Royce & Associates Reduces Stake in TrustCo Bank Corp NY

Investment firm sells over 85,000 shares of regional bank's stock

Published on Mar. 5, 2026

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Royce & Associates LP, an investment management firm, has reduced its stake in TrustCo Bank Corp NY (NASDAQ:TRST) by 41.5%, selling 85,347 shares during the third quarter. The firm now owns 120,449 shares, or 0.64% of the bank's outstanding stock, valued at $4.37 million.

Why it matters

This transaction highlights the shifting investment strategies of institutional investors in the banking sector. Royce & Associates' decision to trim its position in TrustCo Bank Corp NY may signal broader market trends or concerns about the bank's performance or outlook.

The details

According to a recent 13F filing with the SEC, Royce & Associates sold 85,347 shares of TrustCo Bank Corp NY stock during the third quarter. The firm now holds 120,449 shares, down from the previous quarter's 205,796 shares. TrustCo Bank Corp NY is a regional bank headquartered in Glens Falls, New York, providing banking and financial services primarily across upstate New York and western Massachusetts.

  • Royce & Associates sold the shares during the third quarter of 2026.

The players

Royce & Associates LP

An investment management firm that has reduced its stake in TrustCo Bank Corp NY.

TrustCo Bank Corp NY

A regional bank headquartered in Glens Falls, New York, providing banking and financial services primarily across upstate New York and western Massachusetts.

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The takeaway

This transaction highlights the ongoing shifts in institutional investment strategies within the banking sector, as firms like Royce & Associates adjust their portfolios in response to market conditions and their own investment theses.