TrustCo Bank Corp NY (NASDAQ:TRST – Get Free Report) issued its quarterly earnings results on Monday. The bank reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.13, Yahoo Finance reports. The company had revenue of $66.24 million for the quarter, compared to analyst estimates of $40.94 million. TrustCo Bank Corp NY had a return on equity of 7.69% and a net margin of 19.22%. During the same period in the previous year, the company posted $0.86 earnings per share.
TrustCo Bank Corp NY Stock Performance
TRST traded down $0.80 on Wednesday, hitting $33.92. 84,722 shares of the company were exchanged, compared to its average volume of 78,524. TrustCo Bank Corp NY has a 12 month low of $23.78 and a 12 month high of $34.96. The company has a market cap of $645.16 million, a PE ratio of 12.19 and a beta of 0.83. The stock’s fifty day moving average is $28.63 and its 200-day moving average is $28.13.
TrustCo Bank Corp NY Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.44 annualized dividend and a yield of 4.25%. TrustCo Bank Corp NY’s payout ratio is presently 51.61%.
Analysts Set New Price Targets
Read Our Latest Report on TrustCo Bank Corp NY
About TrustCo Bank Corp NY
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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