TrustCo Bank Corp NY (NASDAQ:TRST) Posts 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. The firm had revenue of $66.00 million for the quarter. TrustCo Bank Corp NY had a return on equity of 7.65% and a net margin of 19.22%. During the same quarter last year, the business earned $0.77 EPS.

TrustCo Bank Corp NY Stock Performance

Shares of TRST stock traded down $0.19 on Wednesday, reaching $33.28. 109,906 shares of the company were exchanged, compared to its average volume of 79,291. TrustCo Bank Corp NY has a 1 year low of $23.78 and a 1 year high of $36.51. The business has a 50-day moving average price of $33.23 and a 200 day moving average price of $30.50. The company has a market cap of $633.12 million, a price-to-earnings ratio of 11.93 and a beta of 0.81.

TrustCo Bank Corp NY Dividend Announcement

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

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.