TrustCo Bank Corp. NY (TRST) to Issue Quarterly Dividend of $0.07 on January 3rd
TrustCo Bank Corp. NY (NASDAQ:TRST) declared a quarterly dividend on Tuesday, November 15th. Shareholders of record on Friday, December 2nd will be given a dividend of 0.0656 per share on Tuesday, January 3rd. This represents a $0.26 annualized dividend and a yield of 3.13%. The ex-dividend date is Wednesday, November 30th.
TrustCo Bank Corp. NY (NASDAQ:TRST) opened at 8.40 on Friday. The stock has a market capitalization of $803.92 million, a P/E ratio of 19.09 and a beta of 1.00. TrustCo Bank Corp. NY has a 12-month low of $5.17 and a 12-month high of $8.45. The firm’s 50-day moving average is $7.33 and its 200 day moving average is $6.86.
TrustCo Bank Corp. NY (NASDAQ:TRST) last released its quarterly earnings data on Friday, October 21st. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. TrustCo Bank Corp. NY had a net margin of 23.35% and a return on equity of 9.87%. During the same quarter in the previous year, the company earned $0.11 EPS. Equities analysts expect that TrustCo Bank Corp. NY will post $0.44 EPS for the current year.
In related news, Director Brian C. Flynn acquired 9,000 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were bought at an average price of $7.50 per share, with a total value of $67,500.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $75,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William D. Powers sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $6.98, for a total transaction of $34,900.00. Following the sale, the director now directly owns 120,651 shares in the company, valued at approximately $842,143.98. The disclosure for this sale can be found here. Company insiders own 5.51% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in TRST. Vanguard Group Inc. boosted its stake in TrustCo Bank Corp. NY by 5.5% in the second quarter. Vanguard Group Inc. now owns 4,534,551 shares of the company’s stock worth $29,066,000 after buying an additional 235,368 shares during the last quarter. BlackRock Advisors LLC boosted its position in shares of TrustCo Bank Corp. NY by 3.9% in the second quarter. BlackRock Advisors LLC now owns 45,573 shares of the company’s stock worth $292,000 after buying an additional 1,710 shares during the last quarter. BlackRock Investment Management LLC boosted its position in shares of TrustCo Bank Corp. NY by 5.7% in the second quarter. BlackRock Investment Management LLC now owns 429,739 shares of the company’s stock worth $2,755,000 after buying an additional 23,148 shares during the last quarter. BlackRock Inc. boosted its position in shares of TrustCo Bank Corp. NY by 351.3% in the second quarter. BlackRock Inc. now owns 31,445 shares of the company’s stock worth $201,000 after buying an additional 24,477 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of TrustCo Bank Corp. NY by 2.5% in the second quarter. BlackRock Fund Advisors now owns 6,109,584 shares of the company’s stock worth $39,162,000 after buying an additional 148,485 shares during the last quarter. 56.67% of the stock is currently owned by institutional investors.
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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 Company operates through the community banking segment. The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations.
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