TrustCo Bank Corp NY (NASDAQ:TRST) Short Interest Update

TrustCo Bank Corp NY (NASDAQ:TRST) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 176,300 shares, a decrease of 17.5% from the January 15th total of 213,800 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 94,800 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of TrustCo Bank Corp NY during the 4th quarter worth about $29,000. Versant Capital Management Inc lifted its holdings in shares of TrustCo Bank Corp NY by 263.7% during the fourth quarter. Versant Capital Management Inc now owns 942 shares of the bank’s stock worth $31,000 after buying an additional 683 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of TrustCo Bank Corp NY in the third quarter valued at approximately $33,000. GAMMA Investing LLC grew its stake in shares of TrustCo Bank Corp NY by 55.3% in the third quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock worth $38,000 after acquiring an additional 410 shares during the last quarter. Finally, R Squared Ltd bought a new position in TrustCo Bank Corp NY during the fourth quarter worth $91,000. Institutional investors and hedge funds own 68.57% of the company’s stock.

TrustCo Bank Corp NY Price Performance

NASDAQ TRST opened at $33.38 on Friday. TrustCo Bank Corp NY has a fifty-two week low of $25.83 and a fifty-two week high of $38.89. The stock’s 50-day moving average is $33.22 and its two-hundred day moving average is $33.78. The firm has a market cap of $634.55 million, a P/E ratio of 12.99 and a beta of 0.84.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its earnings results on Tuesday, January 21st. The bank reported $0.59 earnings per share for the quarter. TrustCo Bank Corp NY had a return on equity of 7.37% and a net margin of 18.56%.

TrustCo Bank Corp NY Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a $0.36 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.44 dividend on an annualized basis and a yield of 4.31%. TrustCo Bank Corp NY’s payout ratio is presently 56.03%.

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.