TrustCo Bank Corp NY (NASDAQ:TRST) Short Interest Down 17.5% in January

TrustCo Bank Corp NY (NASDAQ:TRST) was the recipient of a large 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. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 94,800 shares, the short-interest ratio is currently 1.9 days.

TrustCo Bank Corp NY Price Performance

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 company has a market capitalization of $634.55 million, a price-to-earnings ratio of 12.99 and a beta of 0.84. The firm’s fifty day moving average price is $33.22 and its 200 day moving average price is $33.79.

TrustCo Bank Corp NY (NASDAQ:TRST) last released its quarterly 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.31%. The ex-dividend date was Friday, December 6th. TrustCo Bank Corp NY’s dividend payout ratio is currently 56.03%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TRST. Wilmington Savings Fund Society FSB acquired a new position in TrustCo Bank Corp NY during the 4th quarter worth $29,000. Versant Capital Management Inc grew its holdings in TrustCo Bank Corp NY by 263.7% during the 4th 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 acquired a new position in TrustCo Bank Corp NY during the 3rd quarter worth $33,000. GAMMA Investing LLC grew its holdings in TrustCo Bank Corp NY by 55.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,151 shares of the bank’s stock worth $38,000 after acquiring an additional 410 shares in the last quarter. Finally, R Squared Ltd acquired a new position in TrustCo Bank Corp NY during the 4th quarter worth $91,000. 68.57% of the stock is owned by institutional investors and hedge funds.

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.