TrustCo Bank Corp NY (NASDAQ:TRST) Short Interest Down 48.1% in November

TrustCo Bank Corp NY (NASDAQ:TRST) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 115,900 shares, a decrease of 48.1% from the October 31st total of 223,300 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 80,200 shares, the short-interest ratio is presently 1.4 days.

TrustCo Bank Corp NY Trading Down 0.9 %

TRST traded down $0.32 on Friday, reaching $37.24. The company had a trading volume of 54,469 shares, compared to its average volume of 79,207. TrustCo Bank Corp NY has a one year low of $25.83 and a one year high of $38.89. The company has a fifty day moving average of $34.28 and a 200-day moving average of $32.02. The company has a market capitalization of $707.93 million, a P/E ratio of 14.90 and a beta of 0.81.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.68 earnings per share for the quarter. TrustCo Bank Corp NY had a net margin of 18.24% and a return on equity of 7.24%. The company had revenue of $66.00 million during the quarter. During the same quarter last year, the business posted $0.77 EPS.

TrustCo Bank Corp NY Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, December 6th. This represents a $1.44 annualized dividend and a dividend yield of 3.87%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is 57.60%.

Hedge Funds Weigh In On TrustCo Bank Corp NY

Large investors have recently made changes to their positions in the business. Boston Partners bought a new position in shares of TrustCo Bank Corp NY during the 1st quarter valued at about $525,000. Bank of New York Mellon Corp lifted its stake in TrustCo Bank Corp NY by 8.6% during the second quarter. Bank of New York Mellon Corp now owns 243,227 shares of the bank’s stock valued at $6,998,000 after buying an additional 19,316 shares in the last quarter. AQR Capital Management LLC lifted its stake in TrustCo Bank Corp NY by 31.7% during the second quarter. AQR Capital Management LLC now owns 304,658 shares of the bank’s stock valued at $8,765,000 after buying an additional 73,250 shares in the last quarter. Vanguard Group Inc. lifted its stake in TrustCo Bank Corp NY by 1.1% during the first quarter. Vanguard Group Inc. now owns 1,325,803 shares of the bank’s stock valued at $37,335,000 after buying an additional 14,183 shares in the last quarter. Finally, CWM LLC lifted its stake in TrustCo Bank Corp NY by 547.5% during the second quarter. CWM LLC now owns 4,565 shares of the bank’s stock valued at $131,000 after buying an additional 3,860 shares in the last quarter. Institutional investors own 68.57% of the company’s stock.

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.