TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) announced its quarterly earnings results on Monday. The bank reported $0.79 earnings per share for the quarter, Zacks reports. TrustCo Bank Corp NY had a net margin of 19.14% and a return on equity of 7.59%.
TrustCo Bank Corp NY Price Performance
Shares of TRST stock traded up $0.03 on Monday, hitting $35.27. The stock had a trading volume of 77,602 shares, compared to its average volume of 88,743. The stock has a market cap of $670.84 million, a price-to-earnings ratio of 13.16 and a beta of 0.66. The business has a 50 day moving average of $32.61 and a 200 day moving average of $31.66. TrustCo Bank Corp NY has a 12-month low of $27.18 and a 12-month high of $38.89.
TrustCo Bank Corp NY Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Friday, June 6th. TrustCo Bank Corp NY's dividend payout ratio is 53.73%.
Institutional Investors Weigh In On TrustCo Bank Corp NY
Hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC increased its position in TrustCo Bank Corp NY by 374.2% during the 1st quarter. Intech Investment Management LLC now owns 52,640 shares of the bank's stock valued at $1,604,000 after purchasing an additional 41,540 shares during the period. Jane Street Group LLC purchased a new stake in shares of TrustCo Bank Corp NY in the 1st quarter worth about $560,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TrustCo Bank Corp NY by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,036 shares of the bank's stock worth $336,000 after buying an additional 468 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in TrustCo Bank Corp NY by 49.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 4,183 shares of the bank's stock worth $128,000 after purchasing an additional 1,380 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors.
About TrustCo Bank Corp NY
(
Get Free Report)
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.
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