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

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 211,900 shares, a growth of 20.2% from the January 31st total of 176,300 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 91,600 shares, the short-interest ratio is currently 2.3 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of TrustCo Bank Corp NY by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,568 shares of the bank's stock worth $352,000 after acquiring an additional 362 shares during the period. Versant Capital Management Inc raised its position in shares of TrustCo Bank Corp NY by 263.7% in the fourth quarter. Versant Capital Management Inc now owns 942 shares of the bank's stock worth $31,000 after acquiring an additional 683 shares during the period. MetLife Investment Management LLC raised its position in shares of TrustCo Bank Corp NY by 8.2% in the fourth quarter. MetLife Investment Management LLC now owns 11,207 shares of the bank's stock worth $373,000 after acquiring an additional 846 shares during the period. Barclays PLC raised its position in shares of TrustCo Bank Corp NY by 2.3% in the fourth quarter. Barclays PLC now owns 38,579 shares of the bank's stock worth $1,285,000 after acquiring an additional 850 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of TrustCo Bank Corp NY in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 68.57% of the company's stock.

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TrustCo Bank Corp NY Stock Performance

NASDAQ TRST traded down $0.34 on Friday, reaching $31.05. 76,919 shares of the company's stock traded hands, compared to its average volume of 83,496. The firm has a market cap of $590.26 million, a price-to-earnings ratio of 12.08 and a beta of 0.80. The stock has a 50 day moving average price of $32.47 and a 200-day moving average price of $33.76. TrustCo Bank Corp NY has a fifty-two week low of $25.83 and a fifty-two week high of $38.89.

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

TrustCo Bank Corp NY Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a $0.36 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.64%. TrustCo Bank Corp NY's dividend payout ratio (DPR) is currently 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.