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

TrustCo Bank Corp NY (NASDAQ:TRST) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 176,300 shares, a drop of 17.5% from the January 15th total of 213,800 shares. Based on an average daily volume of 94,800 shares, the short-interest ratio is presently 1.9 days. Approximately 1.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On TrustCo Bank Corp NY

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company purchased a new stake in shares of TrustCo Bank Corp NY during the 2nd quarter valued at about $219,000. SG Americas Securities LLC bought a new stake in TrustCo Bank Corp NY during the third quarter worth approximately $229,000. GAMMA Investing LLC increased its stake in 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 acquiring an additional 410 shares during the last quarter. CWM LLC raised its position in TrustCo Bank Corp NY by 36.0% during the third quarter. CWM LLC now owns 6,209 shares of the bank’s stock valued at $205,000 after purchasing an additional 1,644 shares during the period. Finally, First Trust Direct Indexing L.P. bought a new stake in shares of TrustCo Bank Corp NY in the 3rd quarter valued at approximately $222,000. Institutional investors own 68.57% of the company’s stock.

TrustCo Bank Corp NY Trading Down 0.4 %

Shares of TRST stock opened at $33.38 on Monday. The stock has a market capitalization of $634.55 million, a price-to-earnings ratio of 12.99 and a beta of 0.84. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $38.89. The stock’s 50-day moving average price is $33.22 and its 200-day moving average price is $33.77.

TrustCo Bank Corp NY (NASDAQ:TRST) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.59 earnings per share (EPS) 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 firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend was Friday, December 6th. TrustCo Bank Corp NY’s payout ratio is 56.03%.

TrustCo Bank Corp NY Company Profile

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.