TrustCo Bank Corp NY is a savings and loan holding company. The Company's principal subsidiary is Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. It operates through community banking segment. The Bank's business consists of accepting deposits and making loans and investments. The Bank provides both personal and business banking services. The Bank's subsidiary, Trustco Realty Corp., is a real estate investment trust (REIT) formed to acquire, hold and manage real estate mortgage assets, including residential mortgage loans and mortgage backed securities. The Bank's trust department operates under the name, Trustco Financial Services, and serves as executor of estates and trustee of personal trusts, provides asset and wealth management services, and provides estate planning and related advice, provides custodial services.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Regional - Northeast Banks
- Sub-Industry: Thrifts & Mortgage Finance
- Symbol: NASDAQ:TRST
- CUSIP: 89834910
- Web: www.trustcobank.com
Capitalization:- Market Cap: $715.18 million
- Outstanding Shares: 95,997,000
Average Prices:- 50 Day Moving Avg: $7.82
- 200 Day Moving Avg: $8.16
- 52 Week Range: $6.00 - $9.00
P/E:- Trailing P/E Ratio: 16.78
- Foreward P/E Ratio: 13.30
- P/E Growth: 3.38
Sales & Book Value:- Annual Revenue: $163.69 million
- Price / Sales: 4.37
- Book Value: $4.57 per share
- Price / Book: 1.63
Dividend:- Annual Dividend: $0.26
- Dividend Yield: 3.5%
Profitability:- Net Margins: 23.62%
- Return on Equity: 9.90%
- Return on Assets: 0.88%
Debt:- Current Ratio: 0.92%
- Quick Ratio: 0.92%
Misc:- Average Volume: 268,006 shs.
- Beta: 1.12
- Short Ratio: 4.4
Frequently Asked Questions for TrustCo Bank Corp NY (NASDAQ:TRST)
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, May 16th. Investors of record on Friday, June 2nd will be given a dividend of $0.0656 per share on Monday, July 3rd. This represents a $0.26 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Wednesday, May 31st. View TrustCo Bank Corp NY's Dividend History.
How were TrustCo Bank Corp NY's earnings last quarter?
TrustCo Bank Corp NY (NASDAQ:TRST) posted its quarterly earnings data on Friday, April, 21st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.00. The company earned $42.13 million during the quarter. TrustCo Bank Corp NY had a net margin of 23.62% and a return on equity of 9.90%. During the same period in the previous year, the firm earned $0.11 earnings per share. View TrustCo Bank Corp NY's Earnings History.
When will TrustCo Bank Corp NY make its next earnings announcement?
Are investors shorting TrustCo Bank Corp NY?
TrustCo Bank Corp NY saw a decline in short interest in the month of April. As of April 13th, there was short interest totalling 755,672 shares, a decline of 24.5% from the March 31st total of 1,000,336 shares. Based on an average daily trading volume, of 332,377 shares, the short-interest ratio is presently 2.3 days. Currently, 0.8% of the company's stock are sold short.
Who are some of TrustCo Bank Corp NY's key competitors?
Some companies that are related to TrustCo Bank Corp NY include Boston Private Financial Hldg (BPFH), S & T Bancorp (STBA), First Commonwealth Financial (FCF), Beneficial Bancorp (BNCL), Lakeland Bancorp (LBAI), Customers Bancorp (CUBI), Washington Trust Bancorp (WASH), Univest Co. of Pennsylvania (UVSP), Northfield Bancorp (NFBK), Oritani Financial Corp. (ORIT), ConnectOne Bancorp (CNOB), Bridge Bancorp (BDGE), First of Long Island Corp (FLIC), Horizon Bancorp (HBNC), Republic First Bancorp (FRBK), Sun Bancorp, Inc. /NJ (SNBC), Hometrust Bancshares (HTBI) and CNB Financial Corp (CCNE).
Who owns TrustCo Bank Corp NY stock?
TrustCo Bank Corp NY's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.17%), Royce & Associates LP (5.43%), Dimensional Fund Advisors LP (5.41%), Vanguard Group Inc. (5.41%), State Street Corp (2.31%) and Bank of New York Mellon Corp (1.51%). Company insiders that own TrustCo Bank Corp NY stock include Brian C Flynn, Gennaro Dennis A De and William D Powers. View Institutional Ownership Trends for TrustCo Bank Corp NY.
Who sold TrustCo Bank Corp NY stock? Who is selling TrustCo Bank Corp NY stock?
TrustCo Bank Corp NY's stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Goldman Sachs Group Inc., Acadian Asset Management LLC, Morgan Stanley, TIAA CREF Investment Management LLC, JPMorgan Chase & Co., UBS Group AG and Nationwide Fund Advisors. View Insider Buying and Selling for TrustCo Bank Corp NY.
Who bought TrustCo Bank Corp NY stock? Who is buying TrustCo Bank Corp NY stock?
TrustCo Bank Corp NY's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Dimensional Fund Advisors LP, AQR Capital Management LLC, Bank of New York Mellon Corp, Parametric Portfolio Associates LLC, Menta Capital LLC and Karp Capital Management Corp. Company insiders that have bought TrustCo Bank Corp NY stock in the last two years include Brian C Flynn and Gennaro Dennis A De. View Insider Buying and Selling for TrustCo Bank Corp NY.
How do I buy TrustCo Bank Corp NY stock?
Shares of TrustCo Bank Corp NY can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of TrustCo Bank Corp NY stock cost?
One share of TrustCo Bank Corp NY stock can currently be purchased for approximately $7.45.
Consensus Ratings for TrustCo Bank Corp NY (NASDAQ:TRST) (?) The ratings breakdown includes the most recent rating from each analyst that has rated the stock within the last twelve months. The ratings score is a calculation of the average number of sell, hold, buy and strong buy ratings (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The consensus price target is a mean average of the most recent price target set by each analyst that has set a price target for the stock in the last twelve months.| Ratings Breakdown: | No ratings tracked in the last 12 months. |
| Consensus Rating: | N/A (Score: NaN) |
| Consensus Price Target: | N/A |
Analysts' Ratings History for TrustCo Bank Corp NY (NASDAQ:TRST)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/7/2015 | Keefe, Bruyette & Woods | Upgrade | Underperform -> Market Perform | $6.00 | N/A |  |
| 10/2/2015 | Sandler O'Neill | Lower Price Target | | $7.00 -> $6.00 | N/A | |
(Data available from 5/27/2015 forward)
Earnings History for TrustCo Bank Corp NY (NASDAQ:TRST)Earnings History by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 7/19/2017 | | | | | | | | |
| 4/21/2017 | Q1 2017 | $0.11 | $0.11 | | $42.13 million | View | N/A | |
| 1/23/2017 | Q4 2016 | $0.11 | $0.11 | | $41.42 million | View | N/A | |
| 10/21/2016 | Q3 | $0.11 | $0.11 | | $41.40 million | View | N/A | |
| 7/21/2016 | Q2 | $0.11 | $0.11 | | $41.50 million | View | N/A | |
| 4/21/2016 | Q1 | $0.11 | $0.11 | | $40.75 million | View | N/A | |
| 1/21/2016 | Q4 | $0.10 | $0.11 | | $40.69 million | View | Listen | |
| 10/21/2015 | Q3 | $0.10 | $0.11 | | $40.42 million | View | Listen | |
| 7/21/2015 | Q2 | $0.11 | $0.11 | | $40.13 million | View | Listen | |
| 4/21/2015 | Q115 | $0.11 | $0.11 | $40.29 million | $39.79 million | View | N/A | |
| 1/21/2015 | Q314 | $0.11 | $0.11 | $40.32 million | $40.42 million | View | N/A | |
| 10/21/2014 | Q3 | $0.10 | $0.11 | | $40.54 million | View | N/A | |
| 7/21/2014 | Q214 | $0.11 | $0.13 | $38.97 million | $39.99 million | View | N/A | |
| 4/21/2014 | Q1 14 | $0.11 | $0.12 | | $40.42 million | View | N/A | |
| 1/21/2014 | Q4 13 | $0.11 | $0.11 | $38.67 million | | View | N/A | |
| 10/21/2013 | Q313 | $0.10 | $0.11 | $37.87 million | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for TrustCo Bank Corp NY (NASDAQ:TRST)Current Year EPS Consensus Estimate: $0.45 EPS
Next Year EPS Consensus Estimate: $0.56 EPS
Current Dividend Information for TrustCo Bank Corp NY (NASDAQ:TRST)| Next Dividend: | 7/3/2017 |
| Annual Dividend: | $0.26 |
| Dividend Yield: | 3.49% |
| Payout Ratio: | 59.09% (Trailing 12 Months of Earnings)
57.78% (Based on This Year's Estimates)
46.43% (Based on Next Year's Estimates)
|
Dividend History by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/16/2017 | quarterly | $0.07 | 3.48% | 5/31/2017 | 6/2/2017 | 7/3/2017 |
| 2/21/2017 | quarterly | $0.07 | 3.05% | 3/1/2017 | 3/3/2017 | 4/3/2017 |
| 11/15/2016 | quarterly | $0.07 | 3.26% | 11/30/2016 | 12/2/2016 | 1/3/2017 |
| 8/16/2016 | quarterly | $0.07 | 3.78% | 8/31/2016 | 9/2/2016 | 10/3/2016 |
| 5/17/2016 | quarterly | $0.07 | 4.12% | 6/1/2016 | 6/3/2016 | 7/1/2016 |
| 2/16/2016 | quarterly | $0.07 | 4.68% | 3/2/2016 | 3/4/2016 | 4/1/2016 |
| 11/17/2015 | quarterly | $0.07 | 4.04% | 12/2/2015 | 12/4/2015 | 1/4/2016 |
| 8/18/2015 | quarterly | $0.07 | 4.3% | 9/2/2015 | 9/4/2015 | 10/1/2015 |
| 5/20/2015 | quarterly | $0.07 | 3.84% | 6/3/2015 | 6/5/2015 | 7/1/2015 |
| 2/17/2015 | quarterly | $0.07 | 3.89% | 3/4/2015 | 3/6/2015 | 4/1/2015 |
| 11/18/2014 | quarterly | $0.07 | 3.76% | 12/3/2014 | 12/5/2014 | 1/2/2015 |
| 8/19/2014 | quarterly | $0.07 | 3.86% | 9/3/2014 | 9/5/2014 | 10/1/2014 |
| 5/20/2014 | quarterly | $0.07 | 4.01% | 6/4/2014 | 6/6/2014 | 7/1/2014 |
| 2/18/2014 | quarterly | $0.07 | 4.12% | 3/5/2014 | 3/7/2014 | 4/1/2014 |
| 11/19/2013 | quarterly | $0.07 | 3.71% | 12/4/2013 | 12/6/2013 | 1/2/2014 |
| 8/21/2013 | quarterly | $0.07 | 4.23% | 9/4/2013 | 9/6/2013 | 10/1/2013 |
| 5/21/2013 | quarterly | $0.07 | 4.72% | 6/5/2013 | 6/7/2013 | 7/1/2013 |
| 2/19/2013 | quarterly | $0.07 | 4.92% | 2/27/2013 | 3/1/2013 | 4/1/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for TrustCo Bank Corp NY (NASDAQ:TRST)Insider Ownership Percentage: 5.51%
Institutional Ownership Percentage: 57.06%
Insider Trades by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/9/2017 | William D Powers | Director | Sell | 10,000 | $8.00 | $80,000.00 | |
| 11/10/2016 | Brian C Flynn | Director | Buy | 9,000 | $7.50 | $67,500.00 | |
| 10/27/2016 | William D Powers | Director | Sell | 5,000 | $6.98 | $34,900.00 | |
| 12/15/2015 | Gennaro Dennis A De | Director | Buy | 7,971 | $6.27 | $49,978.17 | |
| 5/23/2014 | Robert J Mccormick | CEO | Buy | 3,753 | $6.66 | $24,994.98 | |
| 3/11/2014 | Thomas O Maggs | Director | Buy | 1,276 | $6.91 | $8,817.16 | |
| 2/4/2014 | Scot R Salvador | EVP | Buy | 3,893 | $6.42 | $24,993.06 | |
| 12/3/2013 | Gennaro Dennis A De | Director | Buy | 2,350 | $7.45 | $17,507.50 | |
| 10/31/2013 | William D Powers | Director | Sell | 12,500 | $6.73 | $84,125.00 | |
| 10/29/2013 | Robert J Mccormick | CEO | Buy | 3,641 | $6.87 | $25,013.67 | |
| 8/2/2013 | Robert J Mccormick | CEO | Buy | 4,181 | $5.98 | $25,002.38 | |
| 5/20/2013 | Anthony J Md Phd Marinello | Director | Buy | 5,000 | $5.65 | $28,250.00 | |
| 5/9/2013 | Robert J Mccormick | CEO | Buy | 4,473 | $5.59 | $25,004.07 | |
| 4/29/2013 | Thomas O Maggs | Director | Buy | 1,650 | $5.28 | $8,712.00 | |
| 3/13/2013 | Robert J Mccormick | CEO | Buy | 4,642 | $5.39 | $25,020.38 | |
| 2/4/2013 | Scot R Salvador | EVP | Buy | 4,745 | $5.27 | $25,006.15 | |
(Data available from 1/1/2013 forward)
Headline Trends for TrustCo Bank Corp NY (NASDAQ:TRST)
Latest Headlines for TrustCo Bank Corp NY (NASDAQ:TRST)
| Source: |
|
| Date | Headline |
|---|
 | How this bank grew its average deposits to highest level since before the financial crisis
www.bizjournals.com - May 22 at 8:29 AM |
 | ETFs with exposure to TrustCo Bank Corp. NY : May 18, 2017
finance.yahoo.com - May 19 at 1:18 PM |
| TrustCo Bank Corp. NY :TRST-US: Earnings Analysis: Q1, 2017 By the Numbers : May 17, 2017
finance.yahoo.com - May 17 at 12:36 PM |
 | TrustCo Bank Corp NY Announces Quarterly Dividend of $0.07 (TRST)
www.americanbankingnews.com - May 16 at 6:38 PM |
| TrustCo Bank Corp. NY breached its 50 day moving average in a Bearish Manner : TRST-US : May 12, 2017
finance.yahoo.com - May 13 at 2:11 AM |
| TrustCo Bank Corp NY (TRST) Receiving Somewhat Positive News Coverage, Analysis Finds
www.americanbankingnews.com - May 3 at 5:50 PM |
 | TrustCo: A Bank Worth A Look
seekingalpha.com - May 2 at 6:20 PM |
| TrustCo Bank Corp NY (TRST) Earning Somewhat Favorable Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 29 at 5:03 PM |
| TrustCo Bank Corp NY (TRST) Short Interest Down 24.5% in April
www.americanbankingnews.com - April 29 at 7:06 AM |
| TrustCo Bank Corp NY (TRST) Receiving Somewhat Favorable Media Coverage, Analysis Shows
www.americanbankingnews.com - April 26 at 5:10 PM |
| TrustCo Bank Corp. NY breached its 50 day moving average in a Bullish Manner : TRST-US : April 26, 2017
finance.yahoo.com - April 26 at 8:42 AM |
| Trustco Bank's (TRST) CEO, Robert McCormick on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 25 at 7:16 PM |
| Edited Transcript of TRST earnings conference call or presentation 24-Apr-17 1:00pm GMT
finance.yahoo.com - April 25 at 9:11 AM |
| TrustCo Bank Corp NY (TRST) Posts Quarterly Earnings Results, Hits Estimates
www.americanbankingnews.com - April 24 at 1:05 PM |
 | TrustCo Bank Corp NY Announces 5% Gain In Q1 Earnings
www.rttnews.com - April 21 at 8:07 PM |
| TrustCo Announces Increased First Quarter 2017 Earnings
finance.yahoo.com - April 21 at 8:07 PM |
| TrustCo posts 1Q profit
finance.yahoo.com - April 21 at 8:07 PM |
| TrustCo Bank Corp NY (TRST) to Release Quarterly Earnings on Friday
www.americanbankingnews.com - April 19 at 7:12 AM |
 | TrustCo to Release First Quarter 2017 Results on April 21, 2017; Conference Call on April 24, 2017
feeds.benzinga.com - April 14 at 12:07 PM |
| TrustCo to Release First Quarter 2017 Results on April 21, 2017; Conference Call on April 24, 2017
finance.yahoo.com - April 14 at 12:04 PM |
| Bank CEO signs new contract with the area's largest 'golden parachute'
www.bizjournals.com - April 7 at 1:05 PM |
| TRUSTCO BANK CORP N Y Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibit
biz.yahoo.com - March 24 at 8:43 PM |
| TrustCo Bank Corp NY (TRST) Director Sells $80,000.00 in Stock
www.americanbankingnews.com - March 10 at 7:37 PM |
| TRUSTCO BANK CORP N Y Financials
finance.yahoo.com - March 9 at 8:23 PM |
| TRUSTCO BANK CORP N Y Files SEC form 10-K, Annual Report
biz.yahoo.com - March 4 at 2:13 AM |
| Edited Transcript of TRST earnings conference call or presentation 24-Jan-17 2:00pm GMT
finance.yahoo.com - January 25 at 7:49 AM |
| EARNINGS SUMMARY: Details of TrustCo Bank Corp NY Q4 Earnings Report
www.rttnews.com - January 24 at 8:38 AM |
| Q4 2016 TrustCo Bank Corp N Y Earnings Release - After Market Close
us.rd.yahoo.com - January 24 at 12:34 AM |
 | TrustCo Announces Increased Fourth Quarter and Full Year 2016 Earnings
us.rd.yahoo.com - January 24 at 12:34 AM |
| TRUSTCO BANK CORP N Y Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh
us.rd.yahoo.com - January 24 at 12:34 AM |
| TrustCo to Release Fourth Quarter 2016 Results on January 23, 2017; Conference Call on January 24, 2017
finance.yahoo.com - January 14 at 6:41 AM |
| TRUSTCO BANK CORP N Y Files SEC form 8-K, Other Events, Financial Statements and Exhibits
biz.yahoo.com - January 14 at 6:41 AM |
 | TrustCo Bank Corp NY (TRST) Ex-Dividend Date Scheduled...
www.nasdaq.com - November 30 at 10:16 AM |
| TRUSTCO BANK CORP N Y Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Financial Statemen
biz.yahoo.com - November 18 at 7:36 PM |
| TrustCo Bank Corp NY declares $0.065625 dividend
seekingalpha.com - November 16 at 11:52 AM |
| TRUSTCO BANK CORP N Y Files SEC form 10-Q, Quarterly Report
biz.yahoo.com - November 4 at 7:36 PM |
| Edited Transcript of TRST earnings conference call or presentation 24-Oct-16 1:00pm GMT
finance.yahoo.com - October 25 at 8:53 AM |
| Trustco Bank's (TRST) CEO Robert McCormick on Q3 2016 Results - Earnings Call Transcript
seekingalpha.com - October 24 at 7:25 PM |
 | TrustCo Announces Third Quarter 2016 Earnings
globenewswire.com - October 21 at 7:47 PM |
| TrustCo Bank Corp NY Reveals 3% Rise In Q3 Bottom Line
www.rttnews.com - October 21 at 7:46 PM |
| Q3 2016 TrustCo Bank Corp N Y Earnings Release - After Market Close
biz.yahoo.com - October 21 at 11:23 AM |
| TrustCo Bank: You Need To Know About These Guys
seekingalpha.com - July 27 at 11:01 AM |
TrustCo Bank Corp NY (TRST) Chart for Saturday, May, 27, 2017
