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

TrustCo Bank Corp NY (NASDAQ:TRST) announced its earnings results on Monday. The bank reported $0.68 earnings per share (EPS) 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 company had revenue of $66.00 million for the quarter. During the same period last year, the firm earned $0.77 EPS.

TrustCo Bank Corp NY Price Performance

NASDAQ TRST traded down $0.19 during trading hours on Wednesday, hitting $33.28. 109,906 shares of the company’s stock traded hands, compared to its average volume of 79,291. The firm’s 50-day moving average is $33.23 and its 200-day moving average is $30.50. TrustCo Bank Corp NY has a 52-week low of $23.78 and a 52-week high of $36.51. The company has a market capitalization of $633.12 million, a PE ratio of 11.93 and a beta of 0.81.

TrustCo Bank Corp NY Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a yield of 4.33%. TrustCo Bank Corp NY’s payout ratio is presently 51.61%.

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.