Sandler O’Neill Downgrades TrustCo Bank Corp. to Hold (TRST)
Shares of TrustCo Bank Corp. (NASDAQ:TRST) opened at 6.78 on Wednesday. TrustCo Bank Corp. has a 52 week low of $5.29 and a 52 week high of $7.67. The stock’s 50-day moving average is $6.67 and its 200-day moving average is $6.87. The company has a market cap of $641.8 million and a P/E ratio of 15.37.
TrustCo Bank Corp. (NASDAQ:TRST) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.01. During the same quarter in the prior year, the company posted $0.10 earnings per share. On average, analysts predict that TrustCo Bank Corp. will post $0.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a dividend of $0.0656 per share. This represents a $0.26 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Wednesday, June 4th.
TrustCo Bank Corp NY (NASDAQ:TRST) is a savings and loan holding company.
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