TrustCo Bank Corp NY operates as the holding company for Trustco 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. Further, it provides retirement planning services; and operates 157 automatic teller machines. As of May 15, 2018, it operated 145 offices in New York, Florida, Massachusetts, New Jersey, and Vermont. TrustCo Bank Corp NY was founded in 1902 and is headquartered in Glenville, New York.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:TRST
Previous Symbol
CUSIP89834910
Phone518-377-3311
Debt
Debt-to-Equity RatioN/A
Current Ratio0.96
Quick Ratio0.96
Price-To-Earnings
Trailing P/E Ratio11.75
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$187.33 million
Price / Sales3.64
Cash Flow$0.5864 per share
Price / Cash Flow12.04
Book Value$4.76 per share
Price / Book1.48
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$43.14 million
Net Margins27.07%
Return on Equity12.39%
Return on Assets1.18%
Miscellaneous
Employees846
Outstanding Shares96,660,000
Market Cap$681.44 million
OptionableOptionable
TrustCo Bank Corp NY (NASDAQ:TRST) Frequently Asked Questions
What is TrustCo Bank Corp NY's stock symbol?
TrustCo Bank Corp NY trades on the NASDAQ under the ticker symbol "TRST."
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, November 20th. Stockholders of record on Friday, December 7th will be paid a dividend of $0.0681 per share on Wednesday, January 2nd. This represents a $0.27 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, December 6th. View TrustCo Bank Corp NY's Dividend History.
How were TrustCo Bank Corp NY's earnings last quarter?
TrustCo Bank Corp NY (NASDAQ:TRST) announced its quarterly earnings data on Monday, October, 22nd. The bank reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.00. The bank had revenue of $44.98 million for the quarter. TrustCo Bank Corp NY had a return on equity of 12.39% and a net margin of 27.07%. View TrustCo Bank Corp NY's Earnings History.
When is TrustCo Bank Corp NY's next earnings date?
What price target have analysts set for TRST?
1 Wall Street analysts have issued 12-month price objectives for TrustCo Bank Corp NY's stock. Their forecasts range from $9.00 to $9.00. On average, they expect TrustCo Bank Corp NY's stock price to reach $9.00 in the next year. This suggests a possible upside of 27.5% from the stock's current price. View Analyst Price Targets for TrustCo Bank Corp NY.
What is the consensus analysts' recommendation for 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 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for TrustCo Bank Corp NY.
Has TrustCo Bank Corp NY been receiving favorable news coverage?
News stories about TRST stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TrustCo Bank Corp NY earned a daily sentiment score of 1.0 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days.
Who are some of TrustCo Bank Corp NY's key competitors?
Some companies that are related to TrustCo Bank Corp NY include Texas Capital Bancshares (TCBI), Bancorpsouth Bank (BXS), South State (SSB), First Interstate Bancsystem (FIBK), International Bancshares (IBOC), Union Bankshares (UBSH), Independent Bank (INDB), Great Western Bancorp (GWB), First Bancorp (FBP), Renasant (RNST), TowneBank (TOWN), Banner (BANR), ServisFirst Bancshares (SFBS), United Community Banks (UCBI) and Eagle Bancorp (EGBN).
Who are TrustCo Bank Corp NY's key executives?
TrustCo Bank Corp NY's management team includes the folowing people:
- Mr. Robert Joseph McCormick, Pres, CEO & Director (Age 54)
- Mr. Michael M. Ozimek, Sr. VP & CFO (Age 44)
- Mr. Robert Michael Leonard, Exec. VP of Personnel & Chief Risk Officer (Age 55)
- Mr. Scot Reynold Salvador, Exec. VP & Chief Banking Officer (Age 51)
- Mr. Eric W. Schreck, Sr. VP & Treasurer (Age 51)
Who are TrustCo Bank Corp NY's major shareholders?
TrustCo Bank Corp NY's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.30%), Vanguard Group Inc (6.31%), Vanguard Group Inc. (6.31%), Dimensional Fund Advisors LP (5.98%), Royce & Associates LP (3.02%) and Franklin Resources Inc. (2.63%). Company insiders that own TrustCo Bank Corp NY stock include Eric W Schreck, Gennaro Dennis A De, Kevin M Curley, Lisa M Lucarelli, Michael James Hall and William D Powers. View Institutional Ownership Trends for TrustCo Bank Corp NY.
Which major investors are selling TrustCo Bank Corp NY stock?
TRST stock was sold by a variety of institutional investors in the last quarter, including Trustco Bank Corp N Y, Franklin Resources Inc., JPMorgan Chase & Co., JPMorgan Chase & Co., Martingale Asset Management L P, Systematic Financial Management LP, Morgan Stanley and Bessemer Group Inc.. Company insiders that have sold TrustCo Bank Corp NY company stock in the last year include Eric W Schreck and William D Powers. View Insider Buying and Selling for TrustCo Bank Corp NY.
Which major investors are buying TrustCo Bank Corp NY stock?
TRST stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Royce & Associates LP, Renaissance Technologies LLC, Dimensional Fund Advisors LP, Vanguard Group Inc, Vanguard Group Inc., First Trust Advisors LP and GSA Capital Partners LLP. Company insiders that have bought TrustCo Bank Corp NY stock in the last two years include Gennaro Dennis A De, Kevin M Curley, Lisa M Lucarelli and Michael James Hall. View Insider Buying and Selling 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, Scottrade, 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 $7.06.
How big of a company is TrustCo Bank Corp NY?
TrustCo Bank Corp NY has a market capitalization of $681.44 million and generates $187.33 million in revenue each year. TrustCo Bank Corp NY employs 846 workers across the globe.
What is TrustCo Bank Corp NY's official website?
How can I contact TrustCo Bank Corp NY?
TrustCo Bank Corp NY's mailing address is 5 SARNOWSKI DRIVE, GLENVILLE NY, 12302. The bank can be reached via phone at 518-377-3311 or via email at [email protected]
MarketBeat Community Rating for TrustCo Bank Corp NY (NASDAQ TRST)
MarketBeat's community ratings are surveys of what our community members think about TrustCo Bank Corp NY and other stocks. Vote "Outperform" if you believe TRST will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TRST will underperform the S&P 500 over the long term. You may vote once every thirty days.
