TrustCo Bank Corp NY (TRST) Announces Quarterly Dividend of $0.07
TrustCo Bank Corp NY (NASDAQ:TRST) announced a quarterly dividend on Tuesday, August 15th, RTT News reports. Investors of record on Friday, September 1st will be paid a dividend of 0.0656 per share by the bank on Monday, October 2nd. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.37%.
Shares of TrustCo Bank Corp NY (NASDAQ TRST) traded down 1.27% during mid-day trading on Tuesday, hitting $7.80. The company had a trading volume of 274,468 shares. The firm has a market capitalization of $749.59 million, a PE ratio of 16.70 and a beta of 1.17. The firm has a 50-day moving average price of $7.87 and a 200-day moving average price of $7.92. TrustCo Bank Corp NY has a 52 week low of $6.60 and a 52 week high of $9.00.
TrustCo Bank Corp NY (NASDAQ:TRST) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. TrustCo Bank Corp NY had a return on equity of 10.24% and a net margin of 24.58%. The firm had revenue of $43.05 million for the quarter. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities analysts forecast that TrustCo Bank Corp NY will post $0.49 earnings per share for the current year.
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Separately, BidaskClub cut TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a research report on Monday.
In related news, Director William D. Powers sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $8.00, for a total value of $160,000.00. Following the transaction, the director now directly owns 90,651 shares of the company’s stock, valued at approximately $725,208. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
About TrustCo Bank Corp NY
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.
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