TrustCo Bank Corp NY (NASDAQ:TRST - Get Free Report) posted its quarterly earnings results on Monday. The bank reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.10, Zacks reports. TrustCo Bank Corp NY had a return on equity of 7.85% and a net margin of 19.84%. The firm had revenue of $46.60 million during the quarter, compared to the consensus estimate of $46.16 million.
TrustCo Bank Corp NY Price Performance
TRST stock traded down $1.01 during trading on Thursday, reaching $34.89. 101,700 shares of the stock traded hands, compared to its average volume of 98,934. The business's 50 day moving average price is $32.86 and its 200-day moving average price is $31.75. TrustCo Bank Corp NY has a 52-week low of $27.18 and a 52-week high of $38.89. The firm has a market capitalization of $663.61 million, a PE ratio of 12.42 and a beta of 0.66.
TrustCo Bank Corp NY Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders 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 4.13%. The ex-dividend date of this dividend was Friday, June 6th. TrustCo Bank Corp NY's dividend payout ratio (DPR) is presently 51.25%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of TRST. Intech Investment Management LLC lifted its stake in shares of TrustCo Bank Corp NY by 374.2% during the first quarter. Intech Investment Management LLC now owns 52,640 shares of the bank's stock worth $1,604,000 after purchasing an additional 41,540 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of TrustCo Bank Corp NY during the first quarter worth about $560,000. Cubist Systematic Strategies LLC lifted its stake in shares of TrustCo Bank Corp NY by 49.2% during the first 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of TrustCo Bank Corp NY by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,036 shares of the bank's stock worth $336,000 after purchasing an additional 468 shares in the last quarter. Institutional investors and hedge funds own 68.57% of the company's stock.
TrustCo Bank Corp NY Company Profile
(
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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