NASDAQ:TRST - TrustCo Bank Corp NY Stock Price, News, & Analysis

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$8.60 +0.05 (+0.58 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$8.55
Today's Range$8.52 - $8.61
52-Week Range$6.51 - $9.45
Volume195,600 shs
Average Volume240,225 shs
Market Capitalization$831.27 million
P/E Ratio13.25
Dividend Yield3.16%
Beta1.08
TrustCo Bank Corp NY operates as the holding company for Trustco Bank that provides personal and business banking services to individuals, partnerships, and corporations. The company is primarily involved in accepting deposits, and making 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. Further, it provides retirement planning services; and operates 157 automatic teller machines. As of May 15, 2018, it operated 145 offices in New York, Florida, Massachusetts, New Jersey, and Vermont. TrustCo Bank Corp NY was founded in 1902 and is headquartered in Glenville, New York.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:TRST
CUSIP89834910
Phone518-377-3311

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$198.99 million
Cash Flow$0.5939 per share
Book Value$4.76 per share

Profitability

Net Income$61.44 million

Miscellaneous

Employees846
Market Cap$831.27 million
Next Earnings Date4/22/2019 (Estimated)
OptionableOptionable

TrustCo Bank Corp NY (NASDAQ:TRST) Frequently Asked Questions

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 announced a quarterly dividend on Wednesday, February 20th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.0681 per share on Monday, April 1st. This represents a $0.27 annualized dividend and a yield of 3.17%. The ex-dividend date is Thursday, February 28th. This is a boost from TrustCo Bank Corp NY's previous quarterly dividend of $0.07. View TrustCo Bank Corp NY's Dividend History.

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

TrustCo Bank Corp NY (NASDAQ:TRST) announced its quarterly earnings data on Tuesday, January, 22nd. The bank reported $0.17 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.01. The bank had revenue of $45.19 million for the quarter. TrustCo Bank Corp NY had a net margin of 30.88% and a return on equity of 13.07%. View TrustCo Bank Corp NY's Earnings History.

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

TrustCo Bank Corp NY is scheduled to release their next quarterly earnings announcement on Monday, April 22nd 2019. View Earnings Estimates for TrustCo Bank Corp NY.

What price target have analysts set for TRST?

1 analysts have issued 1 year target prices for TrustCo Bank Corp NY's stock. Their forecasts range from $9.00 to $9.00. On average, they anticipate TrustCo Bank Corp NY's share price to reach $9.00 in the next year. This suggests a possible upside of 4.7% from the stock's current price. View Analyst Price Targets for TrustCo Bank Corp NY.

What is the consensus analysts' recommendation for TrustCo Bank Corp NY?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TrustCo Bank Corp NY in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for TrustCo Bank Corp NY.

Has TrustCo Bank Corp NY been receiving favorable news coverage?

News articles about TRST stock have been trending somewhat positive recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TrustCo Bank Corp NY earned a news impact score of 1.7 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Who are some of TrustCo Bank Corp NY's key competitors?

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), General Electric (GE), Arbutus Biopharma (ABUS), Verizon Communications (VZ), Orchid Island Capital (ORC), Smart Global (SGH), KeyCorp (KEY), SpartanNash (SPTN), Plug Power (PLUG) and Ford Motor (F).

Who are TrustCo Bank Corp NY's key executives?

TrustCo Bank Corp NY's management team includes the folowing people:
  • Mr. Robert Joseph McCormick, Pres, CEO & Chairman (Age 55)
  • Mr. Michael M. Ozimek, Exec. VP & CFO (Age 45)
  • Mr. Robert Michael Leonard, Exec. VP of Personnel & Chief Risk Officer (Age 56)
  • Mr. Scot Reynold Salvador, Exec. VP & Chief Banking Officer (Age 52)
  • Mr. Eric W. Schreck, Sr. VP & Treasurer (Age 52)

Who are TrustCo Bank Corp NY's major shareholders?

TrustCo Bank Corp NY's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.62%), Dimensional Fund Advisors LP (6.06%), Royce & Associates LP (3.29%), Bank of New York Mellon Corp (1.49%), Geode Capital Management LLC (1.14%) and Thrivent Financial for Lutherans (0.92%). Company insiders that own TrustCo Bank Corp NY stock include Eric W Schreck, Gennaro Dennis A De, Kevin M Curley, Lisa M Lucarelli, Michael James Hall and William D Powers. View Institutional Ownership Trends for TrustCo Bank Corp NY.

Which major investors are selling TrustCo Bank Corp NY stock?

TRST stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Barclays PLC, Martingale Asset Management L P, Two Sigma Investments LP, GSA Capital Partners LLP, First Trust Advisors LP, D. E. Shaw & Co. Inc. and Context BH Capital Management LP. Company insiders that have sold TrustCo Bank Corp NY company stock in the last year include Eric W Schreck and William D Powers. View Insider Buying and Selling for TrustCo Bank Corp NY.

Which major investors are buying TrustCo Bank Corp NY stock?

TRST stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Royce & Associates LP, Oregon Public Employees Retirement Fund, Los Angeles Capital Management & Equity Research Inc., Bank of America Corp DE, Dimensional Fund Advisors LP, Geode Capital Management LLC and Rhumbline Advisers. Company insiders that have bought TrustCo Bank Corp NY stock in the last two years include Gennaro Dennis A De, Kevin M Curley, Lisa M Lucarelli and Michael James Hall. View Insider Buying and Selling for TrustCo Bank Corp NY.

How do I buy shares of TrustCo Bank Corp NY?

Shares of TRST can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is TrustCo Bank Corp NY's stock price today?

One share of TRST stock can currently be purchased for approximately $8.60.

How big of a company is TrustCo Bank Corp NY?

TrustCo Bank Corp NY has a market capitalization of $831.27 million and generates $198.99 million in revenue each year. TrustCo Bank Corp NY employs 846 workers across the globe.

What is TrustCo Bank Corp NY's official website?

The official website for TrustCo Bank Corp NY is http://www.trustcobank.com.

How can I contact TrustCo Bank Corp NY?

TrustCo Bank Corp NY's mailing address is 5 SARNOWSKI DRIVE, GLENVILLE NY, 12302. The bank can be reached via phone at 518-377-3311 or via email at [email protected]


MarketBeat Community Rating for TrustCo Bank Corp NY (NASDAQ TRST)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  111 (Vote Outperform)
Underperform Votes:  164 (Vote Underperform)
Total Votes:  275
MarketBeat's community ratings are surveys of what our community members think about TrustCo Bank Corp NY and other stocks. Vote "Outperform" if you believe TRST will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TRST will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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