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

TrustCo Bank Corp NY (NASDAQ:TRST) announced a quarterly dividend on Tuesday, November 18th. Stockholders of record on Friday, December 5th will be given a dividend of 0.38 per share by the bank on Friday, January 2nd. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, December 5th.

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 Price Performance

Shares of NASDAQ TRST opened at $39.70 on Thursday. The company has a 50 day simple moving average of $37.82 and a 200-day simple moving average of $35.38. The company has a market capitalization of $731.43 million, a P/E ratio of 13.28 and a beta of 0.68. TrustCo Bank Corp NY has a 1 year low of $27.18 and a 1 year high of $40.96.

TrustCo Bank Corp NY (NASDAQ:TRST) last released its quarterly earnings data on Tuesday, October 21st. The bank reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The firm had revenue of $47.81 million for the quarter, compared to analysts’ expectations of $47.27 million. TrustCo Bank Corp NY had a return on equity of 8.27% and a net margin of 20.74%.During the same period in the prior year, the firm posted $0.68 earnings per share.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TrustCo Bank Corp NY in a research note on Monday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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 and businesses. The company accepts deposits; and offers 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.