Trustco Bank Corp N Y 2017 Q4 Institutional Investor Sentiment Better Than Expected

April 16, 2018 - By reb123z

Sentiment for Trustco Bank Corp N Y (NASDAQ:TRST)

Trustco Bank Corp N Y (NASDAQ:TRST) institutional sentiment decreased to 1.36 in 2017 Q4. Its down -0.39, from 1.75 in 2017Q3. The ratio has worsened, as 75 hedge funds increased and started new equity positions, while 55 cut down and sold positions in Trustco Bank Corp N Y. The hedge funds in our partner’s database now have: 56.38 million shares, up from 55.96 million shares in 2017Q3. Also, the number of hedge funds holding Trustco Bank Corp N Y in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 9 Reduced: 46 Increased: 48 New Position: 27.

TrustCo Bank Corp NY operates as the holding firm for Trustco Bank that provides personal and business banking services to individuals, partnerships, and firms. The company has market cap of $833.47 million. The firm is primarily involved in accepting deposits, and making loans and investments. It has a 19.31 P/E ratio. 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.

It closed at $8.65 lastly. It is down 9.74% since April 16, 2017 and is uptrending. It has underperformed by 1.81% the S&P500.

Trustco Bank Corp N Y holds 10.08% of its portfolio in TrustCo Bank Corp NY for 1.06 million shares. Jbf Capital Inc. owns 260,000 shares or 0.3% of their US portfolio. Moreover, Nj State Employees Deferred Compensation Plan has 0.25% invested in the company for 160,000 shares. The New Jersey-based Systematic Financial Management Lp has invested 0.17% in the stock. Hugh Johnson Advisors Llc, a New York-based fund reported 59,882 shares.#img1#

Since January 1, 0001, it had 1 insider purchase, and 1 insider sale for $19,958 activity.

TrustCo Bank Corp NY (NASDAQ:TRST) Institutional Positions Chart

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