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

TrustCo Bank Corp NY (NASDAQ:TRST) released its quarterly earnings data on Monday. The bank reported $0.68 earnings per share for the quarter, Yahoo Finance reports. TrustCo Bank Corp NY had a net margin of 19.22% and a return on equity of 7.65%. The business had revenue of $66.00 million for the quarter. During the same period in the previous year, the business earned $0.77 EPS.

TrustCo Bank Corp NY Stock Up 2.7 %

TRST opened at $33.47 on Wednesday. The stock has a market cap of $636.26 million, a P/E ratio of 12.92 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 fifty day simple moving average of $33.21 and a 200 day simple moving average 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 $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Friday, September 6th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is 55.60%.

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.