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

TrustCo Bank Corp NY (NASDAQ:TRST) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 93,300 shares, a decline of 19.5% from the November 15th total of 115,900 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 81,100 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of TrustCo Bank Corp NY

A number of hedge funds and other institutional investors have recently made changes to their positions in TRST. Capital Performance Advisors LLP bought a new position in TrustCo Bank Corp NY during the 3rd quarter valued at $33,000. GAMMA Investing LLC lifted its position in shares of TrustCo Bank Corp NY by 55.3% during the third quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock worth $38,000 after purchasing an additional 410 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of TrustCo Bank Corp NY by 577.9% during the second quarter. Meeder Asset Management Inc. now owns 2,942 shares of the bank’s stock worth $85,000 after purchasing an additional 2,508 shares during the last quarter. CWM LLC grew its stake in TrustCo Bank Corp NY by 547.5% in the second quarter. CWM LLC now owns 4,565 shares of the bank’s stock worth $131,000 after purchasing an additional 3,860 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in TrustCo Bank Corp NY in the second quarter valued at about $219,000. Institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Price Performance

Shares of TRST stock opened at $36.79 on Friday. The company’s fifty day moving average price is $35.16 and its two-hundred day moving average price is $32.67. The firm has a market capitalization of $699.38 million, a P/E ratio of 14.72 and a beta of 0.83. TrustCo Bank Corp NY has a 12 month low of $25.83 and a 12 month high of $38.89.

TrustCo Bank Corp NY (NASDAQ:TRST) last released its quarterly earnings results on Monday, October 21st. The bank reported $0.68 EPS for the quarter. TrustCo Bank Corp NY had a return on equity of 7.24% and a net margin of 18.24%. The business had revenue of $66.00 million for the quarter. During the same quarter last year, the firm posted $0.77 EPS.

TrustCo Bank Corp NY Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Friday, December 6th. TrustCo Bank Corp NY’s payout ratio is currently 57.60%.

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.