StockNews.com Lowers TrustCo Bank Corp NY (NASDAQ:TRST) to Sell

TrustCo Bank Corp NY (NASDAQ:TRST) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

TrustCo Bank Corp NY Trading Down 1.3 %

NASDAQ:TRST opened at $26.62 on Wednesday. The company’s 50 day moving average is $27.21 and its two-hundred day moving average is $28.04. The company has a market cap of $506.31 million, a PE ratio of 9.54 and a beta of 0.84. TrustCo Bank Corp NY has a twelve month low of $23.78 and a twelve month high of $32.10.

Insider Buying and Selling at TrustCo Bank Corp NY

In other TrustCo Bank Corp NY news, COO Kevin M. Curley purchased 916 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average price of $27.30 per share, for a total transaction of $25,006.80. Following the acquisition, the chief operating officer now owns 34,766 shares in the company, valued at $949,111.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Eric W. Schreck bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of $28.44 per share, with a total value of $28,440.00. Following the completion of the acquisition, the executive vice president now directly owns 41,407 shares in the company, valued at $1,177,615.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kevin M. Curley purchased 916 shares of TrustCo Bank Corp NY stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average price of $27.30 per share, with a total value of $25,006.80. Following the completion of the transaction, the chief operating officer now owns 34,766 shares of the company’s stock, valued at approximately $949,111.80. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 2,879 shares of company stock worth $80,023. 3.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of TrustCo Bank Corp NY by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,186,342 shares of the bank’s stock valued at $36,836,000 after acquiring an additional 33,892 shares during the period. American Century Companies Inc. increased its position in shares of TrustCo Bank Corp NY by 10.7% in the third quarter. American Century Companies Inc. now owns 202,684 shares of the bank’s stock valued at $5,531,000 after buying an additional 19,523 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of TrustCo Bank Corp NY by 19.5% during the 3rd quarter. AQR Capital Management LLC now owns 192,719 shares of the bank’s stock worth $5,259,000 after buying an additional 31,483 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of TrustCo Bank Corp NY by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,524 shares of the bank’s stock valued at $4,190,000 after buying an additional 7,143 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its stake in TrustCo Bank Corp NY by 33.4% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 131,019 shares of the bank’s stock valued at $3,576,000 after acquiring an additional 32,817 shares during the period. Institutional investors and hedge funds own 68.57% of the company’s stock.

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 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.