NASDAQ:TRST TrustCo Bank Corp NY (TRST) Stock Forecast, Price & News $29.99 +1.64 (+5.78%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$28.26▼$30.1850-Day Range$27.43▼$32.2352-Week Range$27.18▼$39.36Volume102,993 shsAverage Volume96,959 shsMarket Capitalization$570.53 millionP/E Ratio7.55Dividend Yield4.80%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 RatingReduce1.00 Rating ScoreUpside/Downside20.0% Upside$36.00 Price TargetShort InterestHealthy2.02% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.73Based on 4 Articles This WeekInsider TradingAcquiring Shares$498,054 Bought Last QuarterProj. Earnings Growth-12.17%From $3.45 to $3.03 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.2.46 out of 5 starsFinance Sector412th out of 861 stocksState Commercial Banks Industry120th out of 176 stocks 1.5 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 20.0% from its current price of $29.99.Amount of Analyst CoverageTrustCo Bank Corp NY has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.02% 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 3.6, 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 4.92%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipTrustCo Bank Corp NY is a leading dividend payer. It pays a dividend yield of 5.17%, 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 36.27%. 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 47.52% 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 3.2 News and Social Media Coverage News SentimentTrustCo Bank Corp NY has a news sentiment score of 0.73. 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 0.61 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for TrustCo Bank Corp NY this week, compared to 2 articles on an average week.Search Interest5 people have searched for TRST on MarketBeat in the last 30 days. This is an increase of 150% 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 $498,054.00 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 Institutions65.30% 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 -12.17% in the coming year, from $3.45 to $3.03 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TrustCo Bank Corp NY is 7.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.01.Price to Earnings Ratio vs. SectorThe P/E ratio of TrustCo Bank Corp NY is 7.55, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 157.31.Price to Book Value per Share RatioTrustCo Bank Corp NY has a P/B Ratio of 0.95. 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. It 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 firm 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, NY.Read More 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 Stock News HeadlinesJune 1, 2023 | finance.yahoo.comTRST - TrustCo Bank Corp NYMay 31, 2023 | americanbankingnews.comTrustCo Bank Corp NY (NASDAQ:TRST) Declares $0.36 Quarterly DividendJune 6, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 19, 2023 | americanbankingnews.comTrustCo Bank Corp NY (NASDAQ:TRST) Receives New Coverage from Analysts at StockNews.comMay 19, 2023 | americanbankingnews.comRobert J. Mccormick Buys 4,096 Shares of TrustCo Bank Corp NY (NASDAQ:TRST) StockMay 16, 2023 | finance.yahoo.comBuilt on an Independent and Strong Foundation, TrustCo Declares DividendMay 12, 2023 | americanbankingnews.comScot R. Salvador Purchases 907 Shares of TrustCo Bank Corp NY (NASDAQ:TRST) StockMay 12, 2023 | americanbankingnews.comAnalyzing F & M Bank (OTCMKTS:FMBM) and TrustCo Bank Corp NY (NASDAQ:TRST)June 6, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 12, 2023 | americanbankingnews.comMichael M. Ozimek Purchases 2,000 Shares of TrustCo Bank Corp NY (NASDAQ:TRST) StockMay 5, 2023 | americanbankingnews.comTrustCo Bank Corp NY (NASDAQ:TRST) CFO Michael M. Ozimek Purchases 1,750 SharesMay 4, 2023 | americanbankingnews.comInsider Buying: TrustCo Bank Corp NY (NASDAQ:TRST) COO Purchases $30,002.48 in StockMay 3, 2023 | americanbankingnews.comMichael James Hall Purchases 835 Shares of TrustCo Bank Corp NY (NASDAQ:TRST) StockMay 3, 2023 | americanbankingnews.comEric W. Schreck Acquires 500 Shares of TrustCo Bank Corp NY (NASDAQ:TRST) StockApril 29, 2023 | americanbankingnews.comTrustCo Bank Corp NY (NASDAQ:TRST) Short Interest UpdateApril 29, 2023 | americanbankingnews.comTrustCo Bank Corp NY (NASDAQ:TRST) Downgraded by StockNews.com to SellApril 28, 2023 | americanbankingnews.comTrustCo Bank Corp NY (NASDAQ:TRST) Hits New 52-Week Low at $29.03April 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 31, 2023 | americanbankingnews.comTrustCo Bank Corp NY (NASDAQ:TRST) Sees Significant Growth in Short InterestMarch 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 DividendSee More Headlines TRST Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TRST Company Calendar Last Earnings1/24/2023Ex-Dividend for 4/3 Dividend3/02/2023Dividend Payable4/03/2023Ex-Dividend for 7/3 Dividend6/01/2023Today6/06/2023Dividend Payable7/03/2023Next Earnings (Estimated)7/20/2023Fiscal 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) 377-3311Fax518-381-3839Employees769Year 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+20.0%Consensus RatingReduce Rating Score (0-4)1.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.97 Trailing P/E Ratio7.55 Forward P/E Ratio8.69 P/E GrowthN/ANet Income$75.23 million Net Margins34.81% Pretax Margin46.04% Return on Equity12.66% Return on Assets1.25% Debt Debt-to-Equity RatioN/A Current Ratio1.00 Quick Ratio1.00 Sales & Book Value Annual Sales$205.75 million Price / Sales2.77 Cash Flow$4.36 per share Price / Cash Flow6.88 Book Value$31.49 per share Price / Book0.95Miscellaneous Outstanding Shares19,024,000Free Float18,404,000Market Cap$570.53 million OptionableOptionable Beta0.90 Key ExecutivesRobert Joseph McCormickChairman, President & Chief Executive OfficerMichael M. OzimekChief Financial Officer & Executive Vice PresidentRobert Michael LeonardChief Risk Officer & Executive Vice PresidentEric W. SchreckTreasurer & Executive Vice PresidentScot Reynold SalvadorExecutive Vice President-CommercialKey CompetitorsFlushing FinancialNASDAQ:FFICOld Second BancorpNASDAQ:OSBCUnivest FinancialNASDAQ:UVSPConnectOne BancorpNASDAQ:CNOBFirst Community BanksharesNASDAQ:FCBCView All CompetitorsInsiders & InstitutionsBrandywine Global Investment Management LLCBought 12,576 shares on 5/25/2023Ownership: 0.260%Ameriprise Financial Inc.Sold 34,033 shares on 5/22/2023Ownership: 0.632%Putnam Investments LLCBought 10,312 shares on 5/22/2023Ownership: 0.054%JPMorgan Chase & Co.Sold 52,300 shares on 5/18/2023Ownership: 0.455%New York State Common Retirement FundSold 3,722 shares on 5/18/2023Ownership: 0.051%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 brokers have issued twelve-month price objectives for TrustCo Bank Corp NY's stock. Their TRST share price forecasts range from $36.00 to $36.00. On average, they predict the company's stock price to reach $36.00 in the next twelve months. This suggests a possible upside of 20.0% 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 beginning of 2023. Since then, TRST stock has decreased by 20.2% and is now trading at $29.99. 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 Thursday, July 20th 2023. View our TRST earnings forecast. How were TrustCo Bank Corp NY's earnings last quarter? TrustCo Bank Corp NY (NASDAQ:TRST) released its earnings results on Tuesday, January, 24th. The bank reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.11. The bank had revenue of $56.86 million for the quarter, compared to analysts' expectations of $52.32 million. TrustCo Bank Corp NY had a trailing twelve-month return on equity of 12.66% and a net margin of 34.81%. How often does TrustCo Bank Corp NY pay dividends? What is the dividend yield for TrustCo Bank Corp NY? TrustCo Bank Corp NY announced a quarterly dividend on Tuesday, May 16th. Stockholders of record on Friday, June 2nd will be given a dividend of $0.36 per share on Monday, July 3rd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Thursday, June 1st. 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 First Trust Dow Jones Select Microcap Index Fund (FDM), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Low Volatility ETF (XSLV), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Invesco S&P SmallCap Value with Momentum ETF (XSVM), iShares US Small Cap Value Factor ETF (SVAL), Hartford Multifactor Small Cap ETF (ROSC) and First Trust NASDAQ ABA Community Bank Index Fund (QABA). 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 5.17%. 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 36.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRST will have a dividend payout ratio of 47.52% 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 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. 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.80%), Dimensional Fund Advisors LP (5.94%), State Street Corp (4.53%), Systematic Financial Management LP (4.30%), Geode Capital Management LLC (2.00%) and Bank of New York Mellon Corp (1.24%). 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 $29.99. How much money does TrustCo Bank Corp NY make? TrustCo Bank Corp NY (NASDAQ:TRST) has a market capitalization of $570.53 million and generates $205.75 million in revenue each year. The bank earns $75.23 million in net income (profit) each year or $3.97 on an earnings per share basis. How many employees does TrustCo Bank Corp NY have? The company employs 769 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 6/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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