Today, TrustCo Bank Corp. NY (TRST) to Issue Quarterly Dividend of $0.07 on January 3rd

Today, TrustCo Bank Corp. NY (TRST) to Issue Quarterly Dividend of $0.07 on  January 3rd
TrustCo Bank Corp. NY (NASDAQ:TRST) declared a quarterly dividend on Tuesday, November 15th. Stockholders of record on Friday, December 2nd will be paid a dividend of 0.0656 per share on Tuesday, January 3rd. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Wednesday, November 30th.

TrustCo Bank Corp. NY (NASDAQ:TRST) opened at 8.40 on Friday. The firm has a market capitalization of $803.92 million, a PE ratio of 19.09 and a beta of 1.00. TrustCo Bank Corp. NY has a one year low of $5.17 and a one year high of $8.45. The stock has a 50 day moving average of $7.33 and a 200-day moving average of $6.86.

TrustCo Bank Corp. NY (NASDAQ:TRST) last posted its earnings results on Friday, October 21st. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.11. TrustCo Bank Corp. NY had a net margin of 23.35% and a return on equity of 9.87%. During the same quarter in the prior year, the firm posted $0.11 earnings per share. On average, equities analysts predict that TrustCo Bank Corp. NY will post $0.44 EPS for the current year.

In other news, Director Brian C. Flynn acquired 9,000 shares of the stock in a transaction on Thursday, November 10th. The stock was bought at an average price of $7.50 per share, with a total value of $67,500.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $75,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William D. Powers sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $6.98, for a total transaction of $34,900.00. Following the completion of the sale, the director now directly owns 120,651 shares of the company’s stock, valued at approximately $842,143.98. The disclosure for this sale can be found here. Corporate insiders own 5.51% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Highbridge Capital Management LLC purchased a new stake in shares of TrustCo Bank Corp. NY during the third quarter valued at about $167,000. Profund Advisors LLC increased its stake in shares of TrustCo Bank Corp. NY by 4.8% in the second quarter. Profund Advisors LLC now owns 31,196 shares of the company’s stock valued at $200,000 after buying an additional 1,416 shares during the period. BlackRock Inc. increased its stake in shares of TrustCo Bank Corp. NY by 351.3% in the second quarter. BlackRock Inc. now owns 31,445 shares of the company’s stock valued at $201,000 after buying an additional 24,477 shares during the period. Guggenheim Capital LLC increased its stake in shares of TrustCo Bank Corp. NY by 11.4% in the second quarter. Guggenheim Capital LLC now owns 45,270 shares of the company’s stock valued at $290,000 after buying an additional 4,649 shares during the period. Finally, BlackRock Advisors LLC increased its stake in shares of TrustCo Bank Corp. NY by 3.9% in the second quarter. BlackRock Advisors LLC now owns 45,573 shares of the company’s stock valued at $292,000 after buying an additional 1,710 shares during the period. 56.67% of the stock is owned by institutional investors.

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