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NASDAQ:TRST

TrustCo Bank Corp NY Stock Forecast, Price & News

$6.29
-0.08 (-1.26 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$6.18
Now: $6.29
$6.36
50-Day Range
$5.40
MA: $5.81
$6.52
52-Week Range
$4.30
Now: $6.29
$9.10
Volume241,420 shs
Average Volume466,747 shs
Market Capitalization$606.56 million
P/E Ratio11.44
Dividend Yield4.24%
Beta1.22
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 is primarily involved in accepting deposits, and making 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. As of December 31, 2019, it operated 148 banking offices and 162 automatic teller machines in New York, Florida, Vermont, Massachusetts, and New Jersey. The company was founded in 1902 and is headquartered in Glenville, New York.
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TrustCo Bank Corp NY logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.26 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:TRST
CUSIP89834910
Phone518-377-3311
Employees771

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$210.72 million
Cash Flow$0.78 per share
Book Value$5.55 per share

Profitability

Net Income$57.84 million

Miscellaneous

Market Cap$606.56 million
Next Earnings Date1/19/2021 (Estimated)
OptionableOptionable
$6.29
-0.08 (-1.26 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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TrustCo Bank Corp NY (NASDAQ:TRST) Frequently Asked Questions

How has TrustCo Bank Corp NY's stock been impacted by Coronavirus (COVID-19)?

TrustCo Bank Corp NY's stock was trading at $6.12 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TRST shares have increased by 2.8% and is now trading at $6.29.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of TrustCo Bank Corp NY?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TrustCo Bank Corp NY in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for TrustCo Bank Corp NY
.

What stocks does MarketBeat like better than TrustCo Bank Corp NY?

Wall Street analysts have given TrustCo Bank Corp NY a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but TrustCo Bank Corp NY wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is TrustCo Bank Corp NY's next earnings date?

TrustCo Bank Corp NY is scheduled to release its next quarterly earnings announcement on Tuesday, January 19th 2021.
View our earnings forecast for TrustCo Bank Corp NY
.

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

TrustCo Bank Corp NY (NASDAQ:TRST) announced its quarterly earnings data on Wednesday, October, 21st. The bank reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. TrustCo Bank Corp NY had a net margin of 25.94% and a return on equity of 9.82%.
View TrustCo Bank Corp NY's earnings history
.

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 17th. Investors of record on Friday, December 4th will be given a dividend of $0.068 per share on Monday, January 4th. This represents a $0.27 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Thursday, December 3rd.
View TrustCo Bank Corp NY's dividend history
.

What price target have analysts set for TRST?

1 brokers have issued twelve-month target prices for TrustCo Bank Corp NY's shares. Their forecasts range from $6.50 to $6.50. On average, they anticipate TrustCo Bank Corp NY's stock price to reach $6.50 in the next year. This suggests a possible upside of 3.3% from the stock's current price.
View analysts' price targets for TrustCo Bank Corp NY
.

Who are some of TrustCo Bank Corp NY's key competitors?

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 key executives?

TrustCo Bank Corp NY's management team includes the following people:
  • Mr. Robert Joseph McCormick, Pres, CEO & Chairman (Age 56, Pay $2.24M)
  • Mr. Michael M. Ozimek, Exec. VP & CFO (Age 46, Pay $915.86k)
  • Mr. Kevin M. Curley, Exec. VP & COO (Age 54, Pay $803.32k)
  • Mr. Robert Michael Leonard, Exec. VP of Personnel & Chief Risk Officer (Age 57, Pay $1.52M)
  • Mr. Scot Reynold Salvador, Exec. VP & Chief Lending Officer (Age 53, Pay $1.44M)
  • Mr. Michael James Hall Esq., Gen. Counsel & Corp. Sec. (Age 55)
  • Mr. Eric W. Schreck, Sr. VP & Treasurer (Age 53)

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.69%), State Street Corp (3.15%), Assenagon Asset Management S.A. (0.95%), Principal Financial Group Inc. (0.72%), Royce & Associates LP (0.69%) and Charles Schwab Investment Management Inc. (0.66%). Company insiders that own TrustCo Bank Corp NY stock include Anthony J Md Phd Marinello, Eric W Schreck, Frank B Silverman, Gennaro Dennis A De, Kevin M Curley, Lisa M Lucarelli, Michael James Hall, Robert J Mccormick, Robert M Leonard, Scot R Salvador and William D Powers.
View institutional ownership trends for TrustCo Bank Corp NY
.

Which institutional investors are selling TrustCo Bank Corp NY stock?

TRST stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, WINTON GROUP Ltd, Acadian Asset Management LLC, Maltese Capital Management LLC, State Street Corp, Thrivent Financial for Lutherans, Arrowstreet Capital Limited Partnership, and Principal Financial Group Inc..
View insider buying and selling activity for TrustCo Bank Corp NY
.

Which institutional investors are buying TrustCo Bank Corp NY stock?

TRST stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., State of New Jersey Common Pension Fund D, JPMorgan Chase & Co., Kestra Advisory Services LLC, BNP Paribas Arbitrage SA, Louisiana State Employees Retirement System, UBS Asset Management Americas Inc., and Cubist Systematic Strategies LLC. Company insiders that have bought TrustCo Bank Corp NY stock in the last two years include Anthony J Md Phd Marinello, Eric W Schreck, Frank B Silverman, Gennaro Dennis A De, Kevin M Curley, Lisa M Lucarelli, Michael James Hall, Robert J Mccormick, Robert M Leonard, and Scot R Salvador.
View insider buying and selling activity for TrustCo Bank Corp NY
.

How do I buy shares of TrustCo Bank Corp NY?

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

What is TrustCo Bank Corp NY's stock price today?

One share of TRST stock can currently be purchased for approximately $6.29.

How big of a company is TrustCo Bank Corp NY?

TrustCo Bank Corp NY has a market capitalization of $606.56 million and generates $210.72 million in revenue each year. The bank earns $57.84 million in net income (profit) each year or $0.60 on an earnings per share basis. TrustCo Bank Corp NY employs 771 workers across the globe.

What is TrustCo Bank Corp NY's official website?

The official website for TrustCo Bank Corp NY is www.trustcobank.com.

How can I contact TrustCo Bank Corp NY?

TrustCo Bank Corp NY's mailing address is 5 SARNOWSKI DRIVE, GLENVILLE NY, 12205. The bank can be reached via phone at 518-377-3311 or via email at [email protected]

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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