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

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TrustCo Bank Corp NY (NASDAQ:TRST) announced a quarterly dividend on Tuesday, August 20th, NASDAQ reports. Investors of record on Friday, September 6th will be given a dividend of 0.068 per share by the bank on Tuesday, October 1st. This represents a $0.27 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, September 5th.

TrustCo Bank Corp NY has raised its dividend by an average of 0.3% per year over the last three years.

NASDAQ TRST opened at $7.67 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $7.84 and a 200 day simple moving average of $7.89. The company has a market cap of $743.30 million, a P/E ratio of 12.18 and a beta of 1.11. TrustCo Bank Corp NY has a 1 year low of $6.51 and a 1 year high of $9.32.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $44.11 million during the quarter. TrustCo Bank Corp NY had a net margin of 29.19% and a return on equity of 12.19%.

In related news, Director William D. Powers sold 10,850 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $7.50, for a total transaction of $81,375.00. Following the completion of the sale, the director now directly owns 54,800 shares of the company’s stock, valued at approximately $411,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders have sold 15,750 shares of company stock valued at $119,747. 2.64% of the stock is owned by insiders.

Several research firms recently issued reports on TRST. BidaskClub raised shares of TrustCo Bank Corp NY from a “sell” rating to a “hold” rating in a report on Friday, June 28th. GMP Securities reaffirmed a “hold” rating and set a $6.00 price objective on shares of TrustCo Bank Corp NY in a report on Thursday, July 11th.

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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