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

TrustCo Bank Corp NY (NASDAQ:TRST) issued its quarterly earnings data on Tuesday. The bank reported $0.59 EPS for the quarter, Zacks reports. TrustCo Bank Corp NY had a return on equity of 7.42% and a net margin of 18.56%.

TrustCo Bank Corp NY Stock Performance

Shares of TRST stock opened at $31.55 on Thursday. TrustCo Bank Corp NY has a 52-week low of $25.83 and a 52-week high of $38.89. The stock has a market cap of $599.77 million, a price-to-earnings ratio of 12.28 and a beta of 0.85. The firm’s 50-day moving average is $34.66 and its 200-day moving average is $33.75.

TrustCo Bank Corp NY Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.56%. The ex-dividend date was Friday, December 6th. TrustCo Bank Corp NY’s payout ratio is 56.03%.

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 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.