Wells Fargo & Company MN grew its holdings in TrustCo Bank Corp NY (NASDAQ:TRST) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,854 shares of the bank’s stock after buying an additional 10,013 shares during the period. Wells Fargo & Company MN owned 0.13% of TrustCo Bank Corp NY worth $960,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TRST. BlackRock Inc. lifted its position in shares of TrustCo Bank Corp NY by 42,492.2% in the first quarter. BlackRock Inc. now owns 11,674,526 shares of the bank’s stock valued at $91,644,000 after buying an additional 11,647,116 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of TrustCo Bank Corp NY by 5.9% in the first quarter. Vanguard Group Inc. now owns 5,185,647 shares of the bank’s stock valued at $40,708,000 after buying an additional 291,144 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of TrustCo Bank Corp NY by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,190,254 shares of the bank’s stock valued at $40,744,000 after buying an additional 221,187 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of TrustCo Bank Corp NY by 106.7% in the first quarter. AQR Capital Management LLC now owns 369,398 shares of the bank’s stock valued at $2,900,000 after buying an additional 190,680 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of TrustCo Bank Corp NY by 55.0% in the first quarter. Bank of America Corp DE now owns 201,878 shares of the bank’s stock valued at $1,584,000 after buying an additional 71,630 shares during the last quarter. 57.67% of the stock is owned by institutional investors.

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In other news, Director William D. Powers sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 90,651 shares in the company, valued at $725,208. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

TRST has been the subject of a number of recent analyst reports. BidaskClub raised TrustCo Bank Corp NY from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Canaccord Genuity reaffirmed a “speculative buy” rating and issued a $7.25 price objective on shares of TrustCo Bank Corp NY in a research report on Wednesday, October 18th.

TrustCo Bank Corp NY (NASDAQ TRST) opened at $8.95 on Friday. The firm has a market capitalization of $860.11, a P/E ratio of 18.65 and a beta of 1.20. TrustCo Bank Corp NY has a 52 week low of $6.60 and a 52 week high of $9.30.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its earnings results on Monday, October 23rd. The bank reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The company had revenue of $44.03 million for the quarter. TrustCo Bank Corp NY had a return on equity of 10.51% and a net margin of 25.16%. During the same quarter last year, the business posted $0.11 EPS.

TrustCo Bank Corp NY Company Profile

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.

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

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