Metropolitan Life Insurance Co. NY increased its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 4.2% during the first quarter, Holdings Channel reports. The fund owned 65,009 shares of the bank’s stock after buying an additional 2,610 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in TrustCo Bank Corp NY were worth $510,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Mason Street Advisors LLC boosted its position in shares of TrustCo Bank Corp NY by 7.2% in the first quarter. Mason Street Advisors LLC now owns 22,416 shares of the bank’s stock worth $176,000 after buying an additional 1,503 shares in the last quarter. Bank of Montreal Can raised its position in TrustCo Bank Corp NY by 39.7% in the first quarter. Bank of Montreal Can now owns 162,988 shares of the bank’s stock worth $1,279,000 after buying an additional 46,290 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in TrustCo Bank Corp NY by 2.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 21,870 shares of the bank’s stock worth $172,000 after buying an additional 480 shares during the last quarter. Norges Bank purchased a new position in TrustCo Bank Corp NY during the fourth quarter worth $6,857,000. Finally, King Wealth Management Group LLC raised its position in TrustCo Bank Corp NY by 2.7% in the first quarter. King Wealth Management Group LLC now owns 22,943 shares of the bank’s stock worth $180,000 after buying an additional 602 shares during the last quarter. Institutional investors and hedge funds own 58.26% of the company’s stock.

TrustCo Bank Corp NY (TRST) traded down 0.64% on Friday, hitting $7.75. 325,762 shares of the company were exchanged. The stock has a market capitalization of $744.78 million, a P/E ratio of 16.60 and a beta of 1.17. The company has a 50 day moving average price of $7.86 and a 200-day moving average price of $7.94. TrustCo Bank Corp NY has a 52 week low of $6.60 and a 52 week high of $9.00.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its earnings results on Friday, July 21st. The bank reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. TrustCo Bank Corp NY had a net margin of 24.58% and a return on equity of 10.24%. The firm had revenue of $43.05 million during the quarter. During the same period last year, the business posted $0.11 earnings per share. On average, equities analysts expect that TrustCo Bank Corp NY will post $0.49 earnings per share for the current fiscal year.

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In other news, Director William D. Powers sold 20,000 shares of TrustCo Bank Corp NY stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $8.00, for a total transaction of $160,000.00. Following the completion of the sale, the director now directly owns 90,651 shares in the company, valued at $725,208. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

About TrustCo Bank Corp NY

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.

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

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