Head-To-Head Analysis: TrustCo Bank Corp NY (TRST) & BancFirst (BANF)

TrustCo Bank Corp NY (NASDAQ: TRST) and BancFirst (NASDAQ:BANF) are both small-cap financials companies, but which is the better business? We will contrast the two companies based on the strength of their earnings, risk, analyst recommendations, dividends, institutional ownership, valuation and profitability.

Dividends

TrustCo Bank Corp NY pays an annual dividend of $0.26 per share and has a dividend yield of 2.9%. BancFirst pays an annual dividend of $0.84 per share and has a dividend yield of 1.5%. TrustCo Bank Corp NY pays out 57.8% of its earnings in the form of a dividend. BancFirst pays out 31.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. TrustCo Bank Corp NY has increased its dividend for 16 consecutive years. TrustCo Bank Corp NY is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Institutional and Insider Ownership

58.8% of TrustCo Bank Corp NY shares are owned by institutional investors. Comparatively, 32.9% of BancFirst shares are owned by institutional investors. 0.2% of TrustCo Bank Corp NY shares are owned by company insiders. Comparatively, 42.3% of BancFirst shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Profitability

This table compares TrustCo Bank Corp NY and BancFirst’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
TrustCo Bank Corp NY 28.62% 10.95% 1.02%
BancFirst 24.35% 11.83% 1.24%

Risk & Volatility

TrustCo Bank Corp NY has a beta of 1.11, meaning that its stock price is 11% more volatile than the S&P 500. Comparatively, BancFirst has a beta of 0.66, meaning that its stock price is 34% less volatile than the S&P 500.

Analyst Ratings

This is a summary of recent ratings and recommmendations for TrustCo Bank Corp NY and BancFirst, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
TrustCo Bank Corp NY 0 2 0 0 2.00
BancFirst 0 0 0 0 N/A

TrustCo Bank Corp NY presently has a consensus price target of $9.75, indicating a potential upside of 10.17%. Given TrustCo Bank Corp NY’s higher possible upside, research analysts clearly believe TrustCo Bank Corp NY is more favorable than BancFirst.

Valuation & Earnings

This table compares TrustCo Bank Corp NY and BancFirst’s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
TrustCo Bank Corp NY $187.33 million 4.55 $43.14 million $0.45 19.67
BancFirst $325.60 million 5.39 $86.44 million $2.65 20.77

BancFirst has higher revenue and earnings than TrustCo Bank Corp NY. TrustCo Bank Corp NY is trading at a lower price-to-earnings ratio than BancFirst, indicating that it is currently the more affordable of the two stocks.

Summary

BancFirst beats TrustCo Bank Corp NY on 9 of the 15 factors compared between the two stocks.

TrustCo Bank Corp NY Company Profile

TrustCo 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.

BancFirst Company Profile

BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support. The metropolitan and community banks offer traditional banking products, such as commercial and retail lending, and a line of deposit accounts. The metropolitan banks consist of banking locations in the metropolitan Oklahoma City and Tulsa areas. The community banks consist of banking locations in communities throughout Oklahoma. Its other financial services are specialty product business units, including guaranteed small business lending, residential mortgage lending, trust services, securities brokerage, electronic banking and insurance. The executive, operations and support groups represent executive management, operational support and corporate functions.

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