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

TrustCo Bank Corp NY (NASDAQ:TRST) announced a quarterly dividend on Tuesday, May 19th. Shareholders of record on Friday, June 5th will be given a dividend of 0.38 per share by the bank on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, June 5th.

TrustCo Bank Corp NY has raised its dividend by an average of 0.0%per year over the last three years.

TrustCo Bank Corp NY Stock Performance

NASDAQ:TRST opened at $50.28 on Thursday. The firm has a market cap of $878.89 million, a price-to-earnings ratio of 14.74 and a beta of 0.60. TrustCo Bank Corp NY has a 52 week low of $30.17 and a 52 week high of $50.36. The firm has a 50-day moving average price of $45.83 and a two-hundred day moving average price of $43.89.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings data on Tuesday, April 21st. The bank reported $0.91 EPS for the quarter. The firm had revenue of $49.55 million during the quarter. TrustCo Bank Corp NY had a net margin of 22.42% and a return on equity of 9.21%.

TrustCo Bank Corp NY Company Profile

TrustCo Bank Corp. NY (NASDAQ: TRST) is a bank holding company headquartered in Glens Falls, New York, that provides a full suite of community banking and financial services primarily across upstate New York and western Massachusetts. Through its wholly owned subsidiary, Trustco Bank, the company offers deposit products such as checking and savings accounts, as well as consumer, residential mortgage, and commercial lending solutions. Additional services include wealth management, trust administration, and insurance products tailored to the needs of individuals, businesses and nonprofit organizations.

Founded in 1902 as the Glens Falls Trust Company, TrustCo Bank has grown steadily through organic branch expansion and acquisitions of locally based banks.