TrustCo Bank Corp NY Announces Quarterly Dividend of $0.07 (NASDAQ:TRST)

TrustCo Bank Corp NY (NASDAQ:TRST) announced a quarterly dividend on Tuesday, November 19th, Zacks reports. Investors of record on Friday, December 6th will be paid a dividend of 0.068 per share by the bank on Thursday, January 2nd. This represents a $0.27 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, December 5th.

NASDAQ TRST opened at $8.72 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.10. TrustCo Bank Corp NY has a 52 week low of $6.51 and a 52 week high of $8.92. The stock has a market capitalization of $850.93 million, a PE ratio of 14.16 and a beta of 1.10. The firm has a 50 day moving average of $8.59 and a two-hundred day moving average of $8.02.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. The business had revenue of $43.57 million for the quarter. TrustCo Bank Corp NY had a net margin of 28.50% and a return on equity of 11.80%.

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TRST has been the subject of a number of analyst reports. BidaskClub upgraded shares of TrustCo Bank Corp NY from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. ValuEngine cut TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd.

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

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