TrustCo Bank Corp NY (NASDAQ:TRST) announced its quarterly earnings data on Wednesday. The bank reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14, MarketWatch Earnings reports. TrustCo Bank Corp NY had a return on equity of 9.55% and a net margin of 26.28%.
Shares of TRST opened at $7.08 on Friday. The business’s 50-day moving average price is $6.74 and its 200-day moving average price is $6.05. TrustCo Bank Corp NY has a twelve month low of $4.30 and a twelve month high of $8.23. The stock has a market cap of $682.75 million, a PE ratio of 12.87 and a beta of 1.20.
The business also recently declared a quarterly dividend, which was paid on Monday, January 4th. Stockholders of record on Friday, December 4th were given a dividend of $0.068 per share. This represents a $0.27 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Thursday, December 3rd. TrustCo Bank Corp NY’s dividend payout ratio is presently 45.00%.
TRST has been the topic of a number of research reports. Zacks Investment Research upgraded TrustCo Bank Corp NY from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a research note on Thursday, December 17th. Piper Sandler lowered their price objective on TrustCo Bank Corp NY from $7.00 to $6.50 and set an “overweight” rating on the stock in a research note on Monday, September 28th. Finally, TheStreet upgraded TrustCo Bank Corp NY from a “c” rating to a “b-” rating in a research note on Friday, November 27th.
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 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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