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

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

TrustCo Bank Corp NY Trading Up 0.9 %

TrustCo Bank Corp NY stock traded up $0.29 during mid-day trading on Tuesday, hitting $32.51. The stock had a trading volume of 102,692 shares, compared to its average volume of 92,016. The stock has a market capitalization of $618.02 million, a PE ratio of 13.00 and a beta of 0.85. TrustCo Bank Corp NY has a 12 month low of $25.83 and a 12 month high of $38.89. The stock has a 50-day simple moving average of $34.86 and a two-hundred day simple moving average of $33.73.

TrustCo Bank Corp NY Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a $0.36 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.44 annualized dividend and a dividend yield of 4.43%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is currently 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.