TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) issued its quarterly earnings data on Monday. The bank reported $0.68 earnings per share for the quarter, Yahoo Finance reports. The business had revenue of $66.00 million for the quarter. TrustCo Bank Corp NY had a net margin of 19.22% and a return on equity of 7.65%. During the same quarter in the prior year, the firm earned $0.77 earnings per share.
TrustCo Bank Corp NY Stock Up 2.7 %
Shares of TrustCo Bank Corp NY stock traded up $0.89 on Tuesday, hitting $33.47. 107,872 shares of the company traded hands, compared to its average volume of 79,141. The company has a market cap of $636.26 million, a PE ratio of 12.64 and a beta of 0.81. TrustCo Bank Corp NY has a 12-month low of $23.78 and a 12-month high of $36.51. The company has a 50-day moving average price of $33.21 and a 200 day moving average price of $30.45.
TrustCo Bank Corp NY Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.30%. TrustCo Bank Corp NY's dividend payout ratio is currently 55.60%.
TrustCo Bank Corp NY Company Profile
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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.
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