TrustCo Bank Corp. (TRST) Declares Quarterly Dividend of $0.07
TrustCo Bank Corp. (NASDAQ:TRST) declared a quarterly dividend on Tuesday, August 19th, AnalystRatingsNetwork reports. Shareholders of record on Friday, September 5th will be given a dividend of 0.0656 per share on Wednesday, October 1st. This represents a $0.26 dividend on an annualized basis and a yield of 3.79%.
On a related note, analysts at Sandler O’Neill downgraded shares of TrustCo Bank Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 28th.
Shares of TrustCo Bank Corp. (NASDAQ:TRST) traded down 0.58% on Tuesday, hitting $6.88. 149,227 shares of the company’s stock traded hands. TrustCo Bank Corp. has a 52-week low of $5.77 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 $6.68. The company has a market cap of $651.4 million and a price-to-earnings ratio of 14.98.
TrustCo Bank Corp. (NASDAQ:TRST) last announced its earnings results on Monday, July 21st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.02. 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 $0.44 earnings per share for the current fiscal year.
TrustCo Bank Corp NY (NASDAQ:TRST) is a savings and loan holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.