TrustCo Bank Corp NY (TRST) Set to Announce Earnings on Thursday
TrustCo Bank Corp NY (NASDAQ:TRST) will post its quarterly earnings results after the market closes on Thursday, October 19th.
TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $43.05 million during the quarter. During the same quarter in the previous year, the firm earned $0.11 EPS. On average, analysts expect TrustCo Bank Corp NY to post $0.49 EPS for the current fiscal year and $0.59 EPS for the next fiscal year.
TrustCo Bank Corp NY (NASDAQ:TRST) opened at 9.15 on Thursday. The stock has a market cap of $879.32 million, a PE ratio of 19.59 and a beta of 1.20. The company’s 50-day moving average price is $8.33 and its 200-day moving average price is $7.94. TrustCo Bank Corp NY has a 12-month low of $6.60 and a 12-month high of $9.25.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 1st were given a $0.0656 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.26 annualized dividend and a yield of 2.87%. TrustCo Bank Corp NY’s payout ratio is 56.52%.
Separately, BidaskClub lowered TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th.
In related news, Director William D. Powers sold 20,000 shares of the 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 completion of the transaction, the director now directly owns 90,651 shares in the company, valued at $725,208. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.
TrustCo Bank Corp NY Company Profile
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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