TrustCo Bank Corp. NY (TRST) Trading Down 0.9%
TrustCo Bank Corp. NY (NASDAQ:TRST) was down 0.9% during trading on Monday . The stock traded as low as $6.89 and last traded at $6.89, with a volume of 92,343 shares trading hands. The stock had previously closed at $6.95.
The company’s 50 day moving average is $6.61 and its 200-day moving average is $6.24. The stock has a market capitalization of $666.33 million and a P/E ratio of 15.95.
TrustCo Bank Corp. NY (NASDAQ:TRST) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.00. During the same quarter last year, the company posted $0.11 earnings per share. Equities analysts predict that TrustCo Bank Corp. NY will post $0.43 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be issued a $0.0656 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 3.78%.
An institutional investor recently raised its position in TrustCo Bank Corp. NY stock. Morgan Stanley increased its position in shares of TrustCo Bank Corp. NY (NASDAQ:TRST) by 35.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,796 shares of the company’s stock after buying an additional 48,049 shares during the period. Morgan Stanley owned approximately 0.19% of TrustCo Bank Corp. NY worth $1,134,000 at the end of the most recent reporting period.
Trustco Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Company operates through the community banking segment. The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations.
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