TrustCo Bank Corp NY - TRST Stock Forecast, Price & News

1 Wall Street 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 analysts is that investors should "sell" TRST shares.
View TRST analyst ratings or view top-rated stocks.

1 analysts have issued 12-month target prices for TrustCo Bank Corp NY's stock. Their TRST share price forecasts range from $36.00 to $36.00. On average, they anticipate the company's share price to reach $36.00 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price.
View analysts price targets for TRST or view top-rated stocks among Wall Street analysts.

TrustCo Bank Corp NY's stock was trading at $37.59 on January 1st, 2023. Since then, TRST stock has decreased by 12.8% and is now trading at $32.79.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our TRST earnings forecast.

TrustCo Bank Corp NY (NASDAQ:TRST) posted its quarterly earnings data on Tuesday, January, 24th. The bank reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.11. The bank had revenue of $56.86 million for the quarter, compared to the consensus estimate of $52.32 million. TrustCo Bank Corp NY had a trailing twelve-month return on equity of 12.66% and a net margin of 36.55%.

TrustCo Bank Corp NY declared a quarterly dividend on Wednesday, February 22nd. Shareholders of record on Friday, March 3rd will be given a dividend of $0.36 per share on Monday, April 3rd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, March 2nd.
Read our dividend analysis for TRST.

ETFs with the largest weight of TrustCo Bank Corp NY (NASDAQ:TRST) stock in their portfolio include ETC 6 Meridian Small Cap Equity ETF (SIXS), First Trust Dow Jones Select Microcap Index Fund (FDM), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Hartford Multifactor Small Cap ETF (ROSC), iShares US Small Cap Value Factor ETF (SVAL), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL).

TrustCo Bank Corp NY (NASDAQ:TRST) pays an annual dividend of $1.44 per share and currently has a dividend yield of 4.19%. 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 36.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRST will have a dividend payout ratio of 43.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRST.

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 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.

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.

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).

TrustCo Bank Corp NY trades on the NASDAQ under the ticker symbol "TRST."

TrustCo Bank Corp NY's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.61%), Systematic Financial Management LP (4.19%), Franklin Resources Inc. (2.76%), Geode Capital Management LLC (1.91%), Morgan Stanley (1.11%) and AQR Capital Management LLC (0.76%). 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.
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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.
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One share of TRST stock can currently be purchased for approximately $32.79.

TrustCo Bank Corp NY (NASDAQ:TRST) has a market capitalization of $623.67 million and generates $205.86 million in revenue each year. The bank earns $75.23 million in net income (profit) each year or $3.93 on an earnings per share basis.

The company employs 769 workers across the globe.

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.