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

TrustCo Bank Corp NY (NASDAQ:TRST) released its quarterly earnings data on Tuesday. The bank reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.06, MarketWatch Earnings reports. TrustCo Bank Corp NY had a net margin of 27.95% and a return on equity of 9.45%.

Shares of NASDAQ:TRST traded down $0.90 during trading on Thursday, reaching $32.99. The company had a trading volume of 3,026 shares, compared to its average volume of 79,957. The company has a fifty day moving average price of $29.08. The stock has a market cap of $636.38 million, a PE ratio of 12.10 and a beta of 1.19. TrustCo Bank Corp NY has a 12 month low of $25.25 and a 12 month high of $41.47.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 1st. Stockholders of record on Friday, June 4th were issued a $0.068 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Thursday, June 3rd. TrustCo Bank Corp NY’s payout ratio is 50.37%.

Separately, Zacks Investment Research cut 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.

Featured Article: Trading Halts Explained

Earnings History for TrustCo Bank Corp NY (NASDAQ:TRST)

Receive News & Ratings for TrustCo Bank Corp NY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrustCo Bank Corp NY and related companies with MarketBeat.com's FREE daily email newsletter.