Metropolitan Life Insurance Co. NY Increases Stake in TrustCo Bank Corp NY (TRST)

Metropolitan Life Insurance Co. NY increased its stake in TrustCo Bank Corp NY (NASDAQ:TRST) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 owned 0.07% of TrustCo Bank Corp NY worth $510,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in 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 worth $2,900,000 after buying an additional 190,680 shares during the last quarter. State Street Corp raised its stake in shares of TrustCo Bank Corp NY by 0.8% in the first quarter. State Street Corp now owns 2,219,969 shares of the bank’s stock valued at $17,430,000 after buying an additional 17,328 shares in the last quarter. Bank of America Corp DE raised its stake 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 in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of TrustCo Bank Corp NY by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 397,642 shares of the bank’s stock valued at $3,122,000 after buying an additional 22,170 shares in the last quarter. Finally, Brown Advisory Securities LLC raised its stake in shares of TrustCo Bank Corp NY by 8.4% in the first quarter. Brown Advisory Securities LLC now owns 13,135 shares of the bank’s stock valued at $103,000 after buying an additional 1,015 shares in the last quarter. 58.26% of the stock is owned by institutional investors and hedge funds.

Shares of TrustCo Bank Corp NY (NASDAQ TRST) traded down 0.64% during mid-day trading on Friday, hitting $7.75. The company had a trading volume of 325,762 shares. TrustCo Bank Corp NY has a one year low of $6.60 and a one year high of $9.00. The company has a market capitalization of $744.78 million, a P/E ratio of 16.60 and a beta of 1.17. The firm’s 50-day moving average price is $7.86 and its 200 day moving average price is $7.94.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its earnings results on Friday, July 21st. The bank reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 for the quarter. During the same quarter in the previous year, the company earned $0.11 EPS. Analysts predict that TrustCo Bank Corp NY will post $0.49 earnings per share for the current fiscal year.

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In related news, Director William D. Powers sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $8.00, for a total value of $160,000.00. Following the completion of the transaction, the director now owns 90,651 shares of the company’s stock, valued at approximately $725,208. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

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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