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

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 115,900 shares, a drop of 48.1% from the October 31st total of 223,300 shares. Currently, 0.6% of the company's shares are short sold. Based on an average daily volume of 80,200 shares, the short-interest ratio is presently 1.4 days.

TrustCo Bank Corp NY Trading Down 0.0 %

Shares of TRST traded down $0.01 during trading hours on Thursday, reaching $37.56. 42,364 shares of the company traded hands, compared to its average volume of 79,315. The stock's fifty day moving average price is $34.15 and its 200 day moving average price is $31.94. The firm has a market cap of $714.02 million, a price-to-earnings ratio of 15.02 and a beta of 0.81. 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 - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The bank reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $66.00 million during the quarter. TrustCo Bank Corp NY had a net margin of 18.24% and a return on equity of 7.24%. During the same period last year, the firm earned $0.77 earnings per share.

TrustCo Bank Corp NY Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, December 6th. This represents a $1.44 annualized dividend and a yield of 3.83%. TrustCo Bank Corp NY's payout ratio is currently 57.60%.

Institutional Investors Weigh In On TrustCo Bank Corp NY

A number of institutional investors and hedge funds have recently bought and sold shares of TRST. Systematic Financial Management LP increased its stake in shares of TrustCo Bank Corp NY by 17.0% during the third quarter. Systematic Financial Management LP now owns 1,109,561 shares of the bank's stock valued at $36,693,000 after buying an additional 161,001 shares during the period. Verition Fund Management LLC increased its position in TrustCo Bank Corp NY by 35.2% during the 3rd quarter. Verition Fund Management LLC now owns 290,208 shares of the bank's stock valued at $9,597,000 after purchasing an additional 75,594 shares during the period. AQR Capital Management LLC raised its holdings in shares of TrustCo Bank Corp NY by 31.7% in the 2nd quarter. AQR Capital Management LLC now owns 304,658 shares of the bank's stock valued at $8,765,000 after purchasing an additional 73,250 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of TrustCo Bank Corp NY by 270.4% in the 2nd quarter. Acadian Asset Management LLC now owns 88,701 shares of the bank's stock worth $2,550,000 after purchasing an additional 64,751 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of TrustCo Bank Corp NY by 17.8% during the second quarter. American Century Companies Inc. now owns 331,049 shares of the bank's stock valued at $9,524,000 after purchasing an additional 50,106 shares in the last quarter. 68.57% of the stock is owned by institutional investors.

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.