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NASDAQ:TRST

TrustCo Bank Corp NY (TRST) Stock Forecast, Price & News

$32.08
+0.31 (+0.98%)
(As of 05/27/2022 12:00 AM ET)
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Today's Range
$31.75
$32.08
50-Day Range
$30.43
$32.85
52-Week Range
$29.78
$41.47
Volume
31,418 shs
Average Volume
68,877 shs
Market Capitalization
$615.84 million
P/E Ratio
9.55
Dividend Yield
4.41%
Beta
0.98
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, 2021, it operated through 147 banking offices and 163 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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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Current Symbol
NASDAQ:TRST
CUSIP
89834910
Employees
769
Year Founded
N/A

Sales & Book Value

Annual Sales
$185.92 million
Cash Flow
$3.82 per share
Book Value
$30.89 per share

Profitability

Net Income
$61.52 million
Pretax Margin
46.37%

Debt

Price-To-Earnings

Miscellaneous

Free Float
18,640,000
Market Cap
$615.84 million
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/1 Dividend
3/03/2022
Dividend Payable
4/01/2022
Last Earnings
4/21/2022
Today
5/27/2022
Ex-Dividend for 7/1 Dividend
6/02/2022
Dividend Payable
7/01/2022
Next Earnings (Estimated)
7/20/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.48 out of 5 stars

Finance Sector

435th out of 1,381 stocks

State Commercial Banks Industry

101st out of 240 stocks

Analyst Opinion: 0.0Community Rank: 3.9Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -













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

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, July 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) posted its quarterly earnings results on Thursday, April, 21st. The bank reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.20. The bank had revenue of $45.28 million for the quarter, compared to analysts' expectations of $44.48 million. TrustCo Bank Corp NY had a net margin of 34.79% and a trailing twelve-month return on equity of 10.94%. During the same quarter in the previous year, the firm posted $0.75 EPS.
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, May 17th. Investors of record on Friday, June 3rd will be given a dividend of $0.35 per share on Friday, July 1st. This represents a $1.40 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Thursday, June 2nd.
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 $1.40 per share and currently has a dividend yield of 4.41%. 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 41.67%. 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 41.42% 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:
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 institutional and retail investors. Top institutional investors include BlackRock Inc. (14.77%), Vanguard Group Inc. (7.04%), Dimensional Fund Advisors LP (4.86%), Systematic Financial Management LP (3.92%), State Street Corp (3.71%) and Invesco Ltd. (1.82%). 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 and Robert M Leonard.
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 Arrowstreet Capital Limited Partnership, Royce & Associates LP, JPMorgan Chase & Co., Assenagon Asset Management S.A., SG Americas Securities LLC, First Trust Advisors LP, Northern Trust Corp, and Metropolitan Life Insurance Co NY.
View insider buying and selling activity for TrustCo Bank Corp NY
or view top insider-selling stocks.

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 Ancora Advisors LLC, Systematic Financial Management LP, Vanguard Group Inc., Hsbc Holdings PLC, Healthcare of Ontario Pension Plan Trust Fund, BlackRock Inc., State Street Corp, and American Century Companies Inc.. 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, and Robert M Leonard.
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 $32.08.

How much money does TrustCo Bank Corp NY make?

TrustCo Bank Corp NY has a market capitalization of $615.84 million and generates $185.92 million in revenue each year. The bank earns $61.52 million in net income (profit) each year or $3.36 on an earnings per share basis.

How many employees does TrustCo Bank Corp NY have?

TrustCo Bank Corp NY employs 769 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.

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 5/27/2022 by MarketBeat.com Staff

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