Originally published on Best Stocks Category: best stocks to buy now The equity research team at StockNews.com has upgraded their recommendation for TrustCo Bank Corp NY (NASDAQ: TRST), moving it up from a “hold” rating to a “buy” rating, as stated in a report that was published on Friday.The rating for TrustCo Bank Corp., NY, was previously designated as “c+,” but it was raised to “b-” in a separate evaluation published on Thursday, July 28th.The price of TRST dropped to $37.30 due to trading activity that took place on Friday during lunchtime. Today, a total of 54,276 shares were traded, which is lower than the company’s daily volume average of 70,094 shares; a total of 54,276 shares were traded, which is lower than the company’s daily volume average of 70,094 shares. The stock’s price is currently trading at $34.03, and its simple moving average for the past 50 days is $34.03. The simple moving average for the past 200 days is $32.77. The current beta value for the company is 0.94, the P/E ratio for the company is 10.14, and its market capitalization is 710.64 million dollars. TrustCo Bank Corp. (NY) reached an all-time low of $29.50 and an all-time high of $29.50 over the past year, while the respective high was $38.46.Tuesday, October 25th, saw the release of the earnings report for TrustCo Bank Corp., New York (NASDAQ: TRST), which had been scheduled for that day. The bank reported earnings per share for the quarter of $1.01, which was $0.13 higher than the consensus estimate among analysts, who had predicted earnings per share of $0.88. The return on equity came in at 11.87% for TrustCo Bank Corp., NY, while the net margin for the company was 36.13%. In the same period as the previous year, the company made a profit of $0.87 for each share it issued. The analysts who follow the equity markets forecast that TrustCo Bank Corp. of New York will bring in $3.83 in profits per share in 2018.Additionally, on Friday, August 26th, Executive Vice President Kevin M. Curley bought 750 shares of TrustCo Bank Corp. NY stock. This information regarding TrustCo Bank Corp., NY, was reported in other recent news. The number of shares was acquired for a total cost of $25,590.00, which works out to a price of $34.12 per share on average. As a direct result of the acquisition, the executive vice president now possesses 29,115 shares of company stock, which have a value of $993,403.80 per share. By clicking on the link, which will take you to a document presented to the Securities and Exchange Commission, you will have the opportunity to obtain additional information regarding the acquisition. The company’s insiders own the company’s stock to 2.90 percent.As a result of recent occurrences, institutional investors and hedge funds have modified their positions within the industry. During the third quarter, Gabelli Funds LLC achieved a 5.3% increase in the amount of TrustCo Bank Corp. NY stock it owned, thanks to its success in purchasing additional shares. Gabelli Funds LLC now has 40,597 shares of the bank’s stock, which are worth a combined total of $1,276,000 after the company made an additional purchase of 2,050 of those shares during the most recent fiscal quarter. During the third quarter, Dimensional Fund Advisors LP made a 4.7% purchase of additional TrustCo Bank Corp. NY shares, bringing the total number of those shares it possessed to 102. Following purchasing 47,053 additional shares throughout the month, Dimensional Fund Advisors LP is now the owner of 1,042,983 shares of the bank’s stock, which have a value of $32,770,000. This brings the total number of shares owned by the firm to 1,042,983. UBS Group AG increased the proportion of TrustCo Bank Corp. NY stock owned by 53.1% during the third quarter. The most recent quarter saw UBS Group AG purchase an additional 2,165 shares of the bank’s stock, bringing the total number of shares purchased to 6,239 at a value of $196,000.00. This brings the total number of shares purchased to 6. During the third quarter, Mutual of America Capital Management LLC achieved an 18.1% increase in the amount of TrustCo Bank Corp. NY stock that it owned, thanks to this company’s continued success. Mutual of America Capital Management LLC now has 3,806 shares of the bank’s stock, which have a combined market value of $120,000, after the company made an additional purchase of 582 shares during the period covered by this report. And finally, there was a 46.3% increase in the amount of ownership TrustCo Bank Corp., NY, had in Prudential Financial Inc. during the third quarter of this year. After acquiring an additional 12,291 shares during the most recent quarter, Prudential Financial Inc. now has 38,852 shares. The current value of these shares, when traded on the market, is $1,221,000. Institutional investors and hedge funds have collectively amassed ownership of 65.70 percent of the company’s shares.The holding company for Trustco Bank, a federal savings bank that provides personal and commercial banking services to individuals, partnerships, and businesses, is called TrustCo Bank Corp., NY. Trustco Bank is a subsidiary of Trustco Bank Corp., NY. The Trustco Bank is the company that offers these services. In addition to acting as a depository for members’ funds, the organization makes lending services available and investment opportunities. In addition, it performs the functions of a real estate investment trust by purchasing, holding, and managing real estate mortgage assets, such as residential mortgage loans and mortgage-backed securities. These are all examples of real estate mortgage assets. Among these functions is the purchase of mortgage assets secured by real estate.