NASDAQ:TRST TrustCo Bank Corp NY (TRST) Stock Forecast, Price & News $26.67 -0.27 (-1.00%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$26.60▼$27.0250-Day Range$26.67▼$31.1152-Week Range$26.60▼$39.36Volume37,426 shsAverage Volume76,967 shsMarket Capitalization$507.26 millionP/E Ratio6.84Dividend Yield5.40%Price Target$36.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media TrustCo Bank Corp NY MarketRank™ ForecastAnalyst RatingSell1.00 Rating ScoreUpside/Downside35.0% Upside$36.00 Price TargetShort InterestHealthy1.32% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.47Based on 3 Articles This WeekInsider TradingAcquiring Shares$52,706 Bought Last QuarterProj. Earnings Growth-12.80%From $3.28 to $2.86 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.95 out of 5 starsFinance Sector118th out of 840 stocksState Commercial Banks Industry28th out of 176 stocks 2.5 Analyst's Opinion Consensus RatingTrustCo Bank Corp NY has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $36.00, TrustCo Bank Corp NY has a forecasted upside of 35.0% from its current price of $26.67.Amount of Analyst CoverageTrustCo Bank Corp NY has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.32% of the float of TrustCo Bank Corp NY has been sold short.Short Interest Ratio / Days to CoverTrustCo Bank Corp NY has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in TrustCo Bank Corp NY has recently decreased by 11.16%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipTrustCo Bank Corp NY is a leading dividend payer. It pays a dividend yield of 5.40%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTrustCo Bank Corp NY has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of TrustCo Bank Corp NY is 36.92%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, TrustCo Bank Corp NY will have a dividend payout ratio of 50.35% next year. This indicates that TrustCo Bank Corp NY will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TRST. Previous Next 3.6 News and Social Media Coverage News SentimentTrustCo Bank Corp NY has a news sentiment score of 1.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for TrustCo Bank Corp NY this week, compared to 1 article on an average week.Search Interest3 people have searched for TRST on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added TrustCo Bank Corp NY to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TrustCo Bank Corp NY insiders have bought more of their company's stock than they have sold. Specifically, they have bought $52,706.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 3.26% of the stock of TrustCo Bank Corp NY is held by insiders.Percentage Held by Institutions67.80% of the stock of TrustCo Bank Corp NY is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for TrustCo Bank Corp NY are expected to decrease by -12.80% in the coming year, from $3.28 to $2.86 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TrustCo Bank Corp NY is 6.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.74.Price to Earnings Ratio vs. SectorThe P/E ratio of TrustCo Bank Corp NY is 6.84, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 68.16.Price to Book Value per Share RatioTrustCo Bank Corp NY has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TrustCo Bank Corp NY (NASDAQ:TRST) StockTrustCo 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 accepts deposits; and offers 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. In addition, the company serves as the executor of estates and trustee of personal trusts; provides asset and wealth management, estate planning and related advice, and custodial services; and acts as trustee for various types of employee benefit plans, and corporate pension and profit-sharing trusts. The company was founded in 1902 and is headquartered in Glenville, New York.Read More TRST Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TRST Stock News HeadlinesSeptember 14, 2023 | marketbeat.comThe Steadiest Dividend Stocks Paying Up to 11%September 18, 2023 | finance.yahoo.comWith 69% ownership of the shares, TrustCo Bank Corp NY (NASDAQ:TRST) is heavily dominated by institutional ownersSeptember 24, 2023 | Stansberry Research (Ad)1907, 1929, 1998, 2007--and now 2023?Analyst who called Lehman Bros. collapse says exact same scenario that occurred in 4 of America’s biggest economic calamities is unfolding again now. More here.September 16, 2023 | finance.yahoo.comInsider Buying: Trustco Bank Corp N Y's Executive Vice President & CFO Michael Ozimek ...September 7, 2023 | seekingalpha.comTrustco Bank: The Bank The Recovery ForgotAugust 15, 2023 | finance.yahoo.comBuoyed by Strong Liquidity and Deposit Stability, TrustCo Declares DividendJuly 26, 2023 | finance.yahoo.comQ2 2023 TrustCo Bank Corp NY Earnings CallJuly 24, 2023 | finance.yahoo.comTrustCo Reports Second Quarter Net Income of $16.4 Million and $346 Million of Loan Growth; Maintains Strong Liquidity and Demonstrates Deposit StabilitySeptember 24, 2023 | Stansberry Research (Ad)1907, 1929, 1998, 2007--and now 2023?Analyst who called Lehman Bros. collapse says exact same scenario that occurred in 4 of America’s biggest economic calamities is unfolding again now. More here.July 21, 2023 | benzinga.comEarnings Outlook For Trustco BankJuly 17, 2023 | finance.yahoo.comEarnings Preview: TrustCo Bank (TRST) Q2 Earnings Expected to DeclineJuly 10, 2023 | finance.yahoo.comTrustCo to Release Second Quarter 2023 Results on July 24, 2023; Conference Call on July 25, 2023July 8, 2023 | finance.yahoo.comTrustCo Bank Corp NY Insiders Added US$1.3m Of Stock To Their HoldingsJune 1, 2023 | finance.yahoo.comTRST - TrustCo Bank Corp NYMay 16, 2023 | finance.yahoo.comBuilt on an Independent and Strong Foundation, TrustCo Declares DividendApril 26, 2023 | finance.yahoo.comQ1 2023 TrustCo Bank Corp NY Earnings CallApril 25, 2023 | seekingalpha.comTime To Buy TrustCo BankApril 24, 2023 | finance.yahoo.comTrustCo Bank (TRST) Misses Q1 Earnings and Revenue EstimatesApril 24, 2023 | finance.yahoo.comTrustCo Demonstrates Strength and Stability; Reports First Quarter Net Income of $17.7 Million and 7.0% Average Loan Growth – Both Up Year Over YearApril 18, 2023 | finance.yahoo.comTrustCo Bank Corp NY (NASDAQ:TRST) investors are sitting on a loss of 16% if they invested five years agoApril 11, 2023 | finance.yahoo.comTrustCo to Release First Quarter 2023 Results on April 24, 2023; Conference Call on April 25, 2023March 27, 2023 | finance.yahoo.comTrustCo Bank Corp NY (NASDAQ:TRST) is favoured by institutional owners who hold 67% of the companyMarch 14, 2023 | finance.yahoo.comTrustCo Bank Corp NY Full Year 2022 Earnings: EPS Beats ExpectationsMarch 1, 2023 | msn.comTrustCo Bank Corp NY (TRST) Declares $0.36 DividendFebruary 24, 2023 | finance.yahoo.comIf EPS Growth Is Important To You, TrustCo Bank Corp NY (NASDAQ:TRST) Presents An OpportunityFebruary 22, 2023 | msn.comTrustCo Bank declares $0.36 dividendFebruary 22, 2023 | finance.yahoo.comTrustCo dividend offers stability in a volatile environmentSee More Headlines Receive TRST Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TrustCo Bank Corp NY and its competitors with MarketBeat's FREE daily newsletter. Email Address TRST Company Calendar Ex-Dividend for 7/3 Dividend6/01/2023Dividend Payable7/03/2023Last Earnings7/25/2023Ex-Dividend for 10/2 Dividend8/31/2023Today9/24/2023Dividend Payable10/02/2023Next Earnings (Estimated)10/23/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNASDAQ:TRST CUSIP89834910 CIK357301 Webwww.trustcobank.com Phone(518) 377-3311Fax518-381-3839Employees791Year FoundedN/APrice Target and Rating Average Stock Price Forecast$36.00 High Stock Price Forecast$36.00 Low Stock Price Forecast$36.00 Forecasted Upside/Downside+35.0%Consensus RatingSell Rating Score (0-4)1.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.90 Trailing P/E Ratio6.84 Forward P/E Ratio8.13 P/E GrowthN/ANet Income$75.23 million Net Margins32.40% Pretax Margin43.00% Return on Equity12.27% Return on Assets1.23% Debt Debt-to-Equity RatioN/A Current Ratio1.01 Quick Ratio1.01 Sales & Book Value Annual Sales$205.86 million Price / Sales2.46 Cash Flow$4.28 per share Price / Cash Flow6.23 Book Value$31.49 per share Price / Book0.85Miscellaneous Outstanding Shares19,020,000Free Float18,404,000Market Cap$507.26 million OptionableOptionable Beta0.91 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Robert Joseph McCormick (Age 59)Pres, CEO & Chairman Comp: $2.63MMr. Michael M. Ozimek (Age 49)Exec. VP & CFO Comp: $1.14MMr. Scot Reynold Salvador (Age 56)Exec. VP of Commercial Banking Comp: $1.41MMr. Robert Michael Leonard (Age 60)Exec. VP of Corp. Services & Risk Comp: $1.45MMr. Kevin M. Curley (Age 57)Exec. VP of Retail Banking Comp: $1.13MMr. Michael James Hall Esq. (Age 58)Gen. Counsel & Corp. Sec. Mr. Eric W. Schreck (Age 56)Exec. VP & Treasurer More ExecutivesKey CompetitorsFlushing FinancialNASDAQ:FFICHomeStreetNASDAQ:HMSTHeritage CommerceNASDAQ:HTBKAmalgamated FinancialNASDAQ:AMALUnivest FinancialNASDAQ:UVSPView All CompetitorsInsiders & InstitutionsBarclays PLCBought 9,597 shares on 9/21/2023Ownership: 0.142%Michael M OzimekBought 1,900 shares on 9/14/2023Total: $52,706.00 ($27.74/share)California State Teachers Retirement SystemSold 1,377 shares on 8/21/2023Ownership: 0.117%Osaic Holdings Inc.Sold 1,773 shares on 8/21/2023Ownership: 0.014%Nuveen Asset Management LLCBought 36,520 shares on 8/16/2023Ownership: 0.515%View All Insider TransactionsView All Institutional Transactions TRST Stock - Frequently Asked Questions Should I buy or sell TrustCo Bank Corp NY stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TrustCo Bank Corp NY in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" TRST shares. View TRST analyst ratings or view top-rated stocks. What is TrustCo Bank Corp NY's stock price forecast for 2023? 1 analysts have issued 12-month price objectives for TrustCo Bank Corp NY's shares. Their TRST share price forecasts range from $36.00 to $36.00. On average, they expect the company's stock price to reach $36.00 in the next year. This suggests a possible upside of 35.0% from the stock's current price. View analysts price targets for TRST or view top-rated stocks among Wall Street analysts. How have TRST shares performed in 2023? TrustCo Bank Corp NY's stock was trading at $37.59 at the start of the year. Since then, TRST shares have decreased by 29.1% and is now trading at $26.67. View the best growth stocks for 2023 here. When is TrustCo Bank Corp NY's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023. View our TRST earnings forecast. How were TrustCo Bank Corp NY's earnings last quarter? TrustCo Bank Corp NY (NASDAQ:TRST) released its quarterly earnings results on Tuesday, July, 25th. The bank reported $0.86 EPS for the quarter, beating the consensus estimate of $0.85 by $0.01. The bank had revenue of $60.68 million for the quarter, compared to the consensus estimate of $49.58 million. TrustCo Bank Corp NY had a trailing twelve-month return on equity of 12.27% and a net margin of 32.40%. During the same quarter last year, the company earned $0.93 earnings per share. How often does TrustCo Bank Corp NY pay dividends? What is the dividend yield for TrustCo Bank Corp NY? TrustCo Bank Corp NY declared a quarterly dividend on Tuesday, August 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.36 per share on Monday, October 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Thursday, August 31st. Read our dividend analysis for TRST. What ETFs hold TrustCo Bank Corp NY's stock? ETFs with the largest weight of TrustCo Bank Corp NY (NASDAQ:TRST) stock in their portfolio include Invesco S&P SmallCap Low Volatility ETF (XSLV).First Trust Dow Jones Select Microcap Index Fund (FDM). Is TrustCo Bank Corp NY a good dividend stock? TrustCo Bank Corp NY (NASDAQ:TRST) pays an annual dividend of $1.44 per share and currently has a dividend yield of 5.40%. TRST has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRST will have a dividend payout ratio of 50.35% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TRST. When did TrustCo Bank Corp NY's stock split? Shares of TrustCo Bank Corp NY reverse split on the morning of 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 market closes 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. What is Robert J. McCormick's approval rating as TrustCo Bank Corp NY's CEO? 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. What other stocks do shareholders of TrustCo Bank Corp NY own? 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). What is TrustCo Bank Corp NY's stock symbol? TrustCo Bank Corp NY trades on the NASDAQ under the ticker symbol "TRST." Who are TrustCo Bank Corp NY's major shareholders? TrustCo Bank Corp NY's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.63%), Dimensional Fund Advisors LP (5.98%), State Street Corp (4.55%), Geode Capital Management LLC (2.01%), Goldman Sachs Group Inc. (1.83%) and Northern Trust Corp (1.34%). Insiders that own company stock include Curtis N Powell, Eric W Schreck, Frank B Silverman, Frank B Silverman, Gennaro Dennis A De, Kevin M Curley, Kevin M Curley, Kimberly Adams Russell, Lisa M Lucarelli, Michael James Hall, Michael M Ozimek, Robert J Mccormick, Robert M Leonard, Robert M Leonard and Scot R Salvador. View institutional ownership trends. How do I buy shares of TrustCo Bank Corp NY? Shares of TRST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is TrustCo Bank Corp NY's stock price today? One share of TRST stock can currently be purchased for approximately $26.67. How much money does TrustCo Bank Corp NY make? TrustCo Bank Corp NY (NASDAQ:TRST) has a market capitalization of $507.26 million and generates $205.86 million in revenue each year. The bank earns $75.23 million in net income (profit) each year or $3.90 on an earnings per share basis. How many employees does TrustCo Bank Corp NY have? The company employs 791 workers across the globe. How can I contact TrustCo Bank Corp NY? TrustCo Bank Corp NY's mailing address is 5 SARNOWSKI DRIVE, GLENVILLE NY, 12205. The official website for the company is www.trustcobank.com. The bank can be reached via phone at (518) 377-3311, via email at ktimmons@trustcobank.com, or via fax at 518-381-3839. This page (NASDAQ:TRST) was last updated on 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding TrustCo Bank Corp NY Please log in to your account or sign up in order to add this asset to your watchlist. 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