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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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NASDAQ:TRST

TrustCo Bank Corp NY Stock Forecast, Price & News

$6.88
-0.08 (-1.15 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$6.82
Now: $6.88
$6.99
50-Day Range
$6.22
MA: $6.82
$7.30
52-Week Range
$4.30
Now: $6.88
$7.48
Volume708,050 shs
Average Volume530,798 shs
Market Capitalization$663.46 million
P/E Ratio12.51
Dividend Yield3.88%
Beta1.2
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. 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, 2019, it operated 148 banking offices and 162 automatic teller machines in New York, Florida, Vermont, Massachusetts, and New Jersey. The company was founded in 1902 and is headquartered in Glenville, New York.
TrustCo Bank Corp NY logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:TRST
CUSIP89834910
Phone518-377-3311
Employees778
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$210.72 million
Cash Flow$0.65 per share
Book Value$5.55 per share

Profitability

Net Income$57.84 million

Miscellaneous

Market Cap$663.46 million
Next Earnings Date4/20/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.95 out of 5 stars

Finance Sector

261st out of 1,937 stocks

State Commercial Banks Industry

51st out of 306 stocks

Analyst Opinion: 1.0Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
$6.88
-0.08 (-1.15 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 equities 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 equities 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but TrustCo Bank Corp NY wasn't one of them. MarketBeat thinks these five stocks 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 Tuesday, April 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 results on Wednesday, January, 20th. The bank reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The bank had revenue of $43.25 million for the quarter, compared to analyst estimates of $44 million. TrustCo Bank Corp NY had a net margin of 26.28% and a trailing twelve-month return on equity of 9.55%.
View TrustCo Bank Corp NY's earnings history
.

How has TrustCo Bank Corp NY's stock price 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 12.4% and is now trading at $6.88.
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 declared a quarterly dividend on Tuesday, February 16th. Shareholders of record on Friday, March 5th will be given a dividend of $0.068 per share on Thursday, April 1st. This represents a $0.27 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Thursday, March 4th.
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 $0.27 per share and currently has a dividend yield of 3.88%. TrustCo Bank Corp NY does not yet have a strock track record of dividend growth. The dividend payout ratio of TrustCo Bank Corp NY is 45.00%. 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 46.55% 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 equities research analysts have issued 12-month price objectives for TrustCo Bank Corp NY's shares. Their forecasts range from $6.50 to $6.50. On average, they expect TrustCo Bank Corp NY's stock price to reach $6.50 in the next year. This suggests that the stock has a possible downside of 5.5%.
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 $2.24M)
  • Mr. Michael M. Ozimek, Exec. VP & CFO (Age 47, Pay $915.86k)
  • Mr. Kevin M. Curley, Exec. VP & COO (Age 55, Pay $803.32k)
  • Mr. Robert Michael Leonard, Exec. VP of Personnel & Chief Risk Officer (Age 58, Pay $1.52M)
  • Mr. Scot Reynold Salvador, Exec. VP & Chief Lending Officer (Age 54, Pay $1.44M)
  • 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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.76%), Dimensional Fund Advisors LP (5.60%), Northern Trust Corp (1.89%), Bank of New York Mellon Corp (1.39%), Royce & Associates LP (0.84%) and Nuveen Asset Management LLC (0.70%). 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, 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 Renaissance Technologies LLC, Dimensional Fund Advisors LP, BHZ Capital Management LP, State Board of Administration of Florida Retirement System, Nuveen Asset Management LLC, Russell Investments Group Ltd., Principal Financial Group Inc., and Wells Fargo & Company MN.
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 purchased by a variety of institutional investors in the last quarter, including Trustco Bank Corp N Y, Canada Pension Plan Investment Board, JPMorgan Chase & Co., Morgan Stanley, Royce & Associates LP, GSA Capital Partners LLP, BlackRock Inc., and SG Americas Securities LLC. Company insiders that have bought TrustCo Bank Corp NY stock in the last two years include Anthony J Md Phd Marinello, Eric W Schreck, Frank B Silverman, Gennaro Dennis A De, Kevin M Curley, Lisa M Lucarelli, Michael James Hall, 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 $6.88.

How much money does TrustCo Bank Corp NY make?

TrustCo Bank Corp NY has a market capitalization of $663.46 million and generates $210.72 million in revenue each year. The bank earns $57.84 million in net income (profit) each year or $0.60 on an earnings per share basis.

How many employees does TrustCo Bank Corp NY have?

TrustCo Bank Corp NY employs 778 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 2/28/2021 by MarketBeat.com Staff

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