Short Interest in TrustCo Bank Corp NY (NASDAQ:TRST) Decreases By 17.5%

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

Institutional Investors Weigh In On TrustCo Bank Corp NY

A number of institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of TrustCo Bank Corp NY in the 4th quarter worth approximately $29,000. Versant Capital Management Inc raised its stake in TrustCo Bank Corp NY by 263.7% during 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 in the last quarter. Capital Performance Advisors LLP bought a new position in shares of TrustCo Bank Corp NY during the third quarter valued at $33,000. GAMMA Investing LLC boosted its stake in shares of TrustCo Bank Corp NY by 55.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock valued at $38,000 after purchasing an additional 410 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of TrustCo Bank Corp NY in the 4th quarter worth about $91,000. 68.57% of the stock is owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Stock Down 0.4 %

TrustCo Bank Corp NY stock opened at $33.38 on Friday. TrustCo Bank Corp NY has a 12 month low of $25.83 and a 12 month high of $38.89. The stock has a market cap of $634.55 million, a price-to-earnings ratio of 12.99 and a beta of 0.84. The business has a 50 day moving average price of $33.22 and a two-hundred day moving average price of $33.78.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Tuesday, January 21st. The bank reported $0.59 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Friday, December 6th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is presently 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.