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S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
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66,000% upside on tiny biotech? (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
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Stock market today: Asian shares fall over China worries, Seoul trading closed for a holiday
U.S. Loses to China in Shocking WAR GAMES (Ad)
This Little Known Automaker May Save Your Life and Your Portfolio
How You Can Reverse Engineer Michael Burry's Latest Buy
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
66,000% upside on tiny biotech? (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
U.S. Loses to China in Shocking WAR GAMES (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Asian shares fall over China worries, Seoul trading closed for a holiday
U.S. Loses to China in Shocking WAR GAMES (Ad)
This Little Known Automaker May Save Your Life and Your Portfolio
How You Can Reverse Engineer Michael Burry's Latest Buy
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
66,000% upside on tiny biotech? (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
U.S. Loses to China in Shocking WAR GAMES (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Asian shares fall over China worries, Seoul trading closed for a holiday
U.S. Loses to China in Shocking WAR GAMES (Ad)
This Little Known Automaker May Save Your Life and Your Portfolio
How You Can Reverse Engineer Michael Burry's Latest Buy
NASDAQ:TRST

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

$26.74
+0.24 (+0.91%)
(As of 09/27/2023 ET)
Compare
Today's Range
$26.47
$26.88
50-Day Range
$26.50
$31.11
52-Week Range
$26.36
$39.36
Volume
63,289 shs
Average Volume
88,557 shs
Market Capitalization
$508.59 million
P/E Ratio
6.86
Dividend Yield
5.39%
Price Target
$36.00

TrustCo Bank Corp NY MarketRank™ Forecast

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
34.6% Upside
$36.00 Price Target
Short Interest
Bearish
1.63% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.30mentions of TrustCo Bank Corp NY in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$52,706 Bought Last Quarter
Proj. Earnings Growth
-12.80%
From $3.28 to $2.86 Per Share

Overall MarketRank

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

2.48 out of 5 stars

Finance Sector

388th out of 845 stocks

State Commercial Banks Industry

98th out of 178 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. 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 Price History

TRST Stock News Headlines

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Trustco Bank: The Bank The Recovery Forgot
Q2 2023 TrustCo Bank Corp NY Earnings Call
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Earnings Outlook For Trustco Bank
TRST - TrustCo Bank Corp NY
Q1 2023 TrustCo Bank Corp NY Earnings Call
Time To Buy TrustCo Bank
TrustCo Bank declares $0.36 dividend
See More Headlines
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TRST Company Calendar

Ex-Dividend for 7/3 Dividend
6/01/2023
Dividend Payable
7/03/2023
Last Earnings
7/25/2023
Ex-Dividend for 10/2 Dividend
8/31/2023
Today
9/28/2023
Dividend Payable
10/02/2023
Next Earnings (Estimated)
10/23/2023
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
791
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
+34.6%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$75.23 million
Pretax Margin
43.00%

Debt

Sales & Book Value

Annual Sales
$205.86 million
Cash Flow
$4.29 per share
Book Value
$31.49 per share

Miscellaneous

Free Float
18,404,000
Market Cap
$508.59 million
Optionable
Optionable
Beta
0.91
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Key Executives

  • Mr. Robert Joseph McCormickMr. Robert Joseph McCormick (Age 59)
    Pres, CEO & Chairman
    Comp: $2.63M
  • Mr. Michael M. OzimekMr. Michael M. Ozimek (Age 49)
    Exec. VP & CFO
    Comp: $1.14M
  • Mr. Scot Reynold Salvador (Age 56)
    Exec. VP of Commercial Banking
    Comp: $1.41M
  • Mr. Robert Michael Leonard (Age 60)
    Exec. VP of Corp. Services & Risk
    Comp: $1.45M
  • Mr. Kevin M. Curley (Age 57)
    Exec. VP of Retail Banking
    Comp: $1.13M
  • Mr. Michael James Hall Esq.Mr. Michael James Hall Esq. (Age 58)
    Gen. Counsel & Corp. Sec.
  • Mr. Eric W. Schreck (Age 56)
    Exec. VP & Treasurer













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 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 forecast for 2023?

1 equities research analysts have issued 12 month price objectives for TrustCo Bank Corp NY's shares. Their TRST share price forecasts range from $36.00 to $36.00. On average, they expect the company's share price to reach $36.00 in the next twelve months. This suggests a possible upside of 34.6% 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 the year. Since then, TRST stock has decreased by 28.9% and is now trading at $26.74.
View the best growth stocks for 2023 here
.

Are investors shorting TrustCo Bank Corp NY?

TrustCo Bank Corp NY saw a increase in short interest in September. As of September 15th, there was short interest totaling 300,300 shares, an increase of 23.7% from the August 31st total of 242,800 shares. Based on an average trading volume of 70,400 shares, the short-interest ratio is presently 4.3 days. Currently, 1.6% of the company's stock are short sold.
View TrustCo Bank Corp NY's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our TRST earnings forecast
.

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

TrustCo Bank Corp NY (NASDAQ:TRST) issued its quarterly earnings data on Tuesday, July, 25th. The bank reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.01. The bank earned $60.68 million during the quarter, compared to analysts' expectations of $49.58 million. TrustCo Bank Corp NY had a trailing twelve-month return on equity of 12.27% and a net margin of 32.40%. During the same quarter in the previous year, the business posted $0.93 EPS.

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, August 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.36 per share on Monday, October 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend is Thursday, August 31st.
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).

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 5.39%. 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 36.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRST will have a dividend payout ratio of 50.35% 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?

TrustCo Bank Corp NY shares 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 market closes 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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.63%), Dimensional Fund Advisors LP (5.98%), State Street Corp (4.55%), Geode Capital Management LLC (2.01%), Goldman Sachs Group Inc. (1.83%) and Northern Trust Corp (1.34%). 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 $26.74.

How much money does TrustCo Bank Corp NY make?

TrustCo Bank Corp NY (NASDAQ:TRST) has a market capitalization of $508.59 million and generates $205.86 million in revenue each year. The bank earns $75.23 million in net income (profit) each year or $3.90 on an earnings per share basis.

How many employees does TrustCo Bank Corp NY have?

The company employs 791 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 9/28/2023 by MarketBeat.com Staff

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