S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
NASDAQ:TRST

TrustCo Bank Corp NY Stock Forecast, Price & News

$32.66
+0.31 (+0.96%)
(As of 11/30/2021 12:00 AM ET)
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Today's Range
$31.98
$33.62
50-Day Range
$29.95
$34.80
52-Week Range
$29.78
$41.47
Volume
126,765 shs
Average Volume
87,164 shs
Market Capitalization
$627.69 million
P/E Ratio
10.64
Dividend Yield
4.20%
Beta
1.15
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 is a savings and loan holding company, which through its subsidiary, engages in the provision of banking and financial services to individuals, partnerships, and corporations. It offers checking accounts, savings accounts, retirement accounts, time deposits, money market accounts, and credit cards. It also provides asset and wealth management services; estate planning and related advice; credit cards; trust and investment services; custodial services, and online banking services. The company was founded in 1981 and is headquartered in Glenville, NY.

Headlines

TrustCo Bank Corp NY (NASDAQ:TRST) Short Interest Update
November 30, 2021 |  americanbankingnews.com
TrustCo Bank (TRST) Beats Q3 Earnings Estimates
October 21, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Current Symbol
NASDAQ:TRST
CUSIP
89834910
Employees
881
Year Founded
N/A

Sales & Book Value

Annual Sales
$195.46 million
Cash Flow
$2.96 per share
Book Value
$30.53 per share

Profitability

Net Income
$52.45 million
Pretax Margin
41.93%

Debt

Price-To-Earnings

Miscellaneous

Free Float
18,662,000
Market Cap
$627.69 million
Optionable
Optionable

Company Calendar

Ex-Dividend
9/02/2021
Dividend Payable
10/01/2021
Last Earnings
10/20/2021
Today
12/01/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/20/2022

MarketRank

Overall MarketRank

2.36 out of 5 stars

Finance Sector

382nd out of 1,335 stocks

State Commercial Banks Industry

73rd out of 231 stocks

Analyst Opinion: 0.0Community Rank: 3.9Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -












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

Is TrustCo Bank Corp NY a buy right now?

1 Wall Street 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 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.

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

TrustCo Bank Corp NY's stock was trading at $30.60 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TRST shares have increased by 6.7% and is now trading at $32.66.
View which stocks have been most impacted by COVID-19
.

Are investors shorting TrustCo Bank Corp NY?

TrustCo Bank Corp NY saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 200,000 shares, a decline of 40.4% from the October 31st total of 335,600 shares. Based on an average daily trading volume, of 84,500 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.1% of the shares of the stock are sold short.
View TrustCo Bank Corp NY's Short Interest
.

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

TrustCo Bank Corp NY is scheduled to release its next quarterly earnings announcement on Thursday, January 20th 2022.
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) released its earnings results on Wednesday, October, 20th. The bank reported $0.87 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.72 by $0.15. The bank earned $44.18 million during the quarter, compared to analysts' expectations of $44.40 million. TrustCo Bank Corp NY had a net margin of 31.63% and a trailing twelve-month return on equity of 10.26%. During the same period last year, the business earned $0.75 earnings per share.
View TrustCo Bank Corp NY's earnings history
.

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 Tuesday, November 16th. Stockholders of record on Friday, December 3rd will be paid a dividend of $0.35 per share on Monday, January 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Thursday, December 2nd. This is an increase from TrustCo Bank Corp NY's previous quarterly dividend of $0.34.
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 4.20%. TRST has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. TrustCo Bank Corp NY has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of TrustCo Bank Corp NY is 44.30%. 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 45.95% 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.

When did TrustCo Bank Corp NY's stock split? How did TrustCo Bank Corp NY's stock split work?

TrustCo Bank Corp NY shares 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 closing bell on Tuesday, June 1st 2021. An investor that had 100 shares of TrustCo Bank Corp NY stock prior to the reverse split would have 20 shares after the split.

Who are TrustCo Bank Corp NY's key executives?

TrustCo Bank Corp NY's management team includes the following people:
  • Robert Joseph McCormick, Chairman, President & Chief Executive Officer
  • Kevin Michael Curley, Chief Operating Officer & Executive Vice President
  • Michael M. Ozimek, Chief Financial Officer & Executive Vice President (LinkedIn Profile)
  • Robert Michael Leonard, Chief Risk Officer & Executive Vice President
  • Scot Reynold Salvador, Chief Banking Officer & Executive Vice President

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.

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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.79%), Dimensional Fund Advisors LP (5.06%), Franklin Resources Inc. (3.30%), Invesco Ltd. (1.55%), Bank of New York Mellon Corp (1.40%) and Hotchkis & Wiley Capital Management LLC (1.10%). Company insiders that own TrustCo Bank Corp NY stock include 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.
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 Franklin Resources Inc., Victory Capital Management Inc., Dimensional Fund Advisors LP, UBS Group AG, Arrowstreet Capital Limited Partnership, New York State Common Retirement Fund, First Manhattan Co., and Credit Suisse AG.
View insider buying and selling activity for TrustCo Bank Corp NY
or view top insider-selling stocks.

Which institutional investors are buying TrustCo Bank Corp NY stock?

TRST stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., Verition Fund Management LLC, Thrivent Financial for Lutherans, Moors & Cabot Inc., Goldman Sachs Group Inc., Renaissance Technologies LLC, Two Sigma Investments LP, and Millennium Management LLC. Company insiders that have bought TrustCo Bank Corp NY stock in the last two years include Eric W Schreck, Frank B Silverman, Gennaro Dennis A De, Kevin M Curley, Kimberly Adams Russell, Lisa M Lucarelli, Michael James Hall, Michael M Ozimek, Robert J Mccormick, Robert M Leonard, and Scot R Salvador.
View insider buying and selling activity for TrustCo Bank Corp NY
or or view top insider-buying 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 $32.66.

How much money does TrustCo Bank Corp NY make?

TrustCo Bank Corp NY has a market capitalization of $627.69 million and generates $195.46 million in revenue each year. The bank earns $52.45 million in net income (profit) each year or $3.07 on an earnings per share basis.

How many employees does TrustCo Bank Corp NY have?

TrustCo Bank Corp NY employs 881 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, via email at [email protected], or via fax at 518-381-3839.


This page was last updated on 12/1/2021 by MarketBeat.com Staff

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