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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TrustCo Bank Corp NY in the last twelve months. 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.

1 Wall Street research analysts have issued 12 month target prices for TrustCo Bank Corp NY's shares. Their TRST share price targets range from $36.00 to $36.00. On average, they expect the company's stock price to reach $36.00 in the next twelve months. This suggests a possible upside of 21.3% from the stock's current price.
View analysts price targets for TRST or view top-rated stocks among Wall Street analysts.

TrustCo Bank Corp NY's stock was trading at $37.59 at the beginning of 2023. Since then, TRST stock has decreased by 21.0% and is now trading at $29.69.
View the best growth stocks for 2023 here.

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

TrustCo Bank Corp NY (NASDAQ:TRST) posted its quarterly earnings data on Tuesday, October, 24th. The bank reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.01. The bank earned $62.13 million during the quarter, compared to analysts' expectations of $47.29 million. TrustCo Bank Corp NY had a trailing twelve-month return on equity of 11.34% and a net margin of 29.26%. During the same period in the previous year, the company earned $1.01 EPS.

TrustCo Bank Corp NY announced a quarterly dividend on Tuesday, November 21st. Stockholders of record on Friday, December 1st will be given a dividend of $0.36 per share on Tuesday, January 2nd. This represents a $1.44 annualized dividend and a yield of 4.85%. The ex-dividend date is Thursday, November 30th.
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 4.91%. 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 39.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRST will have a dividend payout ratio of 49.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRST.

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).

TrustCo Bank Corp NY shares reverse split 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).

TrustCo Bank Corp NY's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (1.67%), Northern Trust Corp (1.32%), Bank of New York Mellon Corp (1.13%), American Century Companies Inc. (1.07%), AQR Capital Management LLC (1.01%) and Charles Schwab Investment Management Inc. (0.81%). Insiders that own company stock include Curtis N Powell, Eric W Schreck, Frank B Silverman, Frank B Silverman, 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.

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.