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

TrustCo Bank Corp NY (NASDAQ:TRST) released its earnings results on Monday. The bank reported $0.68 earnings per share (EPS) for the quarter, Yahoo Finance reports. TrustCo Bank Corp NY had a return on equity of 7.65% and a net margin of 19.22%. The business had revenue of $66.00 million for the quarter. During the same quarter in the previous year, the company posted $0.77 EPS.

TrustCo Bank Corp NY Trading Down 3.6 %

NASDAQ:TRST opened at $32.58 on Tuesday. The firm has a fifty day simple moving average of $33.19 and a 200 day simple moving average of $30.42. TrustCo Bank Corp NY has a 1-year low of $23.78 and a 1-year high of $36.51. The stock has a market capitalization of $619.35 million, a PE ratio of 12.58 and a beta of 0.81.

TrustCo Bank Corp NY Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Friday, September 6th. TrustCo Bank Corp NY’s payout ratio is presently 55.60%.

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.