TrustCo Bank Corp NY (NASDAQ:TRST) Issues Quarterly Earnings Results

TrustCo Bank Corp NY (NASDAQ:TRST) issued its quarterly earnings data on Tuesday. The bank reported $0.59 earnings per share 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 Stock Up 0.9 %

Shares of NASDAQ TRST opened at $32.51 on Wednesday. The business has a 50-day moving average price of $34.77 and a 200 day moving average price of $33.76. The stock has a market cap of $618.02 million, a PE ratio of 13.00 and a beta of 0.85. TrustCo Bank Corp NY has a 52-week low of $25.83 and a 52-week high of $38.89.

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 given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Friday, December 6th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is currently 57.60%.

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.