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

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 124,500 shares, an increase of 33.4% from the November 30th total of 93,300 shares. Based on an average daily volume of 92,300 shares, the short-interest ratio is currently 1.3 days. Approximately 0.7% of the shares of the company are short sold.

TrustCo Bank Corp NY Price Performance

Shares of NASDAQ TRST traded down $0.39 during trading on Friday, reaching $33.42. 60,449 shares of the stock traded hands, compared to its average volume of 82,298. The stock has a market capitalization of $635.31 million, a P/E ratio of 13.37 and a beta of 0.83. TrustCo Bank Corp NY has a 52-week low of $25.83 and a 52-week high of $38.89. The company has a 50-day moving average of $35.43 and a 200-day moving average of $33.16.

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The bank reported $0.68 EPS for the quarter. The business had revenue of $66.00 million for 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 company earned $0.77 earnings per share.

TrustCo Bank Corp NY Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 4.31%. TrustCo Bank Corp NY's payout ratio is 57.60%.

Institutional Investors Weigh In On TrustCo Bank Corp NY

Several institutional investors have recently made changes to their positions in TRST. Capital Performance Advisors LLP purchased a new stake in TrustCo Bank Corp NY during the 3rd quarter worth about $33,000. GAMMA Investing LLC lifted its holdings 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 buying an additional 410 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of TrustCo Bank Corp NY by 577.9% in the second quarter. Meeder Asset Management Inc. now owns 2,942 shares of the bank's stock valued at $85,000 after acquiring an additional 2,508 shares during the period. CWM LLC boosted its position in shares of TrustCo Bank Corp NY by 36.0% in the third quarter. CWM LLC now owns 6,209 shares of the bank's stock valued at $205,000 after acquiring an additional 1,644 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in TrustCo Bank Corp NY during the second quarter valued at approximately $219,000. Hedge funds and other institutional investors own 68.57% of the company's stock.

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.