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

$7.66
-0.09 (-1.16 %)
(As of 08/21/2019 03:19 AM ET)
Today's Range
$7.62
Now: $7.66
$7.74
50-Day Range
$7.65
MA: $7.93
$8.20
52-Week Range
$6.51
Now: $7.66
$9.45
Volume144,473 shs
Average Volume236,753 shs
Market Capitalization$742.33 million
P/E Ratio12.29
Dividend Yield3.48%
Beta1.11
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 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. Read More…

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$0.7034 per share
Book Value$5.07 per share

Profitability

Net Income$61.44 million

Miscellaneous

Employees899
Market Cap$742.33 million
Next Earnings Date10/28/2019 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Wednesday, May 22nd. Stockholders of record on Friday, June 7th will be paid a dividend of $0.0681 per share on Monday, July 1st. This represents a $0.27 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, June 6th. 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 Monday, July, 22nd. The bank reported $0.15 EPS for the quarter, meeting analysts' consensus estimates of $0.15. The bank had revenue of $44.11 million for the quarter. TrustCo Bank Corp NY had a net margin of 29.19% and a return on equity of 12.19%. 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, October 28th 2019. View Earnings Estimates for TrustCo Bank Corp NY.

What price target have analysts set for TRST?

1 analysts have issued twelve-month price objectives for TrustCo Bank Corp NY's stock. Their forecasts range from $6.00 to $6.00. On average, they anticipate TrustCo Bank Corp NY's share price to reach $6.00 in the next twelve months. This suggests that the stock has a possible downside of 21.7%. 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?

Headlines about TRST stock have trended positive on Wednesday, InfoTrie reports. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. TrustCo Bank Corp NY earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the next few days. View News Stories for TrustCo Bank Corp NY.

Are investors shorting TrustCo Bank Corp NY?

TrustCo Bank Corp NY saw a drop in short interest in July. As of July 31st, there was short interest totalling 2,782,300 shares, a drop of 16.9% from the June 30th total of 3,347,600 shares. Based on an average daily trading volume, of 232,700 shares, the short-interest ratio is currently 12.0 days. Approximately 3.0% of the company's stock are short sold. View TrustCo Bank Corp NY's Current Options Chain.

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), Arbutus Biopharma (ABUS), General Electric (GE), Plug Power (PLUG), CannTrust (CTST), Orchid Island Capital (ORC), Rite Aid (RAD), Verizon Communications (VZ), Smart Global (SGH) and SpartanNash (SPTN).

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. Eric W. Schreck, Exec. Officer & Treasurer (Age 52)
  • Mr. Scot Reynold Salvador, Exec. VP & Chief Lending Officer (Age 52)

Who are TrustCo Bank Corp NY's major shareholders?

TrustCo Bank Corp NY's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.62%), Vanguard Group Inc. (6.55%), Invesco Ltd. (2.31%), Renaissance Technologies LLC (1.71%), Northern Trust Corp (1.61%) and Bank of New York Mellon Corp (1.48%). 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, Robert M Leonard 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 First Trust Advisors LP, Prudential Financial Inc., AQR Capital Management LLC, Stone Ridge Asset Management LLC, Wells Fargo & Company MN, Ancora Advisors LLC, Los Angeles Capital Management & Equity Research Inc. and Bank of New York Mellon Corp. Company insiders that have sold TrustCo Bank Corp NY company stock in the last year include Eric W Schreck, Robert M Leonard 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 purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Morgan Stanley, Acadian Asset Management LLC, BlackRock Inc., Context BH Capital Management LP, Grantham Mayo Van Otterloo & Co. LLC, Parametric Portfolio Associates LLC and Royal Bank of Canada. 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 $7.66.

How big of a company is TrustCo Bank Corp NY?

TrustCo Bank Corp NY has a market capitalization of $742.33 million and generates $198.99 million in revenue each year. TrustCo Bank Corp NY employs 899 workers across the globe.View Additional Information About TrustCo Bank Corp NY.

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:  2.1 out of 5 (star star)
Outperform Votes:  133 (Vote Outperform)
Underperform Votes:  191 (Vote Underperform)
Total Votes:  324
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 8/21/2019 by MarketBeat.com Staff

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