TrustCo Bank Corp NY (NASDAQ:TRST – Get Free Report) issued its quarterly earnings data on Wednesday. The bank reported $1.02 EPS for the quarter, Zacks reports. TrustCo Bank Corp NY had a return on equity of 9.62% and a net margin of 22.76%.
TrustCo Bank Corp NY Trading Down 1.0%
Shares of NASDAQ:TRST traded down $0.54 during trading on Wednesday, hitting $54.19. 94,869 shares of the company’s stock were exchanged, compared to its average volume of 120,427. TrustCo Bank Corp NY has a 1-year low of $36.40 and a 1-year high of $59.28. The firm has a 50-day moving average price of $56.23 and a two-hundred day moving average price of $53.28. The firm has a market cap of $922.86 million, a P/E ratio of 15.05 and a beta of 0.65.
TrustCo Bank Corp NY Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 4th were paid a $0.40 dividend. This is a boost from TrustCo Bank Corp NY’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.60 annualized dividend and a dividend yield of 3.0%. TrustCo Bank Corp NY’s payout ratio is 44.44%.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of TrustCo Bank Corp NY from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, TrustCo Bank Corp NY has an average rating of “Strong Buy”.
View Our Latest Report on TRST
About TrustCo Bank Corp NY
TrustCo Bank Corp NY is the holding company for Trustco Bank, a community-focused savings bank headquartered in Glenville, New York. Founded in 1902, the company provides banking and financial services to individuals, families, and businesses through a network of branches and digital banking channels.
Trustco Bank’s products and services include checking and savings accounts, certificates of deposit, consumer lending, residential mortgages, home equity loans and lines of credit, and commercial real estate financing.
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