TrustCo Bank Corp NY (NASDAQ:TRST) Releases Quarterly Earnings Results

TrustCo Bank Corp NY (NASDAQ:TRST) released its earnings results on Tuesday. The bank reported $0.59 EPS for the quarter, Zacks reports. TrustCo Bank Corp NY had a return on equity of 7.24% and a net margin of 18.24%.

TrustCo Bank Corp NY Trading Up 0.9 %

TRST traded up $0.29 on Tuesday, reaching $32.51. The stock had a trading volume of 102,692 shares, compared to its average volume of 92,016. The business’s 50-day moving average price is $34.86 and its two-hundred day moving average price is $33.73. 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 cap of $618.02 million, a P/E ratio of 13.00 and a beta of 0.85.

TrustCo Bank Corp NY Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.44 annualized dividend and a yield of 4.43%. TrustCo Bank Corp NY’s dividend payout ratio is presently 57.60%.

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.