolio in TrustCo Bank Corp NY (NASDAQ:TRST). Franklin Res Inc, a California-based fund reported 2.16 million shares. Baker Ellis Asset Limited reported 25,000 shares or 0.05% of all its holdings. Jacobs Levy Equity Mgmt holds 0.02% of its portfolio in TrustCo Bank Corp NY (NASDAQ:TRST) for 121,093 shares.
Insider Transactions: Since October 27, 2016, the stock had 1 insider purchase, and 1 insider sale for $32,600 net activity. FLYNN BRIAN C also bought $67,500 worth of TrustCo Bank Corp NY (NASDAQ:TRST) on Thursday, November 10. Another trade for 5,000 shares valued at $34,900 was sold by POWERS WILLIAM D.
TrustCo Bank Corp NY (NASDAQ:TRST) Ratings Coverage
Out of 3 analysts covering TrustCo Bank Corp (NASDAQ:TRST), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. TrustCo Bank Corp has been the topic of 6 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Wood on Wednesday, October 7. Bruyette & Woods” downgraded the shares of TRST in a report on Thursday, July 23 to “Underperform” rating. The firm has “Mkt Perform” rating given on Wednesday, October 7 by Keefe Bruyette & Woods. The stock has “Hold” rating given by Zacks on Wednesday, August 12.
Another recent and important TrustCo Bank Corp NY (NASDAQ:TRST) news was published by Seekingalpha.com which published an article titled: “Cashing In On TrustCo Bank” on November 16, 2016.
TRST Company Profile
Trustco Bank Corp NY, incorporated on October 28, 1981, is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Firm operates through the community banking segment. The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and firms. The Bank’s business consists of accepting deposits and making loans and investments. The Bank provides both personal and business banking services. The Bank operates approximately 160 automatic teller machines (ATMs) and approximately 150 banking offices. The Bank’s subsidiary, Trustco Realty Corp., is a real estate investment trust (REIT) formed to acquire, hold and manage real estate mortgage assets, including residential mortgage loans and mortgage backed securities. The Bank’s trust department operates under the name, Trustco Financial Services, and serves as executor of estates and trustee of personal trusts, provides asset and wealth management services, provides estate planning and related advice, provides custodial services, and acts as trustee for various types of employee benefit plans and corporate pension and profit sharing trusts. The Company’s subsidiary, ORE Subsidiary Corp., is formed to hold and manage foreclosed properties acquired by the Bank.
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