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NASDAQ:TRSTTrustCo Bank Corp NY Stock Price, Forecast & News

$6.68
-0.22 (-3.19 %)
(As of 05/28/2020 04:00 PM ET)
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Today's Range
$6.62
Now: $6.68
$6.98
50-Day Range
$5.01
MA: $5.72
$6.90
52-Week Range
$4.30
Now: $6.68
$9.10
Volume873,585 shs
Average Volume530,959 shs
Market Capitalization$644.17 million
P/E Ratio11.52
Dividend Yield3.91%
Beta1.24
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, 2018, it operated through 148 banking offices and 161 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.51 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:TRST
CUSIP89834910
Phone518-377-3311

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$210.72 million
Cash Flow$0.71 per share
Book Value$5.68 per share

Profitability

Net Income$57.84 million

Miscellaneous

Employees899
Market Cap$644.17 million
Next Earnings Date7/27/2020 (Estimated)
OptionableOptionable

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

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

TrustCo Bank Corp NY's stock was trading at $6.12 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TRST stock has increased by 9.2% and is now trading at $6.68. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of TrustCo Bank Corp NY?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TrustCo Bank Corp NY in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for TrustCo Bank Corp NY.

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

TrustCo Bank Corp NY is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. 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 quarterly earnings results on Tuesday, April, 21st. The bank reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The bank earned $43.89 million during the quarter, compared to analyst estimates of $42.68 million. TrustCo Bank Corp NY had a net margin of 26.87% and a return on equity of 10.64%. 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 19th. Shareholders of record on Friday, June 5th will be given a dividend of $0.068 per share on Wednesday, July 1st. This represents a $0.27 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Thursday, June 4th. View TrustCo Bank Corp NY's dividend history.

What price target have analysts set for TRST?

2 brokerages have issued twelve-month target prices for TrustCo Bank Corp NY's stock. Their forecasts range from $6.00 to $6.50. On average, they anticipate TrustCo Bank Corp NY's share price to reach $6.25 in the next year. This suggests that the stock has a possible downside of 6.4%. View analysts' price targets for TrustCo Bank Corp NY.

Has TrustCo Bank Corp NY been receiving favorable news coverage?

News headlines about TRST stock have trended very negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TrustCo Bank Corp NY earned a media sentiment score of -3.4 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutTrustCo Bank Corp NY.

Are investors shorting TrustCo Bank Corp NY?

TrustCo Bank Corp NY saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,470,000 shares, an increase of 43.6% from the April 30th total of 1,720,000 shares. Based on an average daily volume of 546,600 shares, the days-to-cover ratio is presently 4.5 days. Currently, 2.6% of the company's shares are short sold. View TrustCo Bank Corp NY's Current Options Chain.

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), Verizon Communications (VZ), KeyCorp (KEY), CannTrust (CTST), Ford Motor (F), Plug Power (PLUG), Rite Aid (RAD) and Orchid Island Capital (ORC).

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 55)
  • Mr. Michael M. Ozimek, Exec. VP & CFO (Age 45)
  • Mr. Robert Michael Leonard, Exec. VP of Personnel & Chief Risk Officer (Age 56)
  • Mr. Eric W. Schreck, Exec. Officer & Treasurer (Age 52)
  • Mr. Scot Reynold Salvador, Exec. VP & Chief Lending Officer (Age 52)

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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.57%), Franklin Resources Inc. (3.92%), State Street Corp (3.26%), Invesco Ltd. (2.76%), Geode Capital Management LLC (1.55%) and Bank of New York Mellon Corp (1.47%). Company insiders that own TrustCo Bank Corp NY stock include Anthony J Md Phd Marinello, Eric W Schreck, 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 major investors are selling TrustCo Bank Corp NY stock?

TRST stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Morgan Stanley, Morgan Stanley, BlackRock Inc., Parametric Portfolio Associates LLC, Thrivent Financial for Lutherans, Grantham Mayo Van Otterloo & Co. LLC, and Aperio Group LLC. Company insiders that have sold TrustCo Bank Corp NY company stock in the last year include Eric W Schreck, Gennaro Dennis A De, and William D Powers. View insider buying and selling activity for TrustCo Bank Corp NY.

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 Franklin Resources Inc., State Street Corp, Deutsche Bank AG, Acadian Asset Management LLC, Invesco Ltd., Geode Capital Management LLC, Squarepoint Ops LLC, and JNB Advisors 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, 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.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

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

One share of TRST stock can currently be purchased for approximately $6.68.

How big of a company is TrustCo Bank Corp NY?

TrustCo Bank Corp NY has a market capitalization of $644.17 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. TrustCo Bank Corp NY employs 899 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, 12302. The bank can be reached via phone at 518-377-3311 or via email at [email protected]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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