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MarketBeat Week in Review – 12/4 - 12/8
All the trading advice you’ve ever received boils down to this (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
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All the trading advice you’ve ever received boils down to this (Ad)
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
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[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Consumer product agency issues warning on small magnetic balls linked to deaths
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
All the trading advice you’ve ever received boils down to this (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
All the trading advice you’ve ever received boils down to this (Ad)
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Consumer product agency issues warning on small magnetic balls linked to deaths
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
All the trading advice you’ve ever received boils down to this (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
All the trading advice you’ve ever received boils down to this (Ad)
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Consumer product agency issues warning on small magnetic balls linked to deaths
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
All the trading advice you’ve ever received boils down to this (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
All the trading advice you’ve ever received boils down to this (Ad)
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Consumer product agency issues warning on small magnetic balls linked to deaths
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa

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

$29.69
+0.34 (+1.16%)
(As of 12/8/2023 ET)
Compare
Today's Range
$29.06
$29.97
50-Day Range
$24.62
$29.69
52-Week Range
$23.78
$38.81
Volume
84,800 shs
Average Volume
59,849 shs
Market Capitalization
$564.70 million
P/E Ratio
8.11
Dividend Yield
4.85%
Price Target
$36.00

TrustCo Bank Corp NY MarketRank™ Stock Analysis

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
21.3% Upside
$36.00 Price Target
Short Interest
Healthy
1.33% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$150,486 Bought Last Quarter
Proj. Earnings Growth
-10.25%
From $3.22 to $2.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Finance Sector

204th out of 826 stocks

State Commercial Banks Industry

31st out of 171 stocks


TRST stock logo

About TrustCo Bank Corp NY Stock (NASDAQ:TRST)

TrustCo 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.

TRST Stock Price History

TRST Stock News Headlines

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Q3 2023 TrustCo Bank Corp NY Earnings Call
TrustCo Bank (TRST) Q3 Earnings Surpass Estimates
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
TrustCo Bank names new board member
Trustco Bank: The Bank The Recovery Forgot
Q2 2023 TrustCo Bank Corp NY Earnings Call
Earnings Outlook For Trustco Bank
TRST - TrustCo Bank Corp NY
Q1 2023 TrustCo Bank Corp NY Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 10/2 Dividend
8/31/2023
Dividend Payable
10/02/2023
Last Earnings
10/24/2023
Ex-Dividend for 1/2 Dividend
11/30/2023
Today
12/09/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/02/2024
Next Earnings (Estimated)
1/22/2024

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Current Symbol
NASDAQ:TRST
CUSIP
89834910
Employees
764
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$36.00
High Stock Price Target
$36.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+21.3%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$75.23 million
Pretax Margin
38.70%

Debt

Sales & Book Value

Annual Sales
$205.86 million
Cash Flow
$4.33 per share
Book Value
$31.49 per share

Miscellaneous

Free Float
18,404,000
Market Cap
$564.70 million
Optionable
Optionable
Beta
0.89
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TRST Stock Analysis - 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 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.

What is TrustCo Bank Corp NY's stock price target for 2024?

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.

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 21.0% and is now trading at $29.69.
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, January 22nd 2024.
View our TRST earnings forecast
.

How were TrustCo Bank Corp NY's earnings last quarter?

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.

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, 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
.

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 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.

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).

When did TrustCo Bank Corp NY's stock split?

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.

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).

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 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
.

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.

This page (NASDAQ:TRST) was last updated on 12/10/2023 by MarketBeat.com Staff

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