TrustCo Bank Corp NY (TRST) Announces Quarterly Earnings Results
TrustCo Bank Corp NY (NASDAQ:TRST) posted its earnings results on Monday. The bank reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01, reports. TrustCo Bank Corp NY had a net margin of 24.58% and a return on equity of 10.24%. During the same period in the previous year, the business posted $0.11 earnings per share.
TrustCo Bank Corp NY (NASDAQ TRST) traded down 2.72% on Monday, hitting $8.95. 244,651 shares of the stock traded hands. The stock has a market cap of $860.10 million, a P/E ratio of 19.16 and a beta of 1.20. The stock has a 50-day moving average price of $8.59 and a 200 day moving average price of $8.01. TrustCo Bank Corp NY has a 12-month low of $6.60 and a 12-month high of $9.30.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 1st were issued a $0.0656 dividend. This represents a $0.26 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Wednesday, August 30th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is presently 56.52%.
In other TrustCo Bank Corp NY news, Director William D. Powers sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $8.00, for a total value of $160,000.00. Following the completion of the sale, the director now owns 90,651 shares in the company, valued at approximately $725,208. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.
TRST has been the subject of several recent analyst reports. BidaskClub cut shares of TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Canaccord Genuity restated a “speculative buy” rating and issued a $7.25 target price on shares of TrustCo Bank Corp NY in a research report on Wednesday, October 18th.
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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