TrustCo Bank Corp NY (NASDAQ:TRST) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

TrustCo Bank Corp NY (NASDAQ:TRST) posted its quarterly 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 return on equity of 9.45% and a net margin of 27.95%.

NASDAQ:TRST traded down $1.09 during mid-day trading on Thursday, reaching $32.80. The company’s stock had a trading volume of 1,839 shares, compared to its average volume of 79,957. TrustCo Bank Corp NY has a 12-month low of $25.25 and a 12-month high of $41.47. The firm’s fifty day simple moving average is $29.08. The stock has a market capitalization of $632.71 million, a PE ratio of 12.10 and a beta of 1.19.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 1st. Shareholders of record on Friday, June 4th were given a $0.068 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Thursday, June 3rd. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is 50.37%.

Separately, Zacks Investment Research lowered TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a research 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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