TrustCo Bank Corp NY (NASDAQ:TRST) posted its earnings results on Wednesday. The bank reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14, MarketWatch Earnings reports. TrustCo Bank Corp NY had a return on equity of 9.55% and a net margin of 26.28%.
TRST stock opened at $7.08 on Friday. The company’s 50 day moving average price is $6.74 and its 200 day moving average price is $6.05. The firm has a market capitalization of $682.75 million, a price-to-earnings ratio of 12.87 and a beta of 1.20. TrustCo Bank Corp NY has a fifty-two week low of $4.30 and a fifty-two week high of $8.23.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 4th. Stockholders of record on Friday, December 4th were paid a $0.068 dividend. This represents a $0.27 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Thursday, December 3rd. TrustCo Bank Corp NY’s payout ratio is presently 45.00%.
A number of analysts recently issued reports on TRST shares. Piper Sandler cut their price objective on TrustCo Bank Corp NY from $7.00 to $6.50 and set an “overweight” rating for the company in a research report on Monday, September 28th. Zacks Investment Research raised shares of TrustCo Bank Corp NY from a “hold” rating to a “buy” rating and set a $7.25 price target on the stock in a research note on Thursday, December 17th. Finally, TheStreet upgraded shares of TrustCo Bank Corp NY from a “c” rating to a “b-” rating in a report on Friday, November 27th.
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, partnerships, and corporations. The company is primarily involved in accepting deposits, and making 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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