TrustCo Bank Corp NY (NASDAQ:TRST) Issues Earnings Results

TrustCo Bank Corp NY (NASDAQ:TRST) posted its quarterly earnings data on Monday. The bank reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15, Fidelity Earnings reports. TrustCo Bank Corp NY had a net margin of 29.19% and a return on equity of 12.19%.

NASDAQ:TRST opened at $8.29 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.95 and a current ratio of 0.95. The company has a fifty day moving average of $8.05 and a two-hundred day moving average of $7.87. The stock has a market capitalization of $789.82 million, a PE ratio of 12.94 and a beta of 1.10. TrustCo Bank Corp NY has a fifty-two week low of $6.51 and a fifty-two week high of $8.64.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a dividend of $0.068 per share. This represents a $0.27 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, September 5th.

In related news, Director Anthony J. Md Phd Marinello acquired 5,072 shares of TrustCo Bank Corp NY stock in a transaction on Tuesday, August 27th. The stock was bought at an average cost of $7.60 per share, for a total transaction of $38,547.20. Following the completion of the transaction, the director now owns 91,161 shares of the company’s stock, valued at approximately $692,823.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 7,400 shares of company stock valued at $57,422 over the last 90 days. 2.64% of the stock is currently owned by company insiders.

A number of equities analysts have weighed in on the stock. GMP Securities restated a “hold” rating and set a $6.00 price objective on shares of TrustCo Bank Corp NY in a research report on Thursday, July 11th. BidaskClub cut shares of TrustCo Bank Corp NY from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th.

TrustCo Bank Corp NY Company Profile

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals, partnerships, and corporations. The company is primarily involved in accepting deposits, and making loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage backed securities.

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Earnings History for TrustCo Bank Corp NY (NASDAQ:TRST)

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