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

TrustCo Bank Corp NY (NASDAQ:TRST) announced a quarterly dividend on Tuesday, November 19th, Zacks reports. Investors of record on Friday, December 6th will be given a dividend of 0.068 per share by the bank on Thursday, January 2nd. This represents a $0.27 annualized dividend and a yield of 3.14%. The ex-dividend date is Thursday, December 5th.

TRST stock opened at $8.66 on Tuesday. The company has a market cap of $850.93 million, a price-to-earnings ratio of 14.16 and a beta of 1.10. TrustCo Bank Corp NY has a twelve month low of $6.51 and a twelve month high of $8.92. The business has a 50 day moving average price of $8.59 and a two-hundred day moving average price of $8.02. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.10.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $43.57 million for the quarter. TrustCo Bank Corp NY had a return on equity of 11.80% and a net margin of 28.50%.

A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of TrustCo Bank Corp NY from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. ValuEngine lowered shares of TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

TrustCo Bank Corp NY Company Profile

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

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