Arrowstreet Capital Limited Partnership Raises Holdings in TrustCo Bank Corp NY $TRST

Arrowstreet Capital Limited Partnership increased its holdings in TrustCo Bank Corp NY (NASDAQ:TRST - Free Report) by 62.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 258,209 shares of the bank's stock after buying an additional 99,411 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.37% of TrustCo Bank Corp NY worth $8,629,000 as of its most recent filing with the Securities & Exchange Commission.Get TrustCo Bank Corp NY alerts:Other institutional investors also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC purchased a new stake in TrustCo Bank Corp NY in the second quarter valued at approximately $402,000. Strs Ohio purchased a new stake in TrustCo Bank Corp NY during the 1st quarter worth approximately $442,000. Geode Capital Management LLC boosted its stake in TrustCo Bank Corp NY by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 510,547 shares of the bank's stock worth $17,065,000 after purchasing an additional 17,358 shares during the last quarter. American Century Companies Inc. raised its holdings in TrustCo Bank Corp NY by 8.1% in the 1st quarter. American Century Companies Inc. now owns 440,874 shares of the bank's stock valued at $13,438,000 after acquiring an additional 33,171 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in TrustCo Bank Corp NY by 11.6% in the 1st quarter. Voya Investment Management LLC now owns 31,984 shares of the bank's stock valued at $975,000 after buying an additional 3,322 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast GrowthSeparately, Weiss Ratings reiterated a "buy (b-)" rating on shares of TrustCo Bank Corp NY in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, TrustCo Bank Corp NY currently has an average rating of "Buy".Read Our Latest Stock Analysis on TrustCo Bank Corp NYTrustCo Bank Corp NY Stock Up 2.7%Shares of NASDAQ:TRST opened at $44.76 on Thursday. The firm's 50 day moving average price is $39.09 and its 200 day moving average price is $36.53. The stock has a market cap of $824.48 million, a price-to-earnings ratio of 14.97 and a beta of 0.65. TrustCo Bank Corp NY has a fifty-two week low of $27.18 and a fifty-two week high of $45.13. TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The bank reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. The company had revenue of $47.81 million for the quarter, compared to analysts' expectations of $47.27 million. TrustCo Bank Corp NY had a return on equity of 8.27% and a net margin of 20.74%.During the same period last year, the firm earned $0.68 earnings per share. TrustCo Bank Corp NY Dividend AnnouncementThe business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 5th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, December 5th. TrustCo Bank Corp NY's dividend payout ratio (DPR) is currently 50.84%. TrustCo Bank Corp NY Profile (Free Report)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 and businesses. The company accepts deposits; and offers 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.Featured StoriesFive stocks we like better than TrustCo Bank Corp NYGolden Cross Stocks: Pattern, Examples and Charts Market Momentum: 3 Stocks Poised for Major BreakoutsHow to Invest in Tech Stocks and Top Tech Stocks to Consider3 Reasons Casey’s General Stores Will Continue Trending HigherStock Dividend Cuts Happen Are You Ready?Golden Cross Alert: 3 Stocks With Major Upside PotentialThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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