TrustCo Bank Corp NY (NASDAQ:TRST) to Issue $0.07 Quarterly Dividend

TrustCo Bank Corp NY (NASDAQ:TRST) declared a quarterly dividend on Tuesday, November 19th, Zacks reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.068 per share by the bank on Thursday, January 2nd. This represents a $0.27 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, December 5th.

Shares of TRST stock opened at $8.72 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. The stock has a market cap of $850.93 million, a P/E ratio of 14.16 and a beta of 1.10. The stock has a 50 day simple moving average of $8.59 and a 200 day simple moving average of $8.02. TrustCo Bank Corp NY has a 1 year low of $6.51 and a 1 year high of $8.92.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm had revenue of $43.57 million for the quarter. TrustCo Bank Corp NY had a return on equity of 11.80% and a net margin of 28.50%.

Several research firms have recently issued reports on TRST. ValuEngine lowered TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. BidaskClub raised TrustCo Bank Corp NY from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd.

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 is primarily involved in accepting deposits, and making 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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Dividend History for TrustCo Bank Corp NY (NASDAQ:TRST)

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