TrustCo Bank Corp NY (NASDAQ:TRST) Posts Earnings Results

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

TrustCo Bank Corp NY Stock Performance

TRST stock opened at $32.58 on Tuesday. The firm has a market capitalization of $619.35 million, a price-to-earnings ratio of 12.58 and a beta of 0.81. TrustCo Bank Corp NY has a fifty-two week low of $23.78 and a fifty-two week high of $36.51. The company’s 50 day moving average price is $33.19 and its 200 day moving average price is $30.42.

TrustCo Bank Corp NY Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.42%. TrustCo Bank Corp NY’s payout ratio is 55.60%.

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.