Compass Ion Advisors LLC Takes Position in TrustCo Bank Corp NY (NASDAQ:TRST)

Compass Ion Advisors LLC purchased a new stake in TrustCo Bank Corp NY (NASDAQ:TRST) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,000 shares of the bank’s stock, valued at approximately $173,000.

Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in shares of TrustCo Bank Corp NY by 24.3% in the 3rd quarter. First Trust Advisors LP now owns 86,426 shares of the bank’s stock valued at $704,000 after buying an additional 16,876 shares in the last quarter. Man Group plc purchased a new position in shares of TrustCo Bank Corp NY in the 3rd quarter valued at approximately $111,000. Northern Trust Corp raised its position in shares of TrustCo Bank Corp NY by 2.5% in the 2nd quarter. Northern Trust Corp now owns 1,563,334 shares of the bank’s stock valued at $12,380,000 after purchasing an additional 38,788 shares during the last quarter. Brinker Capital Inc. raised its position in shares of TrustCo Bank Corp NY by 4.1% in the 3rd quarter. Brinker Capital Inc. now owns 30,997 shares of the bank’s stock valued at $253,000 after purchasing an additional 1,207 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of TrustCo Bank Corp NY by 6.2% in the 3rd quarter. Rhumbline Advisers now owns 312,047 shares of the bank’s stock valued at $2,543,000 after purchasing an additional 18,216 shares during the last quarter. Institutional investors and hedge funds own 63.38% of the company’s stock.

Shares of TrustCo Bank Corp NY stock traded up $0.02 during midday trading on Friday, hitting $8.44. The company had a trading volume of 2,244 shares, compared to its average volume of 273,578. The stock has a market cap of $817.01 million, a price-to-earnings ratio of 13.60 and a beta of 1.10. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $8.70 and a 200 day simple moving average of $8.27. TrustCo Bank Corp NY has a 12-month low of $7.32 and a 12-month high of $9.10.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. TrustCo Bank Corp NY had a net margin of 28.50% and a return on equity of 11.80%. The firm had revenue of $43.57 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were given a dividend of $0.068 per share. This represents a $0.27 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Thursday, December 5th.

Several equities analysts recently commented on the stock. ValuEngine raised shares of TrustCo Bank Corp NY from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. BidaskClub lowered shares of TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 11th.

About TrustCo Bank Corp NY

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

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