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

TrustCo Bank Corp NY (NASDAQ:TRST) issued its earnings results on Tuesday. The bank reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06, MarketWatch Earnings reports. TrustCo Bank Corp NY had a net margin of 27.95% and a return on equity of 9.45%.

Shares of TRST traded down $0.91 during mid-day trading on Thursday, hitting $32.98. 3,466 shares of the company traded hands, compared to its average volume of 79,957. The business has a 50-day moving average price of $29.08. TrustCo Bank Corp NY has a 1 year low of $25.25 and a 1 year high of $41.47. The company has a market cap of $636.18 million, a PE ratio of 12.10 and a beta of 1.19.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 1st. Stockholders of record on Friday, June 4th were issued a dividend of $0.068 per share. The ex-dividend date was Thursday, June 3rd. This represents a $0.27 annualized dividend and a dividend yield of 0.82%. TrustCo Bank Corp NY’s payout ratio is 50.37%.

Separately, Zacks Investment Research cut shares of TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a report on Thursday, July 1st.

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, partnerships, and corporations. 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.

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Earnings History for TrustCo Bank Corp NY (NASDAQ:TRST)

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