TrustCo Bank Corp NY (TRST) Scheduled to Post Quarterly Earnings on Monday

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) is set to post its quarterly earnings results after the market closes on Monday, April 22nd. Analysts expect TrustCo Bank Corp NY to post earnings of $0.60 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.14). TrustCo Bank Corp NY had a net margin of 23.98% and a return on equity of 9.36%. The business had revenue of $63.11 million during the quarter, compared to analyst estimates of $44.90 million. During the same quarter in the prior year, the company earned $1.10 earnings per share. On average, analysts expect TrustCo Bank Corp NY to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TrustCo Bank Corp NY Stock Up 0.2 %

TRST stock traded up $0.06 during midday trading on Monday, reaching $26.31. The company's stock had a trading volume of 64,672 shares, compared to its average volume of 81,370. The business's 50-day simple moving average is $27.42 and its 200-day simple moving average is $28.07. The stock has a market cap of $500.42 million, a PE ratio of 8.54 and a beta of 0.84. TrustCo Bank Corp NY has a 52 week low of $23.78 and a 52 week high of $32.10.

TrustCo Bank Corp NY Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $0.36 dividend. The ex-dividend date was Thursday, February 29th. This represents a $1.44 annualized dividend and a dividend yield of 5.47%. TrustCo Bank Corp NY's dividend payout ratio is currently 46.75%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of TrustCo Bank Corp NY from a "hold" rating to a "sell" rating in a research report on Tuesday, January 23rd.

Insider Activity

In other TrustCo Bank Corp NY news, EVP Eric W. Schreck purchased 1,000 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were bought at an average price of $28.44 per share, with a total value of $28,440.00. Following the completion of the transaction, the executive vice president now directly owns 41,407 shares in the company, valued at approximately $1,177,615.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Eric W. Schreck bought 1,000 shares of the company's stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $28.44 per share, for a total transaction of $28,440.00. Following the acquisition, the executive vice president now owns 41,407 shares of the company's stock, valued at approximately $1,177,615.08. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, COO Kevin M. Curley purchased 916 shares of TrustCo Bank Corp NY stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $27.30 per share, with a total value of $25,006.80. Following the acquisition, the chief operating officer now directly owns 34,766 shares of the company's stock, valued at $949,111.80. The disclosure for this purchase can be found here. Insiders bought 2,879 shares of company stock valued at $80,023 in the last quarter. Company insiders own 3.32% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TRST. Royal Bank of Canada boosted its holdings in shares of TrustCo Bank Corp NY by 60.3% in the 4th quarter. Royal Bank of Canada now owns 7,074 shares of the bank's stock valued at $219,000 after buying an additional 2,662 shares during the last quarter. Raymond James & Associates acquired a new stake in TrustCo Bank Corp NY in the fourth quarter valued at $209,000. Pathstone Holdings LLC bought a new position in shares of TrustCo Bank Corp NY in the 4th quarter valued at about $206,000. Trexquant Investment LP acquired a new position in shares of TrustCo Bank Corp NY during the 3rd quarter worth about $203,000. Finally, UBS Group AG lifted its stake in TrustCo Bank Corp NY by 53.1% in the 3rd quarter. UBS Group AG now owns 6,239 shares of the bank's stock valued at $196,000 after purchasing an additional 2,165 shares during the last quarter. 68.57% of the stock is owned by institutional investors and hedge funds.

About TrustCo Bank Corp NY

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.