TrustCo Bank Corp NY Announces Quarterly Dividend of $0.38 (NASDAQ:TRST)

TrustCo Bank Corp NY (NASDAQ:TRST) declared a quarterly dividend on Tuesday, February 17th. Investors of record on Friday, March 6th will be paid a dividend of 0.38 per share by the bank on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, March 6th.

TrustCo Bank Corp NY has raised its dividend payment by an average of 0.0%annually over the last three years.

TrustCo Bank Corp NY Trading Down 0.4%

Shares of TRST stock traded down $0.17 on Wednesday, reaching $45.79. 18,735 shares of the stock were exchanged, compared to its average volume of 96,830. The business’s 50 day moving average price is $43.50 and its 200 day moving average price is $40.11. The company has a market capitalization of $843.36 million, a price-to-earnings ratio of 14.16 and a beta of 0.62. TrustCo Bank Corp NY has a twelve month low of $27.18 and a twelve month high of $48.45.

TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Wednesday, January 21st. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.05. TrustCo Bank Corp NY had a return on equity of 8.86% and a net margin of 21.96%.The business had revenue of $48.17 million for the quarter, compared to analyst estimates of $48.69 million. During the same quarter last year, the company earned $0.59 EPS.

TrustCo Bank Corp NY Company Profile

TrustCo Bank Corp. NY (NASDAQ: TRST) is a bank holding company headquartered in Glens Falls, New York, that provides a full suite of community banking and financial services primarily across upstate New York and western Massachusetts. Through its wholly owned subsidiary, Trustco Bank, the company offers deposit products such as checking and savings accounts, as well as consumer, residential mortgage, and commercial lending solutions. Additional services include wealth management, trust administration, and insurance products tailored to the needs of individuals, businesses and nonprofit organizations.

Founded in 1902 as the Glens Falls Trust Company, TrustCo Bank has grown steadily through organic branch expansion and acquisitions of locally based banks.