TrustCo Bank Corp NY (NASDAQ:TRST) Short Interest Up 20.2% in February

TrustCo Bank Corp NY (NASDAQ:TRST) was the recipient of a significant increase in short interest in the month of 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. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 91,600 shares, the short-interest ratio is presently 2.3 days.

TrustCo Bank Corp NY Price Performance

Shares of NASDAQ TRST opened at $31.39 on Friday. TrustCo Bank Corp NY has a 1-year low of $25.83 and a 1-year high of $38.89. The business has a 50-day moving average of $32.56 and a 200-day moving average of $33.78. The company has a market capitalization of $596.72 million, a price-to-earnings ratio of 12.21 and a beta of 0.84.

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

The firm also recently announced 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Friday, March 7th. TrustCo Bank Corp NY’s payout ratio is 56.03%.

Hedge Funds Weigh In On TrustCo Bank Corp NY

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of TrustCo Bank Corp NY by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,231,523 shares of the bank’s stock valued at $41,022,000 after purchasing an additional 15,482 shares in the last quarter. Systematic Financial Management LP raised its position in shares of TrustCo Bank Corp NY by 4.3% during the 4th quarter. Systematic Financial Management LP now owns 1,156,983 shares of the bank’s stock valued at $38,539,000 after acquiring an additional 47,422 shares in the last quarter. Franklin Resources Inc. raised its position in shares of TrustCo Bank Corp NY by 1.7% during the 4th quarter. Franklin Resources Inc. now owns 450,602 shares of the bank’s stock valued at $15,010,000 after acquiring an additional 7,712 shares in the last quarter. Geode Capital Management LLC raised its position in shares of TrustCo Bank Corp NY by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 442,783 shares of the bank’s stock valued at $14,646,000 after acquiring an additional 6,249 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of TrustCo Bank Corp NY by 9.5% during the 4th quarter. American Century Companies Inc. now owns 407,703 shares of the bank’s stock valued at $13,581,000 after acquiring an additional 35,343 shares in the last quarter. 68.57% of the stock is owned by institutional investors and hedge funds.

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.