TrustCo Bank Corp NY Company Profile (NASDAQ:TRST)

About TrustCo Bank Corp NY (NASDAQ:TRST)

TrustCo Bank Corp NY logoTrustCo Bank Corp NY is a savings and loan holding company. The Company's principal subsidiary is Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. It operates through community banking segment. The Bank's business consists of accepting deposits and making loans and investments. The Bank provides both personal and business banking services. The Bank's subsidiary, Trustco Realty Corp., is a real estate investment trust (REIT) formed to acquire, hold and manage real estate mortgage assets, including residential mortgage loans and mortgage backed securities. The Bank's trust department operates under the name, Trustco Financial Services, and serves as executor of estates and trustee of personal trusts, provides asset and wealth management services, and provides estate planning and related advice, provides custodial services.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Banks - NEC
  • Sub-Industry: Thrifts & Mortgage Finance
  • Symbol: NASDAQ:TRST
  • CUSIP: 89834910
  • Web: www.trustcobank.com
Capitalization:
  • Market Cap: $777.72 million
  • Outstanding Shares: 96,014,000
Average Prices:
  • 50 Day Moving Avg: $7.73
  • 200 Day Moving Avg: $7.96
  • 52 Week Range: $6.50 - $9.00
P/E:
  • Trailing P/E Ratio: 17.34
  • P/E Growth: 3.40
Sales & Book Value:
  • Annual Revenue: $165.49 million
  • Price / Sales: 4.87
  • Book Value: $4.66 per share
  • Price / Book: 1.80
Dividend:
  • Annual Dividend: $0.26
  • Dividend Yield: 3.2%
Profitability:
  • Net Margins: 24.58%
  • Return on Equity: 10.24%
  • Return on Assets: 0.92%
Debt:
  • Current Ratio: 0.93%
  • Quick Ratio: 0.92%
Misc:
  • Average Volume: 264,502 shs.
  • Beta: 1.16
  • Short Ratio: 2.09
 
Frequently Asked Questions for TrustCo Bank Corp NY (NASDAQ:TRST)

What is TrustCo Bank Corp NY's stock symbol?

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

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 16th. Stockholders of record on Friday, June 2nd will be paid a dividend of $0.0656 per share on Monday, July 3rd. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, May 31st. View TrustCo Bank Corp NY's Dividend History.

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

TrustCo Bank Corp NY (NASDAQ:TRST) announced its earnings results on Friday, July, 21st. The company reported $0.13 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.11 by $0.02. The firm earned $43.05 million during the quarter. TrustCo Bank Corp NY had a return on equity of 10.24% and a net margin of 24.58%. During the same period in the prior year, the business earned $0.11 earnings per share. View TrustCo Bank Corp NY's Earnings History.

When will TrustCo Bank Corp NY make its next earnings announcement?

TrustCo Bank Corp NY is scheduled to release their next quarterly earnings announcement on Thursday, October, 19th 2017. View Earnings Estimates for TrustCo Bank Corp NY.

Are investors shorting TrustCo Bank Corp NY?

TrustCo Bank Corp NY saw a drop in short interest in June. As of June 15th, there was short interest totalling 603,215 shares, a drop of 33.7% from the May 31st total of 910,386 shares. Based on an average daily trading volume, of 315,867 shares, the short-interest ratio is presently 1.9 days. Currently, 0.6% of the company's shares are sold short.

Who are some of TrustCo Bank Corp NY's key competitors?

Who are TrustCo Bank Corp NY's key executives?

TrustCo Bank Corp NY's management team includes the folowing people:

  • Thomas O. Maggs, Independent Chairman of the Board
  • Robert J. McCormick, President, Chief Executive Officer of Trustco Bank
  • Michael M. Ozimek, Chief Financial Officer, Senior Vice President of TrustCo and Trustco Bank
  • Eric W. Schreck, Senior Vice President Florida Regional President, Treasurer of TrustCo Bank
  • Robert T. Cushing, Chief Operating Officer, Executive Vice President
  • Robert M. Leonard, Executive Vice President, Secretary
  • Scot R. Salvador, Executive Vice President, Chief Banking Officer of TrustCo and Trustco Bank
  • Michael Hall, Vice President, Executive Officer, Assistant Secretary of TrustCo and Trustco Bank
  • Dennis A. De Gennaro, Independent Director
  • Brian C. Flynn, Independent Director

Who owns TrustCo Bank Corp NY stock?

TrustCo Bank Corp NY's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Acadian Asset Management LLC (0.64%), Russell Investments Group Ltd. (0.20%), Bank of Montreal Can (0.14%), Aperio Group LLC (0.11%), Louisiana State Employees Retirement System (0.04%) and First Quadrant L P CA (0.02%). Company insiders that own TrustCo Bank Corp NY stock include Brian C Flynn, Gennaro Dennis A De and William D Powers. View Institutional Ownership Trends for TrustCo Bank Corp NY.

Who sold TrustCo Bank Corp NY stock? Who is selling TrustCo Bank Corp NY stock?

TrustCo Bank Corp NY's stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Bank of Montreal Can, Russell Investments Group Ltd. and Nisa Investment Advisors LLC. View Insider Buying and Selling for TrustCo Bank Corp NY.

Who bought TrustCo Bank Corp NY stock? Who is buying TrustCo Bank Corp NY stock?

TrustCo Bank Corp NY's stock was bought by a variety of institutional investors in the last quarter, including Aperio Group LLC, First Quadrant L P CA, State of Alaska Department of Revenue and Louisiana State Employees Retirement System. Company insiders that have bought TrustCo Bank Corp NY stock in the last two years include Brian C Flynn and Gennaro Dennis A De. View Insider Buying and Selling for TrustCo Bank Corp NY.

How do I buy TrustCo Bank Corp NY stock?

Shares of TrustCo Bank Corp NY can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

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

One share of TrustCo Bank Corp NY stock can currently be purchased for approximately $8.40.


MarketBeat Community Rating for TrustCo Bank Corp NY (NASDAQ TRST)
Community Ranking:  1.2 out of 5 ()
Outperform Votes:  19 (Vote Outperform)
Underperform Votes:  60 (Vote Underperform)
Total Votes:  79
MarketBeat's community ratings are surveys of what our community members think about TrustCo Bank Corp NY and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for TrustCo Bank Corp NY (NASDAQ:TRST) (How are Consensus Ratings Calculated?)
Ratings Breakdown: No ratings tracked in the last 12 months.
Consensus Rating:N/A (Score: NaN)
Consensus Price Target: N/A

Analysts' Ratings History for TrustCo Bank Corp NY (NASDAQ:TRST)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/7/2015Keefe, Bruyette & WoodsUpgradeUnderperform -> Market Perform$6.00N/AView Rating Details
10/2/2015Sandler O'NeillLower Price Target$7.00 -> $6.00N/AView Rating Details
(Data available from 7/26/2015 forward)

Earnings

Earnings History for TrustCo Bank Corp NY (NASDAQ:TRST)
Earnings by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)
Earnings History by Quarter for TrustCo Bank Corp NY (NASDAQ TRST)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/19/2017N/AView Earnings Details
7/21/2017Q2 2017$0.11$0.13$43.05 millionViewN/AView Earnings Details
4/21/2017Q1 2017$0.11$0.11$42.13 millionViewN/AView Earnings Details
1/23/2017Q4 2016$0.11$0.11$41.42 millionViewN/AView Earnings Details
10/21/2016Q3$0.11$0.11$41.40 millionViewN/AView Earnings Details
7/21/2016Q2$0.11$0.11$41.50 millionViewN/AView Earnings Details
4/21/2016Q1$0.11$0.11$40.75 millionViewN/AView Earnings Details
1/21/2016Q4$0.10$0.11$40.69 millionViewListenView Earnings Details
10/21/2015Q3$0.10$0.11$40.42 millionViewListenView Earnings Details
7/21/2015Q2$0.11$0.11$40.13 millionViewListenView Earnings Details
4/21/2015Q115$0.11$0.11$40.29 million$39.79 millionViewN/AView Earnings Details
1/21/2015Q314$0.11$0.11$40.32 million$40.42 millionViewN/AView Earnings Details
10/21/2014Q3$0.10$0.11$40.54 millionViewN/AView Earnings Details
7/21/2014Q214$0.11$0.13$38.97 million$39.99 millionViewN/AView Earnings Details
4/21/2014Q1 14$0.11$0.12$40.42 millionViewN/AView Earnings Details
1/21/2014Q4 13$0.11$0.11$38.67 millionViewN/AView Earnings Details
10/21/2013Q313$0.10$0.11$37.87 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for TrustCo Bank Corp NY (NASDAQ:TRST)

No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Current Dividend Information for TrustCo Bank Corp NY (NASDAQ:TRST)
Most Recent Dividend:7/3/2017
Annual Dividend:$0.26
Dividend Yield:3.10%
Payout Ratio:56.52% (Trailing 12 Months of Earnings)
Dividend Payments by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)

Dividend History by Quarter for TrustCo Bank Corp NY (NASDAQ TRST)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/16/2017quarterly$0.073.48%5/31/20176/2/20177/3/2017
2/21/2017quarterly$0.073.05%3/1/20173/3/20174/3/2017
11/15/2016quarterly$0.073.26%11/30/201612/2/20161/3/2017
8/16/2016quarterly$0.073.78%8/31/20169/2/201610/3/2016
5/17/2016quarterly$0.074.12%6/1/20166/3/20167/1/2016
2/16/2016quarterly$0.074.68%3/2/20163/4/20164/1/2016
11/17/2015quarterly$0.074.04%12/2/201512/4/20151/4/2016
8/18/2015quarterly$0.074.3%9/2/20159/4/201510/1/2015
5/20/2015quarterly$0.073.84%6/3/20156/5/20157/1/2015
2/17/2015quarterly$0.073.89%3/4/20153/6/20154/1/2015
11/18/2014quarterly$0.073.76%12/3/201412/5/20141/2/2015
8/19/2014quarterly$0.073.86%9/3/20149/5/201410/1/2014
5/20/2014quarterly$0.074.01%6/4/20146/6/20147/1/2014
2/18/2014quarterly$0.074.12%3/5/20143/7/20144/1/2014
11/19/2013quarterly$0.073.71%12/4/201312/6/20131/2/2014
8/21/2013quarterly$0.074.23%9/4/20139/6/201310/1/2013
5/21/2013quarterly$0.074.72%6/5/20136/7/20137/1/2013
2/19/2013quarterly$0.074.92%2/27/20133/1/20134/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for TrustCo Bank Corp NY (NASDAQ:TRST)
Insider Ownership Percentage: 0.20%
Institutional Ownership Percentage: 58.30%
Insider Trades by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)
Institutional Ownership by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)
Insider Trades by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/9/2017William D PowersDirectorSell10,000$8.00$80,000.00View SEC Filing  
11/10/2016Brian C FlynnDirectorBuy9,000$7.50$67,500.00View SEC Filing  
10/27/2016William D PowersDirectorSell5,000$6.98$34,900.00View SEC Filing  
12/15/2015Gennaro Dennis A DeDirectorBuy7,971$6.27$49,978.17View SEC Filing  
5/23/2014Robert J MccormickCEOBuy3,753$6.66$24,994.98View SEC Filing  
3/11/2014Thomas O MaggsDirectorBuy1,276$6.91$8,817.16View SEC Filing  
2/4/2014Scot R SalvadorEVPBuy3,893$6.42$24,993.06View SEC Filing  
12/3/2013Gennaro Dennis A DeDirectorBuy2,350$7.45$17,507.50View SEC Filing  
10/31/2013William D PowersDirectorSell12,500$6.73$84,125.00View SEC Filing  
10/29/2013Robert J MccormickCEOBuy3,641$6.87$25,013.67View SEC Filing  
8/2/2013Robert J MccormickCEOBuy4,181$5.98$25,002.38View SEC Filing  
5/20/2013Anthony J Md Phd MarinelloDirectorBuy5,000$5.65$28,250.00View SEC Filing  
5/9/2013Robert J MccormickCEOBuy4,473$5.59$25,004.07View SEC Filing  
4/29/2013Thomas O MaggsDirectorBuy1,650$5.28$8,712.00View SEC Filing  
3/13/2013Robert J MccormickCEOBuy4,642$5.39$25,020.38View SEC Filing  
2/4/2013Scot R SalvadorEVPBuy4,745$5.27$25,006.15View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for TrustCo Bank Corp NY (NASDAQ:TRST)
Latest Headlines for TrustCo Bank Corp NY (NASDAQ:TRST)
Source:
DateHeadline
finance.yahoo.com logoInvestor Network: TrustCo Bank Corp NY to Host Earnings Call
finance.yahoo.com - July 25 at 7:47 AM
finance.yahoo.com logoEdited Transcript of TRST earnings conference call or presentation 24-Jul-17 1:00pm GMT
finance.yahoo.com - July 25 at 7:47 AM
finance.yahoo.com logoTrustCo posts 2Q profit
finance.yahoo.com - July 22 at 9:47 AM
finance.yahoo.com logoTrustCo Bank Corp. NY breached its 50 day moving average in a Bearish Manner : TRST-US : July 19, 2017
finance.yahoo.com - July 20 at 8:54 AM
americanbankingnews.com logoTrustCo Bank Corp NY (TRST) Scheduled to Post Quarterly Earnings on Wednesday
www.americanbankingnews.com - July 17 at 7:58 AM
finance.yahoo.com logoTrustCo Bank Corp. NY – Value Analysis (NASDAQ:TRST) : July 5, 2017
finance.yahoo.com - July 6 at 2:22 PM
finance.yahoo.com logoTrustCo Bank Corp. NY breached its 50 day moving average in a Bullish Manner : TRST-US : July 4, 2017
finance.yahoo.com - July 4 at 7:07 PM
americanbankingnews.com logoTrustCo Bank Corp NY (TRST) Short Interest Update
www.americanbankingnews.com - July 1 at 7:08 AM
finance.yahoo.com logoTrustCo Bank Corp. NY breached its 50 day moving average in a Bearish Manner : TRST-US : June 21, 2017
finance.yahoo.com - June 22 at 2:17 PM
finance.yahoo.com logoETFs with exposure to TrustCo Bank Corp. NY : June 15, 2017
finance.yahoo.com - June 15 at 8:35 PM
americanbankingnews.com logoReviewing Independent Bank Corp (INDB) and TrustCo Bank Corp NY (TRST)
www.americanbankingnews.com - June 10 at 8:46 AM
finance.yahoo.com logoTrustCo Bank Corp. NY breached its 50 day moving average in a Bullish Manner : TRST-US : June 9, 2017
finance.yahoo.com - June 9 at 4:14 PM
americanbankingnews.com logoTrustCo Bank Corp NY (TRST) Sees Large Decrease in Short Interest
www.americanbankingnews.com - June 4 at 10:14 AM
finance.yahoo.com logoTrustCo Bank Corp. NY : TRST-US: Dividend Analysis : June 02nd, 2017 (record date) : By the numbers : June 1, 2017
finance.yahoo.com - June 2 at 2:30 AM
finance.yahoo.com logoETFs with exposure to TrustCo Bank Corp. NY : May 29, 2017
finance.yahoo.com - May 29 at 7:07 PM
bizjournals.com logoHow this bank grew its average deposits to highest level since before the financial crisis
www.bizjournals.com - May 22 at 8:29 AM
finance.yahoo.com logoETFs with exposure to TrustCo Bank Corp. NY : May 18, 2017
finance.yahoo.com - May 19 at 1:18 PM
finance.yahoo.com logoTrustCo Bank Corp. NY :TRST-US: Earnings Analysis: Q1, 2017 By the Numbers : May 17, 2017
finance.yahoo.com - May 17 at 12:36 PM
americanbankingnews.com logoTrustCo Bank Corp NY Announces Quarterly Dividend of $0.07 (TRST)
www.americanbankingnews.com - May 16 at 6:38 PM
finance.yahoo.com logoTrustCo Bank Corp. NY breached its 50 day moving average in a Bearish Manner : TRST-US : May 12, 2017
finance.yahoo.com - May 13 at 2:11 AM
americanbankingnews.com logoTrustCo Bank Corp NY (TRST) Receiving Somewhat Positive News Coverage, Analysis Finds
www.americanbankingnews.com - May 3 at 5:50 PM
seekingalpha.com logoTrustCo: A Bank Worth A Look
seekingalpha.com - May 2 at 6:20 PM
americanbankingnews.com logoTrustCo Bank Corp NY (TRST) Earning Somewhat Favorable Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 29 at 5:03 PM
americanbankingnews.com logoTrustCo Bank Corp NY (TRST) Short Interest Down 24.5% in April
www.americanbankingnews.com - April 29 at 7:06 AM
americanbankingnews.com logoTrustCo Bank Corp NY (TRST) Receiving Somewhat Favorable Media Coverage, Analysis Shows
www.americanbankingnews.com - April 26 at 5:10 PM
finance.yahoo.com logoTrustCo Bank Corp. NY breached its 50 day moving average in a Bullish Manner : TRST-US : April 26, 2017
finance.yahoo.com - April 26 at 8:42 AM
seekingalpha.com logoTrustco Bank's (TRST) CEO, Robert McCormick on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 25 at 7:16 PM
finance.yahoo.com logoEdited Transcript of TRST earnings conference call or presentation 24-Apr-17 1:00pm GMT
finance.yahoo.com - April 25 at 9:11 AM
americanbankingnews.com logoTrustCo Bank Corp NY (TRST) Posts Quarterly Earnings Results, Hits Estimates
www.americanbankingnews.com - April 24 at 1:05 PM
rttnews.com logoTrustCo Bank Corp NY Announces 5% Gain In Q1 Earnings
www.rttnews.com - April 21 at 8:07 PM
finance.yahoo.com logoTrustCo Announces Increased First Quarter 2017 Earnings
finance.yahoo.com - April 21 at 8:07 PM
finance.yahoo.com logoTrustCo posts 1Q profit
finance.yahoo.com - April 21 at 8:07 PM
americanbankingnews.com logoTrustCo Bank Corp NY (TRST) to Release Quarterly Earnings on Friday
www.americanbankingnews.com - April 19 at 7:12 AM
feeds.benzinga.com logoTrustCo to Release First Quarter 2017 Results on April 21, 2017; Conference Call on April 24, 2017
feeds.benzinga.com - April 14 at 12:07 PM
finance.yahoo.com logoTrustCo to Release First Quarter 2017 Results on April 21, 2017; Conference Call on April 24, 2017
finance.yahoo.com - April 14 at 12:04 PM
bizjournals.com logoBank CEO signs new contract with the area's largest 'golden parachute'
www.bizjournals.com - April 7 at 1:05 PM
biz.yahoo.com logoTRUSTCO BANK CORP N Y Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibit
biz.yahoo.com - March 24 at 8:43 PM
americanbankingnews.com logoTrustCo Bank Corp NY (TRST) Director Sells $80,000.00 in Stock
www.americanbankingnews.com - March 10 at 7:37 PM
finance.yahoo.com logoTRUSTCO BANK CORP N Y Financials
finance.yahoo.com - March 9 at 8:23 PM
biz.yahoo.com logoTRUSTCO BANK CORP N Y Files SEC form 10-K, Annual Report
biz.yahoo.com - March 4 at 2:13 AM
finance.yahoo.com logoEdited Transcript of TRST earnings conference call or presentation 24-Jan-17 2:00pm GMT
finance.yahoo.com - January 25 at 7:49 AM
rttnews.com logoEARNINGS SUMMARY: Details of TrustCo Bank Corp NY Q4 Earnings Report
www.rttnews.com - January 24 at 8:38 AM
biz.yahoo.com logoQ4 2016 TrustCo Bank Corp N Y Earnings Release - After Market Close
us.rd.yahoo.com - January 24 at 12:34 AM
us.rd.yahoo.com logoTrustCo Announces Increased Fourth Quarter and Full Year 2016 Earnings
us.rd.yahoo.com - January 24 at 12:34 AM
biz.yahoo.com logoTRUSTCO BANK CORP N Y Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh
us.rd.yahoo.com - January 24 at 12:34 AM
finance.yahoo.com logoTrustCo to Release Fourth Quarter 2016 Results on January 23, 2017; Conference Call on January 24, 2017
finance.yahoo.com - January 14 at 6:41 AM
biz.yahoo.com logoTRUSTCO BANK CORP N Y Files SEC form 8-K, Other Events, Financial Statements and Exhibits
biz.yahoo.com - January 14 at 6:41 AM
nasdaq.com logoTrustCo Bank Corp NY (TRST) Ex-Dividend Date Scheduled...
www.nasdaq.com - November 30 at 10:16 AM
biz.yahoo.com logoTRUSTCO BANK CORP N Y Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Financial Statemen
biz.yahoo.com - November 18 at 7:36 PM
seekingalpha.com logoTrustCo Bank Corp NY declares $0.065625 dividend
seekingalpha.com - November 16 at 11:52 AM

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Chart

TrustCo Bank Corp NY (TRST) Chart for Wednesday, July, 26, 2017

This page was last updated on 7/26/2017 by MarketBeat.com Staff