TrustCo Bank Corp NY (NASDAQ:TRST – Get Free Report) declared a quarterly dividend on Tuesday, August 18th. Shareholders of record on Friday, September 4th will be paid a dividend of 0.40 per share by the bank on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, September 4th. This is a 5.3% increase from TrustCo Bank Corp NY’s previous quarterly dividend of $0.38.
TrustCo Bank Corp NY has raised its dividend payment by an average of 0.0%per year over the last three years.
TrustCo Bank Corp NY Trading Down 1.5%
Shares of TrustCo Bank Corp NY stock opened at $56.50 on Thursday. The stock has a market capitalization of $962.20 million, a P/E ratio of 15.69 and a beta of 0.62. TrustCo Bank Corp NY has a twelve month low of $34.31 and a twelve month high of $58.97. The business’s fifty day moving average price is $55.25 and its 200 day moving average price is $49.61.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of TrustCo Bank Corp NY in a research note on Monday, June 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, TrustCo Bank Corp NY currently has an average rating of “Buy”.
Read Our Latest Stock Report on TrustCo Bank Corp NY
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.
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