TrustCo Bank Corp NY (TRST) To Go Ex-Dividend on December 5th

TrustCo Bank Corp NY (NASDAQ:TRST) announced a quarterly dividend on Tuesday, November 18th. Stockholders of record on Friday, December 5th will be given a dividend of 0.38 per share by the bank on Friday, January 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, December 5th.

TrustCo Bank Corp NY has increased its dividend payment by an average of 0.0%per year over the last three years.

TrustCo Bank Corp NY Trading Up 1.8%

NASDAQ TRST traded up $0.72 during trading on Thursday, reaching $40.42. 6,163 shares of the company’s stock were exchanged, compared to its average volume of 96,350. The company’s fifty day simple moving average is $37.82 and its 200-day simple moving average is $35.38. TrustCo Bank Corp NY has a fifty-two week low of $27.18 and a fifty-two week high of $40.96. The firm has a market capitalization of $744.70 million, a PE ratio of 13.52 and a beta of 0.68.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings data on Tuesday, October 21st. The bank reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $47.81 million during the quarter, compared to analyst estimates of $47.27 million. TrustCo Bank Corp NY had a return on equity of 8.27% and a net margin of 20.74%.During the same period last year, the company earned $0.68 earnings per share.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of TrustCo Bank Corp NY in a report on Monday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

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.