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NASDAQ:TRST

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

$32.88
-0.40 (-1.20%)
(As of 09/6/2024 ET)
Today's Range
$32.78
$33.61
50-Day Range
$27.81
$35.74
52-Week Range
$23.78
$36.51
Volume
41,502 shs
Average Volume
58,988 shs
Market Capitalization
$625.51 million
P/E Ratio
11.78
Dividend Yield
4.38%
Price Target
N/A
TRST stock logo

About TrustCo Bank Corp NY Stock (NASDAQ:TRST)

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 and businesses. 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. It operates through banking offices in Albany, Columbia, Dutchess, Greene, Montgomery, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Ulster, Warren, Washington, and Westchester counties of New York; Brevard, Charlotte, Flagler, Hillsborough, Indian River, Lake, Manatee, Martin, Orange, Osceola, Palm Beach, Polk, Sarasota, Seminole, and Volusia counties in Florida; Bennington County in Vermont; Berkshire County in Massachusetts; and Bergen County in New Jersey, as well as automatic teller machines. The company was founded in 1902 and is headquartered in Glenville, New York.

TRST Stock Price History

TRST Stock News Headlines

Here’s A Painful Truth and 100% Fact About The Stocks You’re Holding
Charles Payne here, and I want to let you in on an uncomfortable truth that long term investors and retirees need to hear. It's shocking to me that more people aren't wise to this, as they are leaving money on the table from stocks they have a strong belief in. I call it "The Cash Flow Trade", and my team is going to teach you how and when to execute it in this free live event.
Trustco Bank makes several leadership promotions
Q2 2024 TrustCo Bank Corp NY Earnings Call
Here’s A Painful Truth and 100% Fact About The Stocks You’re Holding
Charles Payne here, and I want to let you in on an uncomfortable truth that long term investors and retirees need to hear. It's shocking to me that more people aren't wise to this, as they are leaving money on the table from stocks they have a strong belief in. I call it "The Cash Flow Trade", and my team is going to teach you how and when to execute it in this free live event.
See More Headlines
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Company Calendar

Ex-Dividend for 7/1 Dividend
6/07/2024
Dividend Payable
7/01/2024
Last Earnings
7/22/2024
Ex-Dividend for 10/1 Dividend
9/06/2024
Today
9/07/2024
Dividend Payable
10/01/2024
Next Earnings (Estimated)
10/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Current Symbol
NASDAQ:TRST
CUSIP
89834910
Employees
820
Year Founded
N/A

Profitability

Net Income
$58.65 million
Pretax Margin
25.20%

Debt

Sales & Book Value

Annual Sales
$174.74 million
Cash Flow
$3.27 per share
Book Value
$34.46 per share

Miscellaneous

Free Float
18,392,000
Market Cap
$625.51 million
Optionable
Optionable
Beta
0.82
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TRST Stock Analysis - Frequently Asked Questions

How have TRST shares performed this year?

TrustCo Bank Corp NY's stock was trading at $31.05 at the beginning of 2024. Since then, TRST stock has increased by 5.9% and is now trading at $32.88.
View the best growth stocks for 2024 here
.

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

TrustCo Bank Corp NY (NASDAQ:TRST) announced its quarterly earnings data on Monday, July, 22nd. The bank reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.13. The bank earned $66.24 million during the quarter, compared to analyst estimates of $40.94 million. TrustCo Bank Corp NY had a net margin of 19.22% and a trailing twelve-month return on equity of 7.65%.

When did TrustCo Bank Corp NY's stock split?

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 market closes 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.

Who are TrustCo Bank Corp NY's major shareholders?

Top institutional shareholders of TrustCo Bank Corp NY include Dimensional Fund Advisors LP (6.32%), Systematic Financial Management LP (4.99%), American Century Companies Inc. (1.74%) and AQR Capital Management LLC (1.60%). Insiders that own company stock include Robert J Mccormick, Scot R Salvador, Eric W Schreck, Kevin M Curley, Robert M Leonard, Michael M Ozimek, Michael James Hall, Frank B Silverman, Kimberly Adams Russell, Lisa M Lucarelli, Curtis N Powell and Steffani Cotugno.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of TrustCo Bank Corp NY own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and CannTrust (CTST).

This page (NASDAQ:TRST) was last updated on 9/7/2024 by MarketBeat.com Staff

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