NASDAQ:TRST

TrustCo Bank Corp NY Stock Forecast, Price & News

$33.55
+0.15 (+0.45 %)
(As of 07/28/2021 12:00 AM ET)
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Today's Range
$32.90
$33.71
50-Day Range
$7.46
$39.13
52-Week Range
$25.25
$41.47
Volume91,906 shs
Average Volume87,457 shs
Market Capitalization$647.11 million
P/E Ratio11.37
Dividend Yield4.07%
Beta1.19
30 days | 90 days | 365 days | Advanced Chart
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TrustCo Bank Corp NY logo

About TrustCo Bank Corp NY

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. As of December 31, 2020, it operated 148 banking offices and 164 automatic teller machines in New York, New Jersey, Vermont, Massachusetts, and Florida. The company was founded in 1902 and is headquartered in Glenville, New York.

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MarketRank

Overall MarketRank

2.16 out of 5 stars

Finance Sector

356th out of 2,033 stocks

State Commercial Banks Industry

74th out of 315 stocks

Analyst Opinion: 1.0Community Rank: 2.9Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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TrustCo Bank Corp NY (NASDAQ:TRST) Frequently Asked Questions

Is TrustCo Bank Corp NY a buy right now?

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 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" TrustCo Bank Corp NY stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRST, but not buy additional shares or sell existing shares.
View analyst ratings for TrustCo Bank Corp NY
or view top-rated stocks.

What stocks does MarketBeat like better than TrustCo Bank Corp NY?

Wall Street analysts have given TrustCo Bank Corp NY a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but TrustCo Bank Corp NY wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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

TrustCo Bank Corp NY is scheduled to release its next quarterly earnings announcement on Wednesday, October 20th 2021.
View our earnings forecast for TrustCo Bank Corp NY
.

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

TrustCo Bank Corp NY (NASDAQ:TRST) announced its quarterly earnings data on Tuesday, July, 20th. The bank reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.69 by $0.06. TrustCo Bank Corp NY had a trailing twelve-month return on equity of 9.90% and a net margin of 29.81%.
View TrustCo Bank Corp NY's earnings history
.

How has TrustCo Bank Corp NY's stock been impacted by Coronavirus (COVID-19)?

TrustCo Bank Corp NY's stock was trading at $6.12 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TRST stock has increased by 448.2% and is now trading at $33.55.
View which stocks have been most impacted by COVID-19
.

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, May 18th. Investors of record on Friday, June 4th will be paid a dividend of $0.068 per share on Thursday, July 1st. This represents a $0.27 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, June 3rd.
View TrustCo Bank Corp NY's dividend history
.

Is TrustCo Bank Corp NY a good dividend stock?

TrustCo Bank Corp NY pays an annual dividend of $1.36 per share and currently has a dividend yield of 4.07%. TRST has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of TrustCo Bank Corp NY is 50.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TrustCo Bank Corp NY will have a dividend payout ratio of 46.90% next year. This indicates that TrustCo Bank Corp NY will be able to sustain or increase its dividend.
View TrustCo Bank Corp NY's dividend history.

What price target have analysts set for TRST?

1 brokers have issued 12-month price targets for TrustCo Bank Corp NY's shares. Their forecasts range from $6.50 to $6.50. On average, they anticipate TrustCo Bank Corp NY's share price to reach $6.50 in the next twelve months. This suggests that the stock has a possible downside of 80.6%.
View analysts' price targets for TrustCo Bank Corp NY
or view top-rated stocks among Wall Street analysts.

Who are TrustCo Bank Corp NY's key executives?

TrustCo Bank Corp NY's management team includes the following people:
  • Mr. Robert Joseph McCormick, Pres, CEO & Chairman (Age 57, Pay $2.35M)
  • Mr. Michael M. Ozimek, Exec. VP & CFO (Age 47, Pay $1.09M)
  • Mr. Kevin M. Curley, Exec. VP & COO (Age 55, Pay $969.12k)
  • Mr. Robert Michael Leonard, Exec. VP & Chief Risk Officer (Age 58, Pay $1.58M)
  • Mr. Scot Reynold Salvador, Exec. VP & Chief Lending Officer (Age 54, Pay $1.46M)
  • Mr. Michael James Hall Esq., Gen. Counsel & Corp. Sec. (Age 56)
  • Mr. Eric W. Schreck, Sr. VP & Treasurer (Age 54)

What is Robert J. McCormick's approval rating as TrustCo Bank Corp NY's CEO?

63 employees have rated TrustCo Bank Corp NY CEO Robert J. McCormick on Glassdoor.com. Robert J. McCormick has an approval rating of 43% among TrustCo Bank Corp NY's employees. This puts Robert J. McCormick in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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), Rite Aid (RAD), Verizon Communications (VZ), KeyCorp (KEY), CannTrust (CTST), Plug Power (PLUG), Ford Motor (F) and Orchid Island Capital (ORC).

What is TrustCo Bank Corp NY's stock symbol?

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

Who are TrustCo Bank Corp NY's major shareholders?

TrustCo Bank Corp NY's stock is owned by many different retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%) and Oregon Public Employees Retirement Fund (0.04%). Company insiders that own TrustCo Bank Corp NY stock include Anthony J Md Phd Marinello, Eric W Schreck, Frank B Silverman, Gennaro Dennis A De, Kevin M Curley, Kimberly Adams Russell, Lisa M Lucarelli, Michael James Hall, Robert J Mccormick, Robert M Leonard, Scot R Salvador and William D Powers.
View institutional ownership trends for TrustCo Bank Corp NY
.

Which institutional investors are selling TrustCo Bank Corp NY stock?

TRST stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and Oregon Public Employees Retirement Fund.
View insider buying and selling activity for TrustCo Bank Corp NY
or view top insider-selling stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of TRST stock can currently be purchased for approximately $33.55.

How much money does TrustCo Bank Corp NY make?

TrustCo Bank Corp NY has a market capitalization of $647.11 million and generates $195.46 million in revenue each year. The bank earns $52.45 million in net income (profit) each year or $2.70 on an earnings per share basis.

How many employees does TrustCo Bank Corp NY have?

TrustCo Bank Corp NY employs 820 workers across the globe.

What is TrustCo Bank Corp NY's official website?

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

Where are TrustCo Bank Corp NY's headquarters?

TrustCo Bank Corp NY is headquartered at 5 SARNOWSKI DRIVE, GLENVILLE NY, 12205.

How can I contact TrustCo Bank Corp NY?

TrustCo Bank Corp NY's mailing address is 5 SARNOWSKI DRIVE, GLENVILLE NY, 12205. The bank can be reached via phone at 518-377-3311 or via email at [email protected]


This page was last updated on 7/29/2021 by MarketBeat.com Staff
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