TrustCo Bank Corp NY (TRST) Set to Announce Quarterly Earnings on Monday

TrustCo Bank Corp NY (NASDAQ:TRST) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, July 22nd.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings data on Monday, April 22nd. The bank reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). TrustCo Bank Corp NY had a net margin of 30.17% and a return on equity of 12.62%. The firm had revenue of $44.37 million during the quarter.

Shares of TrustCo Bank Corp NY stock opened at $8.17 on Friday. The firm has a fifty day moving average of $7.74. TrustCo Bank Corp NY has a 12-month low of $6.51 and a 12-month high of $9.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $792.01 million, a PE ratio of 12.78 and a beta of 1.11.

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were issued a $0.0681 dividend. This represents a $0.27 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Thursday, June 6th.

In other news, Director William D. Powers sold 10,850 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $7.50, for a total value of $81,375.00. Following the completion of the transaction, the director now owns 54,800 shares in the company, valued at approximately $411,000. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.64% of the company’s stock.

Several brokerages have recently issued reports on TRST. BidaskClub upgraded shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th. GMP Securities restated a “hold” rating and issued a $6.00 target price on shares of TrustCo Bank Corp NY in a report on Thursday, July 11th.

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, partnerships, and corporations. The company is primarily involved in accepting deposits, and making 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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Earnings History for TrustCo Bank Corp NY (NASDAQ:TRST)

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