NASDAQ:TRST TrustCo Bank Corp NY - TRST Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding TrustCo Bank Corp NY Please log in to your account or sign up in order to add this asset to your watchlist. $31.94 +0.22 (+0.69%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$31.52▼$32.0750-Day Range$31.72▼$37.6052-Week Range$29.50▼$39.36Volume79,378 shsAverage Volume131,329 shsMarket Capitalization$607.50 millionP/E Ratio8.13Dividend Yield4.51%Price Target$36.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media TrustCo Bank Corp NY MarketRank™ ForecastAnalyst RatingReduce1.00 Rating ScoreUpside/Downside12.7% Upside$36.00 Price TargetShort InterestHealthy1.18% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.82Based on 5 Articles This WeekInsider TradingAcquiring Shares$295,358 Bought Last QuarterProj. Earnings Growth-14.17%From $3.81 to $3.27 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.27 out of 5 starsFinance Sector572nd out of 890 stocksState Commercial Banks Industry151st out of 188 stocks 1.5 Analyst's Opinion Consensus RatingTrustCo Bank Corp NY has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $36.00, TrustCo Bank Corp NY has a forecasted upside of 12.7% from its current price of $31.94.Amount of Analyst CoverageTrustCo Bank Corp NY has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.18% of the float of TrustCo Bank Corp NY has been sold short.Short Interest Ratio / Days to CoverTrustCo Bank Corp NY has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in TrustCo Bank Corp NY has recently increased by 22.86%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipTrustCo Bank Corp NY is a leading dividend payer. It pays a dividend yield of 4.47%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthTrustCo Bank Corp NY has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of TrustCo Bank Corp NY is 36.64%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, TrustCo Bank Corp NY will have a dividend payout ratio of 44.04% next year. This indicates that TrustCo Bank Corp NY will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TRST. Previous Next 3.8 News and Social Media Coverage News SentimentTrustCo Bank Corp NY has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for TrustCo Bank Corp NY this week, compared to 1 article on an average week.Search Interest2 people have searched for TRST on MarketBeat in the last 30 days. MarketBeat Follows4 people have added TrustCo Bank Corp NY to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TrustCo Bank Corp NY insiders have bought more of their company's stock than they have sold. Specifically, they have bought $295,358.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 2.90% of the stock of TrustCo Bank Corp NY is held by insiders.Percentage Held by Institutions65.30% of the stock of TrustCo Bank Corp NY is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for TrustCo Bank Corp NY are expected to decrease by -14.17% in the coming year, from $3.81 to $3.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TrustCo Bank Corp NY is 8.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.47.Price to Earnings Ratio vs. SectorThe P/E ratio of TrustCo Bank Corp NY is 8.13, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 136.15.Price to Book Value per Share RatioTrustCo Bank Corp NY has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TrustCo Bank Corp NY (NASDAQ:TRST) StockTrustCo 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. It 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 firm 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. The company was founded in 1902 and is headquartered in Glenville, NY.Read More Receive TRST Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TrustCo Bank Corp NY and its competitors with MarketBeat's FREE daily newsletter. Email Address TRST Stock News HeadlinesMarch 27, 2023 | insidertrades.com3 Financials The Insiders Are Buying (TRST)March 31, 2023 | americanbankingnews.comTrustCo Bank Corp NY (NASDAQ:TRST) Sees Significant Growth in Short InterestApril 1, 2023 | Vantage Point (Ad)What’s At Stake In April is ShockingThe Fed will be meeting on a topic that could change trading forever, and the decision could come as soon as the end of April. But by taking the smartest approach now, you can help shield your assets and work toward your trading goals. Time, as always, is of the essence. Click on this link to see what you need to do right away. March 27, 2023 | finance.yahoo.comTrustCo Bank Corp NY (NASDAQ:TRST) is favoured by institutional owners who hold 67% of the companyMarch 14, 2023 | finance.yahoo.comTrustCo Bank Corp NY Full Year 2022 Earnings: EPS Beats ExpectationsMarch 1, 2023 | msn.comTrustCo Bank Corp NY (TRST) Declares $0.36 DividendFebruary 24, 2023 | finance.yahoo.comIf EPS Growth Is Important To You, TrustCo Bank Corp NY (NASDAQ:TRST) Presents An OpportunityFebruary 22, 2023 | msn.comTrustCo Bank declares $0.36 dividendApril 1, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.February 22, 2023 | finance.yahoo.comTrustCo dividend offers stability in a volatile environmentJanuary 29, 2023 | finance.yahoo.comTrade Alert: The General Counsel & Corporate Secretary Of TrustCo Bank Corp NY (NASDAQ:TRST), Michael Hall, Has Just Spent US$105k Buying 84% More SharesJanuary 25, 2023 | finance.yahoo.comTrustCo Bank Corp NY (NASDAQ:TRST) Q4 2022 Earnings Call TranscriptJanuary 24, 2023 | seekingalpha.comTrustCo Bank Corp (TRST) CEO, Robert McCormick on Q4 2022 Results - Earnings Call TranscriptJanuary 23, 2023 | finance.yahoo.comTrustCo Caps Off 120th Anniversary Year, Reports Record Performance; Net Income of $75.2 Million up 22.3% over the prior yearJanuary 23, 2023 | finance.yahoo.comTrustCo Bank (TRST) Q4 Earnings and Revenues Surpass EstimatesJanuary 10, 2023 | finance.yahoo.comTrustCo to Release Fourth Quarter 2022 Results on January 23, 2023; Conference Call on January 24, 2023January 7, 2023 | finance.yahoo.comQuite a few insiders invested in TrustCo Bank Corp NY (NASDAQ:TRST) last year which is positive news for shareholdersNovember 19, 2022 | finance.yahoo.comTrustCo Bank Corp NY (NASDAQ:TRST) Is Increasing Its Dividend To $0.36November 15, 2022 | finance.yahoo.comTrustCo Caps Off Year of Historic Celebrations and Achievement with Dividend IncreaseNovember 6, 2022 | seekingalpha.comTrustCo Bank: Strong Earnings Growth On The CardsNovember 3, 2022 | finance.yahoo.comTrustCo Bank Corp NY (NASDAQ:TRST) shareholders have earned a 0.1% CAGR over the last five yearsOctober 28, 2022 | finance.yahoo.comTrustCo (TRST) Upgraded to Strong Buy: What Does It Mean for the Stock?October 18, 2022 | finance.yahoo.comTrustCo Announces the Addition of Alejandro “Alex” M. Sanchez to the Board of DirectorsOctober 14, 2022 | finance.yahoo.comWith 66% ownership of the shares, TrustCo Bank Corp NY (NASDAQ:TRST) is heavily dominated by institutional ownersOctober 11, 2022 | finance.yahoo.comTrustCo to Release Third Quarter 2022 Results on October 24, 2022; Conference Call on October 25, 2022September 21, 2022 | seekingalpha.comTRST TrustCo Bank Corp NYSeptember 16, 2022 | finance.yahoo.comWe Ran A Stock Scan For Earnings Growth And TrustCo Bank Corp NY (NASDAQ:TRST) Passed With EaseSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive TRST Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TrustCo Bank Corp NY and its competitors with MarketBeat's FREE daily newsletter. Email Address TRST Company Calendar Ex-Dividend for 1/3 Dividend12/01/2022Dividend Payable1/03/2023Last Earnings1/24/2023Ex-Dividend for 4/3 Dividend3/02/2023Today4/01/2023Dividend Payable4/03/2023Next Earnings (Estimated)4/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNASDAQ:TRST CUSIP89834910 CIK357301 Webwww.trustcobank.com Phone(518) 377-3311Fax518-381-3839Employees769Year FoundedN/APrice Target and Rating Average Stock Price Forecast$36.00 High Stock Price Forecast$36.00 Low Stock Price Forecast$36.00 Forecasted Upside/Downside+12.7%Consensus RatingReduce Rating Score (0-4)1.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.93 Trailing P/E Ratio8.13 Forward P/E Ratio8.38 P/E GrowthN/ANet Income$75.23 million Net Margins36.55% Pretax Margin48.29% Return on Equity12.66% Return on Assets1.22% Debt Debt-to-Equity RatioN/A Current Ratio1.00 Quick Ratio1.00 Sales & Book Value Annual Sales$205.86 million Price / Sales2.95 Cash Flow$4.25 per share Price / Cash Flow7.52 Book Value$31.49 per share Price / Book1.01Miscellaneous Outstanding Shares19,020,000Free Float18,472,000Market Cap$607.50 million OptionableOptionable Beta0.92 Key ExecutivesRobert Joseph McCormickChairman, President & Chief Executive OfficerMichael M. OzimekChief Financial Officer & Executive Vice PresidentRobert Michael LeonardChief Risk Officer & Executive Vice PresidentEric W. SchreckTreasurer & Executive Vice PresidentScot Reynold SalvadorExecutive Vice President-CommercialKey CompetitorsFlushing FinancialNASDAQ:FFICHomeStreetNASDAQ:HMSTGreat Southern BancorpNASDAQ:GSBCWashington Trust BancorpNASDAQ:WASHHBT FinancialNASDAQ:HBTView All CompetitorsInsiders & InstitutionsAcrisure Capital Management LLCBought 5,995 shares on 3/28/2023Ownership: 0.032%MetLife Investment Management LLCSold 616 shares on 3/23/2023Ownership: 0.049%Kevin M CurleyBought 308 shares on 3/15/2023Total: $10,013.08 ($32.51/share)Kevin M CurleyBought 304 shares on 3/13/2023Total: $9,998.56 ($32.89/share)Michael M OzimekBought 1,000 shares on 3/13/2023Total: $33,000.00 ($33.00/share)View All Insider TransactionsView All Institutional Transactions TRST Stock - Frequently Asked Questions Should I buy or sell TrustCo Bank Corp NY stock right now? 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TrustCo Bank Corp NY in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" TRST shares. View TRST analyst ratings or view top-rated stocks. What is TrustCo Bank Corp NY's stock price forecast for 2023? 1 brokerages have issued 12-month target prices for TrustCo Bank Corp NY's shares. Their TRST share price forecasts range from $36.00 to $36.00. On average, they expect the company's stock price to reach $36.00 in the next year. This suggests a possible upside of 12.7% from the stock's current price. View analysts price targets for TRST or view top-rated stocks among Wall Street analysts. How have TRST shares performed in 2023? TrustCo Bank Corp NY's stock was trading at $37.59 at the beginning of the year. Since then, TRST stock has decreased by 15.0% and is now trading at $31.94. View the best growth stocks for 2023 here. Are investors shorting TrustCo Bank Corp NY? TrustCo Bank Corp NY saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 218,200 shares, an increase of 22.9% from the February 28th total of 177,600 shares. Based on an average trading volume of 97,300 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.2% of the shares of the company are sold short. View TrustCo Bank Corp NY's Short Interest. When is TrustCo Bank Corp NY's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023. View our TRST earnings forecast. How were TrustCo Bank Corp NY's earnings last quarter? TrustCo Bank Corp NY (NASDAQ:TRST) issued its quarterly earnings data on Tuesday, January, 24th. The bank reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.11. The bank had revenue of $56.86 million for the quarter, compared to the consensus estimate of $52.32 million. TrustCo Bank Corp NY had a net margin of 36.55% and a trailing twelve-month return on equity of 12.66%. 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, February 22nd. Shareholders of record on Friday, March 3rd will be given a dividend of $0.36 per share on Monday, April 3rd. This represents a $1.44 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend is Thursday, March 2nd. Read our dividend analysis for TRST. What ETFs hold TrustCo Bank Corp NY's stock? ETFs with the largest weight of TrustCo Bank Corp NY (NASDAQ:TRST) stock in their portfolio include ETC 6 Meridian Small Cap Equity ETF (SIXS), First Trust Dow Jones Select Microcap Index Fund (FDM), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Hartford Multifactor Small Cap ETF (ROSC), iShares US Small Cap Value Factor ETF (SVAL), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL). Is TrustCo Bank Corp NY a good dividend stock? TrustCo Bank Corp NY (NASDAQ:TRST) pays an annual dividend of $1.44 per share and currently has a dividend yield of 4.47%. TRST has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRST will have a dividend payout ratio of 44.04% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TRST. When did TrustCo Bank Corp NY's stock split? Shares of TrustCo Bank Corp NY reverse split before market open 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 stock prior to the reverse split would have 20 shares after the split. What is Robert J. McCormick's approval rating as TrustCo Bank Corp NY's CEO? 63 employees have rated TrustCo Bank Corp NY Chief Executive Officer Robert J. McCormick on Glassdoor.com. Robert J. McCormick has an approval rating of 43% among the company'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." How do I buy shares of TrustCo Bank Corp NY? Shares of TRST stock 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 $31.94. How much money does TrustCo Bank Corp NY make? TrustCo Bank Corp NY (NASDAQ:TRST) has a market capitalization of $607.50 million and generates $205.86 million in revenue each year. The bank earns $75.23 million in net income (profit) each year or $3.93 on an earnings per share basis. How many employees does TrustCo Bank Corp NY have? The company employs 769 workers across the globe. How can I contact TrustCo Bank Corp NY? TrustCo Bank Corp NY's mailing address is 5 SARNOWSKI DRIVE, GLENVILLE NY, 12205. The official website for the company is www.trustcobank.com. The bank can be reached via phone at (518) 377-3311, via email at ktimmons@trustcobank.com, or via fax at 518-381-3839. This page (NASDAQ:TRST) was last updated on 4/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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