How have TRST shares performed in 2024?

TrustCo Bank Corp NY's stock was trading at $31.05 at the beginning of 2024. Since then, TRST stock has decreased by 16.4% and is now trading at $25.96. View the best growth stocks for 2024 here .

Are investors shorting TrustCo Bank Corp NY?

TrustCo Bank Corp NY saw a decline in short interest in March. As of March 31st, there was short interest totaling 202,400 shares, a decline of 19.0% from the March 15th total of 249,900 shares. Based on an average daily trading volume, of 82,000 shares, the short-interest ratio is presently 2.5 days. Currently, 1.1% 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 Monday, April 22nd 2024. View our TRST earnings forecast .

How can I listen to TrustCo Bank Corp NY's earnings call?

TrustCo Bank Corp NY will be holding an earnings conference call on Tuesday, April 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "734817".

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

TrustCo Bank Corp NY (NASDAQ:TRST) released its quarterly earnings data on Tuesday, January, 23rd. The bank reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.66 by $0.14. The bank earned $63.11 million during the quarter, compared to the consensus estimate of $44.90 million. TrustCo Bank Corp NY had a trailing twelve-month return on equity of 9.36% and a net margin of 23.98%. During the same quarter in the prior year, the business posted $1.10 EPS.

How often does TrustCo Bank Corp NY pay dividends? What is the dividend yield for TrustCo Bank Corp NY?

TrustCo Bank Corp NY announced a quarterly dividend on Tuesday, February 20th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.36 per share on Monday, April 1st. This represents a $1.44 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Thursday, February 29th. Read our dividend analysis for TRST .

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 5.56%. TRST has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 46.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRST will have a dividend payout ratio of 46.30% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TRST .

What ETF holds TrustCo Bank Corp NY's stock?

First Trust Dow Jones Select Microcap Index Fund holds 51,028 shares of TRST stock, representing 0.94% of its portfolio.

When did TrustCo Bank Corp NY's stock split?

TrustCo Bank Corp NY's stock 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) .

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 .

NASDAQ:TRST

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

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Free TRST Stock Alerts

$26.48

+0.52 (+2.00%)

(As of 12:37 PM ET)

Compare

Today's Range: $25.87
▼
$26.64
50-Day Range: $25.91
▼
$28.56
52-Week Range: $23.78
▼
$32.10

Volume: 21,154 shs
Average Volume: 79,737 shs
Market Capitalization: $503.65 million

P/E Ratio: 8.60
Dividend Yield: 5.44%
Price Target: N/A

Get TrustCo Bank Corp NY alerts:

TrustCo Bank Corp NY MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.10% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.72
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$80,023 Bought Last Quarter
Proj. Earnings Growth: 22.44%
From $2.54 to $3.11 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.89 out of 5 stars

Finance Sector

55th out of 850 stocks

State Commercial Banks Industry

14th out of 179 stocks

N/A

Analyst's Opinion

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

5.0

Short Interest

Percentage of Shares Shorted
1.10% 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 2.5, 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 decreased by 19.01%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
TrustCo Bank Corp NY is a leading dividend payer. It pays a dividend yield of 5.56%, 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 46.75%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, TrustCo Bank Corp NY will have a dividend payout ratio of 46.30% next year. This indicates that TrustCo Bank Corp NY will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TRST.

3.2

News and Social Media Coverage

News Sentiment
TrustCo Bank Corp NY has a news sentiment score of 0.72. 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 Week
MarketBeat has tracked 4 news articles for TrustCo Bank Corp NY this week, compared to 1 article on an average week.
Search Interest
2 people have searched for TRST on MarketBeat in the last 30 days.
MarketBeat Follows
Only 2 people have added TrustCo Bank Corp NY to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In 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 $80,023.00 in company stock and sold $0.00 in 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.

3.8

Earnings and Valuation

Earnings Growth
Earnings for TrustCo Bank Corp NY are expected to grow by 22.44% in the coming year, from $2.54 to $3.11 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TrustCo Bank Corp NY is 8.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of TrustCo Bank Corp NY is 8.43, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.40.
Price to Book Value per Share Ratio
TrustCo Bank Corp NY has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

TRST Stock News Headlines

April 15, 2024 | americanbankingnews.com

TrustCo Bank Corp NY (NASDAQ:TRST) Short Interest Update

April 15, 2024 | americanbankingnews.com

TrustCo Bank Corp NY (TRST) to Release Quarterly Earnings on Monday

April 19, 2024 | DTI (Ad)

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April 10, 2024 | globenewswire.com

TrustCo to Release First Quarter 2024 Results on April 22, 2024; Conference Call on April 23, 2024

April 9, 2024 | finance.yahoo.com

TrustCo Bank Corp NY (NASDAQ:TRST) investors are sitting on a loss of 15% if they invested five years ago

March 29, 2024 | marketwatch.com

TrustCo Bank Gets Authorization to Buy Back 1% Of Shares

March 29, 2024 | globenewswire.com

TrustCo Bank Corp NY Announces Stock Repurchase Plan

March 20, 2024 | investorplace.com

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March 13, 2024 | finance.yahoo.com

TrustCo Bank Corp NY Full Year 2023 Earnings: EPS Misses Expectations

February 27, 2024 | money.usnews.com

Trustco Bank Corp.

February 26, 2024 | bizjournals.com

Trustco to pay $2.75M to settle class-action lawsuit

February 25, 2024 | finance.yahoo.com

TrustCo Bank Corp NY (NASDAQ:TRST) Is Paying Out A Dividend Of $0.36

February 21, 2024 | finance.yahoo.com

Strong Capital Supports TrustCo’s Consistent Dividend; Annualized Payout of $1.44 per share

February 21, 2024 | globenewswire.com

Strong Capital Supports TrustCo's Consistent Dividend; Annualized Payout of $1.44 per share

February 20, 2024 | markets.businessinsider.com

Investors who Lost Money on New York Community Bancorp, Inc.(NYCB) Should Contact Levi & Korsinsky About Pending Class Action - NYCB

February 20, 2024 | markets.businessinsider.com

Shareholders that lost money on New York Community Bancorp, Inc. (NYCB) should contact Levi & Korsinsky about pending Class Action - NYCB

February 18, 2024 | finance.yahoo.com

TRST Mar 2024 40.000 call

February 17, 2024 | finance.yahoo.com

TRST Mar 2024 20.000 put

February 6, 2024 | money.usnews.com

New York Community Bancorp Is Sued by Shareholders as Stock Sinks to 1997 Level

February 6, 2024 | msn.com

New York Community Bancorp is sued by shareholders as stock tumbles

January 25, 2024 | finance.yahoo.com

TrustCo Bank Corp NY (NASDAQ:TRST) Q4 2023 Earnings Call Transcript

January 24, 2024 | finance.yahoo.com

Q4 2023 TrustCo Bank Corp NY Earnings Call

January 22, 2024 | markets.businessinsider.com

TrustCo’s Total Loans Surpass $5 Billion - Reach All-Time High; Nonperforming Assets to Total Assets at 0.29%, Lowest in 17 Years

January 22, 2024 | finance.yahoo.com

TrustCo’s Total Loans Surpass $5 Billion - Reach All-Time High; Nonperforming Assets to Total Assets at 0.29%, Lowest in 17 Years

January 22, 2024 | finance.yahoo.com

Trustco Bank Corp N Y Reports Full Year 2023 Earnings and Loan Growth Amid Economic Challenges

January 22, 2024 | uk.finance.yahoo.com

TrustCo Bank Corp NY (TRST)

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Company Calendar

Last Earnings: 1/23/2024
Ex-Dividend for 4/1 Dividend: 2/29/2024
Dividend Payable: 4/01/2024
Today: 4/19/2024
Next Earnings (Confirmed): 4/22/2024
Fiscal Year End: 12/31/2024

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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: 808
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $3.08
Trailing P/E Ratio: 8.43
Forward P/E Ratio: 10.22
P/E Growth: N/A
Net Income: $58.65 million
Net Margins: 23.98%
Pretax Margin: 31.74%
Return on Equity: 9.36%
Return on Assets: 0.96%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.01
Quick Ratio: 1.01

Sales & Book Value

Annual Sales: $190.16 million
Price / Sales: 2.60
Cash Flow: $3.38 per share
Price / Cash Flow: 7.67
Book Value: $33.92 per share
Price / Book: 0.77

Miscellaneous

Outstanding Shares: 19,024,000
Free Float: 18,392,000
Market Cap: $493.86 million
Optionable: Optionable
Beta: 0.84

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Key Executives

Mr. Robert Joseph McCormick (Age 60)
President, CEO & Chairman of the Board
Comp: $2.63M
Mr. Michael M. Ozimek (Age 50)
Executive VP & CFO
Comp: $1.14M
Mr. Scot Reynold Salvador (Age 57)
Executive Vice President of Commercial Banking
Comp: $1.41M
Mr. Robert Michael Leonard (Age 61)
Executive Vice President of Corporate Services & Risk
Comp: $1.45M
Mr. Kevin M. Curley (Age 58)
Executive Vice President of Retail Banking
Comp: $1.13M
Mr. Michael James Hall Esq. (Age 59)
General Counsel & Corporate Secretary
Mr. Eric W. Schreck (Age 57)
Executive VP & Treasurer
Comp: $451.72k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TRST Stock Analysis - Frequently Asked Questions

How have TRST shares performed in 2024?: TrustCo Bank Corp NY's stock was trading at $31.05 at the beginning of 2024. Since then, TRST stock has decreased by 16.4% and is now trading at $25.96.
View the best growth stocks for 2024 here.
Are investors shorting TrustCo Bank Corp NY?: TrustCo Bank Corp NY saw a decline in short interest in March. As of March 31st, there was short interest totaling 202,400 shares, a decline of 19.0% from the March 15th total of 249,900 shares. Based on an average daily trading volume, of 82,000 shares, the short-interest ratio is presently 2.5 days. Currently, 1.1% 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 Monday, April 22nd 2024.
View our TRST earnings forecast.
How can I listen to TrustCo Bank Corp NY's earnings call?: TrustCo Bank Corp NY will be holding an earnings conference call on Tuesday, April 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "734817".
How were TrustCo Bank Corp NY's earnings last quarter?: TrustCo Bank Corp NY (NASDAQ:TRST) released its quarterly earnings data on Tuesday, January, 23rd. The bank reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.66 by $0.14. The bank earned $63.11 million during the quarter, compared to the consensus estimate of $44.90 million. TrustCo Bank Corp NY had a trailing twelve-month return on equity of 9.36% and a net margin of 23.98%. During the same quarter in the prior year, the business posted $1.10 EPS.
How often does TrustCo Bank Corp NY pay dividends? What is the dividend yield for TrustCo Bank Corp NY?: TrustCo Bank Corp NY announced a quarterly dividend on Tuesday, February 20th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.36 per share on Monday, April 1st. This represents a $1.44 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for TRST.

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 5.56%. TRST has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 46.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRST will have a dividend payout ratio of 46.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRST.
What ETF holds TrustCo Bank Corp NY's stock?: First Trust Dow Jones Select Microcap Index Fund holds 51,028 shares of TRST stock, representing 0.94% of its portfolio.
When did TrustCo Bank Corp NY's stock split?: TrustCo Bank Corp NY's stock 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).
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.

This page (NASDAQ:TRST) was last updated on 4/19/2024 by MarketBeat.com Staff

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