TrustCo Bank Corp NY Declares Quarterly Dividend of $0.07 (TRST)

TrustCo Bank Corp NY (NASDAQ:TRST) announced a quarterly dividend on Tuesday, February 20th, RTT News reports. Stockholders of record on Friday, March 2nd will be paid a dividend of 0.0656 per share by the bank on Monday, April 2nd. This represents a $0.26 annualized dividend and a dividend yield of 3.03%.

Shares of TrustCo Bank Corp NY (TRST) traded down $0.25 on Tuesday, hitting $8.65. 303,798 shares of the stock traded hands, compared to its average volume of 366,468. The stock has a market capitalization of $836.14, a P/E ratio of 19.33 and a beta of 1.11. TrustCo Bank Corp NY has a 1-year low of $7.25 and a 1-year high of $9.70.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.13 EPS for the quarter. The company had revenue of $43.54 million for the quarter. TrustCo Bank Corp NY had a net margin of 23.03% and a return on equity of 10.73%.

In other TrustCo Bank Corp NY news, Director William D. Powers sold 5,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $9.52, for a total transaction of $47,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gennaro Dennis A. De bought 4,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were acquired at an average price of $8.80 per share, for a total transaction of $35,200.00. Following the completion of the acquisition, the director now owns 102,280 shares in the company, valued at $900,064. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Several research firms recently commented on TRST. Sandler O’Neill set a $10.00 price target on shares of TrustCo Bank Corp NY and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub downgraded shares of TrustCo Bank Corp NY from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Canaccord Genuity raised their price target on shares of TrustCo Bank Corp NY from $7.25 to $9.50 in a research note on Monday, December 4th.

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TrustCo Bank Corp NY Company Profile

TrustCo Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. It operates through community banking segment. The Bank’s business consists of accepting deposits and making loans and investments.

Dividend History for TrustCo Bank Corp NY (NASDAQ:TRST)

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