TrustCo Bank Corp NY (NASDAQ:TRST) issued its earnings results on Tuesday. The bank reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01, MarketWatch Earnings reports. TrustCo Bank Corp NY had a net margin of 26.28% and a return on equity of 9.55%.
TRST stock traded down $0.09 during trading on Thursday, hitting $7.34. 192,283 shares of the company’s stock traded hands, compared to its average volume of 476,810. TrustCo Bank Corp NY has a 52 week low of $4.79 and a 52 week high of $7.95. The business has a fifty day simple moving average of $7.48 and a 200 day simple moving average of $6.64. The stock has a market capitalization of $707.88 million, a price-to-earnings ratio of 13.52 and a beta of 1.20.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Friday, March 5th were given a dividend of $0.068 per share. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $0.27 annualized dividend and a yield of 3.71%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is currently 45.00%.
A number of equities analysts recently weighed in on the stock. Piper Sandler lowered shares of TrustCo Bank Corp NY from an “overweight” rating to a “neutral” rating in a research report on Monday, January 25th. Zacks Investment Research upgraded shares of TrustCo Bank Corp NY from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a research report on Thursday.
In other TrustCo Bank Corp NY news, Director Kimberly Adams Russell acquired 5,000 shares of the stock in a transaction on Monday, March 1st. The stock was acquired at an average price of $7.10 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the director now directly owns 12,000 shares of the company’s stock, valued at $85,200. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.69% of the stock is owned by company insiders.
About TrustCo Bank Corp NY
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 accepts deposits; and offers 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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