TrustCo Bank Corp NY (NASDAQ:TRST – Get Free Report) 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
Read Our Latest Report on TrustCo Bank Corp NY
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.
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