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NASDAQ:TRST

TrustCo Bank Corp NY (TRST) Stock Forecast, Price & News

$29.99
+1.64 (+5.78%)
(As of 06/6/2023 ET)
Compare
Today's Range
$28.26
$30.18
50-Day Range
$27.43
$32.23
52-Week Range
$27.18
$39.36
Volume
102,993 shs
Average Volume
96,959 shs
Market Capitalization
$570.53 million
P/E Ratio
7.55
Dividend Yield
4.80%
Price Target
$36.00

TrustCo Bank Corp NY MarketRank™ Forecast

Analyst Rating
Reduce
1.00 Rating Score
Upside/​Downside
20.0% Upside
$36.00 Price Target
Short Interest
Healthy
2.02% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.73mentions of TrustCo Bank Corp NY in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$498,054 Bought Last Quarter
Proj. Earnings Growth
-12.17%
From $3.45 to $3.03 Per Share

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 stars

Finance Sector

412th out of 861 stocks

State Commercial Banks Industry

120th out of 176 stocks


TRST stock logo

About TrustCo Bank Corp NY (NASDAQ:TRST) Stock

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. 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.

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TRST Stock News Headlines

TRST - TrustCo Bank Corp NY
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.
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.
TrustCo Bank Corp NY (NASDAQ:TRST) Short Interest Update
Q1 2023 TrustCo Bank Corp NY Earnings Call
Time To Buy TrustCo Bank
See More Headlines

TRST Price History

TRST Company Calendar

Last Earnings
1/24/2023
Ex-Dividend for 4/3 Dividend
3/02/2023
Dividend Payable
4/03/2023
Ex-Dividend for 7/3 Dividend
6/01/2023
Today
6/06/2023
Dividend Payable
7/03/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Current Symbol
NASDAQ:TRST
CUSIP
89834910
Employees
769
Year Founded
N/A

Price 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 Rating
Reduce
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$75.23 million
Pretax Margin
46.04%

Debt

Sales & Book Value

Annual Sales
$205.75 million
Cash Flow
$4.36 per share
Book Value
$31.49 per share

Miscellaneous

Free Float
18,404,000
Market Cap
$570.53 million
Optionable
Optionable
Beta
0.90

Key Executives

  • Robert Joseph McCormickRobert Joseph McCormick
    Chairman, President & Chief Executive Officer
  • Michael M. OzimekMichael M. Ozimek
    Chief Financial Officer & Executive Vice President
  • Robert Michael Leonard
    Chief Risk Officer & Executive Vice President
  • Eric W. Schreck
    Treasurer & Executive Vice President
  • Scot Reynold Salvador
    Executive Vice President-Commercial













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
.

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

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