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

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

TrustCo Bank Corp NY Stock Performance

Shares of NASDAQ:TRST traded up $0.29 during midday trading on Tuesday, hitting $32.51. The company’s stock had a trading volume of 102,692 shares, compared to its average volume of 92,016. The business’s 50 day simple moving average is $34.86 and its 200 day simple moving average is $33.73. The company has a market cap of $618.02 million, a P/E 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.

TrustCo Bank Corp NY Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were given a $0.36 dividend. 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 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.