TrustCo Bank Corp NY (TRST) Stock Price, News & Analysis

TrustCo Bank Corp NY's stock was trading at $31.05 at the beginning of 2024. Since then, TRST stock has decreased by 16.5% and is now trading at $25.92.
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TrustCo Bank Corp NY saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 202,400 shares, a decrease of 19.0% from the March 15th total of 249,900 shares. Based on an average daily volume of 82,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.1% of the company's stock are short sold.
View TrustCo Bank Corp NY's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
View our TRST earnings forecast.

TrustCo Bank Corp NY will be holding an earnings conference call on Tuesday, April 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "734817".

TrustCo Bank Corp NY (NASDAQ:TRST) posted its quarterly earnings results on Tuesday, January, 23rd. The bank reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.14. The bank had revenue of $63.11 million for the quarter, compared to analysts' expectations of $44.90 million. TrustCo Bank Corp NY had a trailing twelve-month return on equity of 9.36% and a net margin of 23.98%. During the same quarter in the prior year, the business earned $1.10 EPS.

TrustCo Bank Corp NY announced a quarterly dividend on Tuesday, February 20th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.36 per share on Monday, April 1st. This represents a $1.44 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for TRST.

TrustCo Bank Corp NY (NASDAQ:TRST) pays an annual dividend of $1.44 per share and currently has a dividend yield of 5.54%. TRST has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 46.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRST will have a dividend payout ratio of 46.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRST.

First Trust Dow Jones Select Microcap Index Fund holds 51,028 shares of TRST stock, representing 0.94% of its portfolio.

Shares of TrustCo Bank Corp NY reverse split before market open on Friday, May 28th 2021. The 1-5 reverse split was announced on Thursday, May 20th 2021. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, June 1st 2021. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

63 employees have rated TrustCo Bank Corp NY Chief Executive Officer Robert J. McCormick on Glassdoor.com. Robert J. McCormick has an approval rating of 43% among the company's employees. This puts Robert J. McCormick in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other TrustCo Bank Corp NY investors own include Ballard Power Systems (BLDP), Arbutus Biopharma (ABUS), General Electric (GE), Rite Aid (RAD), Verizon Communications (VZ), KeyCorp (KEY), CannTrust (CTST), Plug Power (PLUG), Ford Motor (F) and Orchid Island Capital (ORC).

Shares of TRST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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