November 18, 2016 - By Marguerite Chambers · 0 Comments
The stock of Trustco Bank Corporation New York (NASDAQ:TRST) registered a decrease of 2.06% in short interest. TRST’s total short interest was 1.31 million shares in November as published by FINRA. Its down 2.06% from 1.34 million shares, reported previously. With 177,500 shares average volume, it will take short sellers 7 days to cover their TRST’s short positions. The short interest to Trustco Bank Corporation New York’s float is 1.43%. The stock closed at $8.05 during the last session. It is down 27.37% since April 18, 2016 and is uptrending. It has outperformed by 22.94% the S&P500.
Trustco Bank Corp NY is a savings and loan holding company. The company has a market cap of $765.67 million. The Company’s principal subsidiary is Trustco Bank . It has a 18.31 P/E ratio. The Firm operates through the community banking segment.
Insitutional Activity: The institutional sentiment decreased to 1.24 in 2016 Q2. Its down 0.03, from 1.27 in 2016Q1. The ratio dropped, as 5 funds sold all TrustCo Bank Corp NY shares owned while 40 reduced positions. 11 funds bought stakes while 46 increased positions. They now own 52.23 million shares or 1.19% less from 52.86 million shares in 2016Q1.
Teachers Retirement Of The State Of Kentucky has 23,900 shares for 0% of their US portfolio. Vanguard Group Inc holds 0% or 4.53M shares in its portfolio. Ladenburg Thalmann Fin Services last reported 0% of its portfolio in the stock. Quantbot Tech Limited Partnership owns 395 shares or 0% of their US portfolio. Trustco Commercial Bank Corp N Y reported 1.06M shares or 6.88% of all its holdings. Ancora Limited Liability Com last reported 0.09% of its portfolio in the stock. Secor Cap Advisors L P reported 35,747 shares or 0.03% of all its holdings. Wells Fargo & Com Mn holds 0% or 35,433 shares in its portfolio. Creative Planning last reported 1,946 shares in the company. Morgan Stanley last reported 279,389 shares in the company. Commonwealth Equity Serv holds 133,630 shares or 0.01% of its portfolio. Legal General Gp Public Limited holds 0% or 19,251 shares in its portfolio. Pnc Serv Gru reported 13,245 shares or 0% of all its holdings. Citigroup accumulated 77,755 shares or 0% of the stock. Moreover, Cambridge Invest Rech has 0% invested in TrustCo Bank Corp NY (NASDAQ:TRST) for 12,420 shares.
Insider Transactions: Since October 27, 2016, the stock had 1 buy, and 1 insider sale for $32,600 net activity. $67,500 worth of shares were bought by FLYNN BRIAN C on Thursday, November 10. POWERS WILLIAM D had sold 5,000 shares worth $34,900.
Out of 3 analysts covering TrustCo Bank Corp (NASDAQ:TRST), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. TrustCo Bank Corp has been the topic of 6 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was upgraded by Keefe Bruyette & Woods on Wednesday, October 7 to “Mkt Perform”. The rating was upgraded by Wood on Wednesday, October 7 to “Market Perform”. Bruyette & Woods” downgraded the shares of TRST in a report on Thursday, July 23 to “Underperform” rating. Zacks downgraded the stock to “Hold” rating in Wednesday, August 12 report.
Trustco Bank Corp NY, incorporated on October 28, 1981, is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Firm operates through the community banking segment. The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and firms. The Bank’s business consists of accepting deposits and making loans and investments. The Bank provides both personal and business banking services. The Bank operates approximately 160 automatic teller machines (ATMs) and approximately 150 banking offices. The Bank’s subsidiary, Trustco Realty Corp., is a real estate investment trust (REIT) formed to acquire, hold and manage real estate mortgage assets, including residential mortgage loans and mortgage backed securities. The Bank’s trust department operates under the name, Trustco Financial Services, and serves as executor of estates and trustee of personal trusts, provides asset and wealth management services, provides estate planning and related advice, provides custodial services, and acts as trustee for various types of employee benefit plans and corporate pension and profit sharing trusts. The Company’s subsidiary, ORE Subsidiary Corp., is formed to hold and manage foreclosed properties acquired by the Bank.
Another recent and important TrustCo Bank Corp NY (NASDAQ:TRST) news was published by Seekingalpha.com which published an article titled: “Cashing In On TrustCo Bank” on November 16, 2016.
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By Marguerite Chambers