TrustCo Bank Corp NY (TRST) Announces $0.07 Quarterly Dividend

TrustCo Bank Corp NY (NASDAQ:TRST) announced a quarterly dividend on Tuesday, November 20th, RTT News reports. Stockholders of record on Friday, December 7th will be given a dividend of 0.0681 per share by the bank on Wednesday, January 2nd. This represents a $0.27 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Thursday, December 6th.

Shares of TRST stock opened at $7.89 on Friday. The firm has a market cap of $751.04 million, a P/E ratio of 12.95 and a beta of 1.02. TrustCo Bank Corp NY has a 1 year low of $7.26 and a 1 year high of $9.70.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its quarterly earnings data on Monday, October 22nd. The bank reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $44.98 million during the quarter. TrustCo Bank Corp NY had a return on equity of 12.39% and a net margin of 27.07%.

In related news, insider Kevin M. Curley purchased 5,000 shares of the company’s stock in a transaction on Wednesday, November 14th. The stock was bought at an average price of $7.76 per share, with a total value of $38,800.00. Following the completion of the transaction, the insider now owns 90,142 shares of the company’s stock, valued at approximately $699,501.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 11,323 shares of company stock valued at $86,899 in the last three months. 3.80% of the stock is currently owned by company insiders.

TRST has been the subject of several research reports. BidaskClub raised TrustCo Bank Corp NY from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. ValuEngine cut TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th.

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About TrustCo Bank Corp NY

TrustCo Bank Corp NY operates as the holding company for Trustco 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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