TrustCo Bank Corp NY Stock Price, News & Analysis (NASDAQ:TRST) $29.69 +0.34 (+1.16%) (As of 12/8/2023 ET) Add Compare Share Share Today's Range$29.06▼$29.9750-Day Range$24.62▼$29.6952-Week Range$23.78▼$38.81Volume84,800 shsAverage Volume59,849 shsMarket Capitalization$564.70 millionP/E Ratio8.11Dividend Yield4.85%Price Target$36.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media TrustCo Bank Corp NY MarketRank™ Stock AnalysisAnalyst RatingSell1.00 Rating ScoreUpside/Downside21.3% Upside$36.00 Price TargetShort InterestHealthy1.33% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$150,486 Bought Last QuarterProj. Earnings Growth-10.25%From $3.22 to $2.89 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.49 out of 5 starsFinance Sector204th out of 826 stocksState Commercial Banks Industry31st out of 171 stocks 1.5 Analyst's Opinion Consensus RatingTrustCo Bank Corp NY has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $36.00, TrustCo Bank Corp NY has a forecasted upside of 21.3% from its current price of $29.69.Amount of Analyst CoverageTrustCo Bank Corp NY has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.33% of the float of TrustCo Bank Corp NY has been sold short.Short Interest Ratio / Days to CoverTrustCo Bank Corp NY has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in TrustCo Bank Corp NY has recently decreased by 5.40%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipTrustCo Bank Corp NY is a leading dividend payer. It pays a dividend yield of 4.91%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTrustCo Bank Corp NY has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of TrustCo Bank Corp NY is 39.34%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, TrustCo Bank Corp NY will have a dividend payout ratio of 49.83% next year. This indicates that TrustCo Bank Corp NY will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TRST. Previous Next N/A News and Social Media Coverage Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TrustCo Bank Corp NY insiders have bought more of their company's stock than they have sold. Specifically, they have bought $150,486.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 3.26% of the stock of TrustCo Bank Corp NY is held by insiders.Percentage Held by Institutions67.80% of the stock of TrustCo Bank Corp NY is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for TrustCo Bank Corp NY are expected to decrease by -10.25% in the coming year, from $3.22 to $2.89 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TrustCo Bank Corp NY is 8.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.27.Price to Earnings Ratio vs. SectorThe P/E ratio of TrustCo Bank Corp NY is 8.11, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 35.70.Price to Book Value per Share RatioTrustCo Bank Corp NY has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TrustCo Bank Corp NY Stock (NASDAQ:TRST)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.Read More TRST Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TRST Stock News HeadlinesNovember 25, 2023 | finance.yahoo.comTrustCo Bank Corp NY (NASDAQ:TRST) Has Announced A Dividend Of $0.36November 21, 2023 | finance.yahoo.comStrong Capital Supports TrustCo’s Consistent Dividend; Annualized Payout of $1.44 per shareDecember 10, 2023 | Autonomix (Ad)How to Invest Early In the Next Potential Breakthrough Nerve-Sensing TechnologyAutonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comOctober 25, 2023 | finance.yahoo.comTrustCo Bank Corp NY (NASDAQ:TRST) Q3 2023 Earnings Call TranscriptOctober 24, 2023 | finance.yahoo.comQ3 2023 TrustCo Bank Corp NY Earnings CallOctober 23, 2023 | finance.yahoo.comTrustCo’s Home Town Approach to Customer Relationships Propels Loans to All Time HighOctober 23, 2023 | finance.yahoo.comTrustCo Bank (TRST) Q3 Earnings Surpass EstimatesOctober 23, 2023 | finance.yahoo.comTrustco Bank Corp N Y (TRST) Reports Q3 2023 Net Income of $14.7 MillionDecember 10, 2023 | Autonomix (Ad)How to Invest Early In the Next Potential Breakthrough Nerve-Sensing TechnologyAutonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comOctober 17, 2023 | bizjournals.comTrustCo Bank names new board memberOctober 17, 2023 | finance.yahoo.comTrustCo Announces the Addition of Steffani Cotugno to the Board of DirectorsOctober 15, 2023 | finance.yahoo.comInvestors in TrustCo Bank Corp NY (NASDAQ:TRST) have unfortunately lost 16% over the last five yearsOctober 10, 2023 | finance.yahoo.comTrustCo to Release Third Quarter 2023 Results on October 23, 2023; Conference Call on October 24, 2023September 25, 2023 | msn.comTrustCo Bank: An Income Stock Now Yielding Nearly 5.5%September 18, 2023 | finance.yahoo.comWith 69% ownership of the shares, TrustCo Bank Corp NY (NASDAQ:TRST) is heavily dominated by institutional ownersSeptember 16, 2023 | finance.yahoo.comInsider Buying: Trustco Bank Corp N Y's Executive Vice President & CFO Michael Ozimek ...September 7, 2023 | seekingalpha.comTrustco Bank: The Bank The Recovery ForgotAugust 15, 2023 | finance.yahoo.comBuoyed by Strong Liquidity and Deposit Stability, TrustCo Declares DividendJuly 26, 2023 | finance.yahoo.comQ2 2023 TrustCo Bank Corp NY Earnings CallJuly 24, 2023 | finance.yahoo.comTrustCo Reports Second Quarter Net Income of $16.4 Million and $346 Million of Loan Growth; Maintains Strong Liquidity and Demonstrates Deposit StabilityJuly 21, 2023 | benzinga.comEarnings Outlook For Trustco BankJuly 17, 2023 | finance.yahoo.comEarnings Preview: TrustCo Bank (TRST) Q2 Earnings Expected to DeclineJuly 10, 2023 | finance.yahoo.comTrustCo to Release Second Quarter 2023 Results on July 24, 2023; Conference Call on July 25, 2023July 8, 2023 | finance.yahoo.comTrustCo Bank Corp NY Insiders Added US$1.3m Of Stock To Their HoldingsJune 1, 2023 | finance.yahoo.comTRST - TrustCo Bank Corp NYMay 16, 2023 | finance.yahoo.comBuilt on an Independent and Strong Foundation, TrustCo Declares DividendApril 26, 2023 | finance.yahoo.comQ1 2023 TrustCo Bank Corp NY Earnings CallSee More Headlines Receive TRST Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TrustCo Bank Corp NY and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 10/2 Dividend8/31/2023Dividend Payable10/02/2023Last Earnings10/24/2023Ex-Dividend for 1/2 Dividend11/30/2023Today12/09/2023Fiscal Year End12/31/2023Dividend Payable1/02/2024Next Earnings (Estimated)1/22/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNASDAQ:TRST CUSIP89834910 CIK357301 Webwww.trustcobank.com Phone(518) 377-3311Fax518-381-3839Employees764Year FoundedN/APrice Target and Rating Average Stock Price Target$36.00 High Stock Price Target$36.00 Low Stock Price Target$36.00 Potential Upside/Downside+21.3%Consensus RatingSell Rating Score (0-4)1.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.66 Trailing P/E Ratio8.11 Forward P/E Ratio9.22 P/E GrowthN/ANet Income$75.23 million Net Margins29.26% Pretax Margin38.70% Return on Equity11.34% Return on Assets1.15% Debt Debt-to-Equity RatioN/A Current Ratio1.01 Quick Ratio1.01 Sales & Book Value Annual Sales$205.86 million Price / Sales2.74 Cash Flow$4.33 per share Price / Cash Flow6.85 Book Value$31.49 per share Price / Book0.94Miscellaneous Outstanding Shares19,020,000Free Float18,404,000Market Cap$564.70 million OptionableOptionable Beta0.89 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.Get This Free Report Key ExecutivesMr. Robert Joseph McCormick (Age 59)President, CEO & Chairman of the Board Comp: $2.63MMr. Michael M. Ozimek (Age 49)Executive VP & CFO Comp: $1.14MMr. Scot Reynold Salvador (Age 56)Executive Vice President of Commercial Banking Comp: $1.41MMr. Robert Michael Leonard (Age 60)Executive Vice President of Corporate Services & Risk Comp: $1.45MMr. Kevin M. Curley (Age 57)Executive Vice President of Retail Banking Comp: $1.13MMr. Michael James Hall Esq. (Age 58)General Counsel & Corporate Secretary Mr. Eric W. Schreck (Age 56)Executive VP & Treasurer Comp: $451.72kMore ExecutivesKey CompetitorsNorthfield Bancorp, Inc. (Staten Island, NY)NASDAQ:NFBKFlushing FinancialNASDAQ:FFICBanc of CaliforniaNYSE:BANCAllegiance BancsharesNASDAQ:ABTXBryn Mawr BankNASDAQ:BMTCView All CompetitorsInsiders & InstitutionsCitigroup Inc.Sold 14,930 shares on 12/6/2023Ownership: 0.072%American Century Companies Inc.Bought 19,523 shares on 11/30/2023Ownership: 1.066%Deutsche Bank AGSold 1,195 shares on 11/24/2023Ownership: 0.044%Public Sector Pension Investment BoardSold 10,254 shares on 11/22/2023Ownership: 0.124%Comerica BankBought 8,795 shares on 11/21/2023Ownership: 0.046%View All Insider TransactionsView All Institutional Transactions TRST Stock Analysis - 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 target for 2024? 1 Wall Street research analysts have issued 12 month target prices for TrustCo Bank Corp NY's shares. Their TRST share price targets range from $36.00 to $36.00. On average, they expect the company's stock price to reach $36.00 in the next twelve months. This suggests a possible upside of 21.3% 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 21.0% and is now trading at $29.69. 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 Monday, January 22nd 2024. View our TRST earnings forecast. How were TrustCo Bank Corp NY's earnings last quarter? TrustCo Bank Corp NY (NASDAQ:TRST) posted its quarterly earnings data on Tuesday, October, 24th. The bank reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.01. The bank earned $62.13 million during the quarter, compared to analysts' expectations of $47.29 million. TrustCo Bank Corp NY had a trailing twelve-month return on equity of 11.34% and a net margin of 29.26%. During the same period in the previous year, the company earned $1.01 EPS. 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 21st. Stockholders of record on Friday, December 1st will be given a dividend of $0.36 per share on Tuesday, January 2nd. This represents a $1.44 annualized dividend and a yield of 4.85%. The ex-dividend date is Thursday, November 30th. 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 4.91%. 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 39.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRST will have a dividend payout ratio of 49.83% next year. This indicates that the company will be able to sustain or increase its dividend. 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). When did TrustCo Bank Corp NY's stock split? TrustCo Bank Corp NY shares reverse split 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). Who are TrustCo Bank Corp NY's major shareholders? TrustCo Bank Corp NY's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (1.67%), Northern Trust Corp (1.32%), Bank of New York Mellon Corp (1.13%), American Century Companies Inc. (1.07%), AQR Capital Management LLC (1.01%) and Charles Schwab Investment Management Inc. (0.81%). Insiders that own company stock include Curtis N Powell, Eric W Schreck, Frank B Silverman, Frank B Silverman, 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. This page (NASDAQ:TRST) was last updated on 12/10/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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