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

Company Overview

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.

Key Stats

• Today's Range: $36.33 to $36.69
• 50-Day Range: $31.83 to $37.55
• 52-Week Range: $25.83 to $37.84
• Volume: 6,161 shs
• Average Volume: 79,197 shs
• Market Capitalization: $697.48 million
• P/E Ratio: 14.68
• Dividend Yield: 3.92%
• Price Target: N/A
• Consensus Rating: N/A

TrustCo Bank Corp NY Stock Analysis - MarketRank™

TrustCo Bank Corp NY scored higher than 48% of companies evaluated by MarketBeat, and ranked 608th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for TrustCo Bank Corp NY.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of TrustCo Bank Corp NY is 14.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of TrustCo Bank Corp NY is 14.52, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.28.

Price to Book Value per Share Ratio

TrustCo Bank Corp NY has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.21% of the float of TrustCo Bank Corp NY has been sold short.

Short Interest Ratio / Days to Cover

TrustCo Bank Corp NY has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in TrustCo Bank Corp NY has recently increased by 4.98%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

TrustCo Bank Corp NY is a leading dividend payer. It pays a dividend yield of 3.96%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

TrustCo Bank Corp NY does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of TrustCo Bank Corp NY is 57.60%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.21% of the float of TrustCo Bank Corp NY has been sold short.

Short Interest Ratio / Days to Cover

TrustCo Bank Corp NY has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in TrustCo Bank Corp NY has recently increased by 4.98%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.94

News Sentiment

TrustCo Bank Corp NY has a news sentiment score of 0.94. 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 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for TrustCo Bank Corp NY this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, TrustCo Bank Corp NY insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.32% of the stock of TrustCo Bank Corp NY is held by insiders.

Percentage Held by Institutions

68.57% 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.

TRST Stock Analysis - Frequently Asked Questions

How have TRST shares performed this year?

TrustCo Bank Corp NY's stock was trading at $31.05 on January 1st, 2024. Since then, TRST shares have increased by 16.9% and is now trading at $36.29.
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 results on Monday, October, 21st. The bank reported $0.68 EPS for the quarter. The bank earned $66 million during the quarter. TrustCo Bank Corp NY had a trailing twelve-month return on equity of 7.24% and a net margin of 18.24%.

When did TrustCo Bank Corp NY's stock split?

Shares of TrustCo Bank Corp NY reverse split on the morning of 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.

Who are TrustCo Bank Corp NY's major shareholders?

TrustCo Bank Corp NY's top institutional shareholders include Systematic Financial Management LP (5.84%), State Street Corp (4.59%), Geode Capital Management LLC (2.33%) and Hotchkis & Wiley Capital Management LLC (1.58%). 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 NVIDIA (NVDA), Tesla (TSLA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Ex-Dividend for 10/1 Dividend: 9/06/2024
• Dividend Payable: 10/01/2024
• Last Earnings: 10/21/2024
• Today: 11/21/2024
• Ex-Dividend for 1/2 Dividend: 12/06/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/02/2025
• Next Earnings (Estimated): 1/27/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NASDAQ:TRST
• CUSIP: 89834910
• CIK: 357301
• Web: www.trustcobank.com
• Phone: (518) 377-3311
• Fax: 518-381-3839
• Employees: 753
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $2.50
• Trailing P/E Ratio: 14.52
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $58.65 million
• Net Margins: 18.24%
• Pretax Margin: 23.93%
• Return on Equity: 7.24%
• Return on Assets: 0.77%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.03
• Quick Ratio: 1.03

Sales & Book Value

• Annual Sales: $244.52 million
• Price / Sales: 2.82
• Cash Flow: $3.38 per share
• Price / Cash Flow: 10.73
• Book Value: $35.19 per share
• Price / Book: 1.03

Miscellaneous

• Outstanding Shares: 19,010,000
• Free Float: 18,379,000
• Market Cap: $689.87 million
• Optionable: Optionable
• Beta: 0.81