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

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

TrustCo Bank Corp NY Stock Performance

Shares of TrustCo Bank Corp NY stock opened at $31.49 on Thursday. TrustCo Bank Corp NY has a one year low of $25.83 and a one year high of $38.89. The company has a market capitalization of $598.62 million, a PE ratio of 12.25 and a beta of 0.84. The company has a 50-day simple moving average of $32.56 and a two-hundred day simple moving average of $33.78.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.59 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.44 annualized dividend and a yield of 4.57%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is 56.03%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of TrustCo Bank Corp NY by 74.2% during the third quarter. JPMorgan Chase & Co. now owns 63,128 shares of the bank’s stock worth $2,088,000 after acquiring an additional 26,881 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in TrustCo Bank Corp NY by 29.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 23,305 shares of the bank’s stock worth $771,000 after purchasing an additional 5,248 shares in the last quarter. Barclays PLC grew its position in TrustCo Bank Corp NY by 134.4% during the 3rd quarter. Barclays PLC now owns 37,729 shares of the bank’s stock worth $1,247,000 after purchasing an additional 21,633 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in TrustCo Bank Corp NY during the 3rd quarter valued at approximately $596,000. Finally, Jane Street Group LLC raised its holdings in shares of TrustCo Bank Corp NY by 69.6% in the third quarter. Jane Street Group LLC now owns 33,830 shares of the bank’s stock worth $1,119,000 after buying an additional 13,878 shares during the last quarter. 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.