TrustCo Bank Corp NY (NASDAQ:TRST – Get Rating) was downgraded by analysts at Piper Sandler from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
Separately, StockNews.com downgraded shares of TrustCo Bank Corp NY from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th.
TrustCo Bank Corp NY Trading Up 1.5 %
NASDAQ:TRST opened at $37.35 on Wednesday. TrustCo Bank Corp NY has a 12 month low of $29.50 and a 12 month high of $39.36. The company has a market cap of $711.52 million, a PE ratio of 10.15 and a beta of 0.93. The company has a 50 day simple moving average of $37.97 and a two-hundred day simple moving average of $35.33.
In other news, Director Kimberly Adams Russell bought 1,100 shares of the stock in a transaction that occurred on Tuesday, December 6th. The shares were bought at an average price of $37.88 per share, for a total transaction of $41,668.00. Following the purchase, the director now owns 4,700 shares in the company, valued at $178,036. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in TrustCo Bank Corp NY by 1.2% in the 1st quarter. BlackRock Inc. now owns 2,836,175 shares of the bank’s stock worth $90,558,000 after purchasing an additional 32,718 shares in the last quarter. Vanguard Group Inc. lifted its stake in TrustCo Bank Corp NY by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 1,352,121 shares of the bank’s stock worth $43,173,000 after purchasing an additional 50,079 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in TrustCo Bank Corp NY by 4.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,042,983 shares of the bank’s stock worth $32,770,000 after purchasing an additional 47,053 shares in the last quarter. Systematic Financial Management LP lifted its stake in TrustCo Bank Corp NY by 1.4% in the 3rd quarter. Systematic Financial Management LP now owns 812,718 shares of the bank’s stock worth $25,536,000 after purchasing an additional 11,345 shares in the last quarter. Finally, State Street Corp lifted its stake in TrustCo Bank Corp NY by 3.2% in the 3rd quarter. State Street Corp now owns 744,227 shares of the bank’s stock worth $23,643,000 after purchasing an additional 22,747 shares in the last quarter. Hedge funds and other institutional investors own 65.30% of the company’s stock.
TrustCo Bank Corp NY Company Profile
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 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.
- Get a free copy of the StockNews.com research report on TrustCo Bank Corp NY (TRST)
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