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

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

1 analysts have issued 1-year target prices for TrustCo Bank Corp NY's shares. 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 22.2% 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 shares have decreased by 21.7% and is now trading at $29.45.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our TRST earnings forecast.

TrustCo Bank Corp NY (NASDAQ:TRST) posted its quarterly earnings results on Tuesday, January, 24th. The bank reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.11. The bank earned $56.86 million during 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 34.81%.

TrustCo Bank Corp NY announced a quarterly dividend on Tuesday, May 16th. Investors of record on Friday, June 2nd will be paid a dividend of $0.36 per share on Monday, July 3rd. This represents a $1.44 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Thursday, June 1st.
Read our dividend analysis for TRST.

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

TrustCo Bank Corp NY (NASDAQ:TRST) pays an annual dividend of $1.44 per share and currently has a dividend yield of 4.89%. 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.

TrustCo Bank Corp NY's stock 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 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 number of 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.
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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 $29.45.

TrustCo Bank Corp NY (NASDAQ:TRST) has a market capitalization of $560.14 million and generates $205.86 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.

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.