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

TrustCo Bank Corp NY (NASDAQ:TRST) issued its quarterly earnings results on Tuesday. The bank reported $0.59 earnings per share for the quarter, Zacks reports. TrustCo Bank Corp NY had a net margin of 18.56% and a return on equity of 7.42%.

TrustCo Bank Corp NY Stock Performance

NASDAQ TRST opened at $31.55 on Thursday. TrustCo Bank Corp NY has a fifty-two week low of $25.83 and a fifty-two week high of $38.89. The stock has a market cap of $599.77 million, a PE ratio of 12.28 and a beta of 0.85. The firm’s fifty day moving average price is $34.66 and its two-hundred day moving average price is $33.75.

TrustCo Bank Corp NY Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.56%. The ex-dividend date was Friday, December 6th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is presently 56.03%.

TrustCo Bank Corp NY Company Profile

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.