Headlines about TrustCo Bank Corp NY (NASDAQ:TRST) have been trending somewhat positive on Sunday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TrustCo Bank Corp NY earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.2521028092922 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
TrustCo Bank Corp NY (NASDAQ:TRST) opened at 8.40 on Friday. The firm has a 50 day moving average of $7.89 and a 200-day moving average of $7.83. TrustCo Bank Corp NY has a 52-week low of $6.60 and a 52-week high of $9.00. The company has a market capitalization of $807.25 million, a price-to-earnings ratio of 17.99 and a beta of 1.18.
TrustCo Bank Corp NY (NASDAQ:TRST) last posted its earnings results on Friday, July 21st. The bank reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $43.05 million during the quarter. TrustCo Bank Corp NY had a net margin of 24.58% and a return on equity of 10.24%. During the same period last year, the firm earned $0.11 earnings per share. Equities analysts expect that TrustCo Bank Corp NY will post $0.49 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be issued a dividend of $0.0656 per share. This represents a $0.26 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, August 30th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is 56.52%.
Separately, BidaskClub upgraded shares of TrustCo Bank Corp NY from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th.
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In other news, Director William D. Powers sold 20,000 shares of TrustCo Bank Corp NY stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $8.00, for a total transaction of $160,000.00. Following the completion of the transaction, the director now directly owns 90,651 shares of the company’s stock, valued at approximately $725,208. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.
TrustCo Bank Corp NY Company Profile
TrustCo Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. It operates through community banking segment. The Bank’s business consists of accepting deposits and making loans and investments.
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