TrustCo Bank Corp NY (NASDAQ:TRST) Releases Earnings Results, Beats Estimates By $0.13 EPS

TrustCo Bank Corp NY (NASDAQ:TRST) posted its quarterly earnings data on Monday. The bank reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.13, Yahoo Finance reports. TrustCo Bank Corp NY had a net margin of 19.22% and a return on equity of 7.69%. The company had revenue of $66.24 million during the quarter, compared to the consensus estimate of $40.94 million. During the same quarter in the prior year, the company posted $0.86 EPS.

TrustCo Bank Corp NY Stock Performance

TRST traded up $0.66 on Thursday, reaching $34.58. 5,748 shares of the company’s stock were exchanged, compared to its average volume of 78,011. The company’s 50 day moving average is $28.73 and its 200-day moving average is $28.17. The company has a market cap of $657.71 million, a price-to-earnings ratio of 12.16 and a beta of 0.83. TrustCo Bank Corp NY has a twelve month low of $23.78 and a twelve month high of $34.96.

TrustCo Bank Corp NY Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Friday, June 7th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is presently 51.61%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of TrustCo Bank Corp NY from a “sell” rating to a “hold” rating in a research note on Monday, June 17th.

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 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.