Headlines about TrustCo Bank Corp NY (NASDAQ:TRST) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. TrustCo Bank Corp NY earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 45.7989778710592 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
TRST opened at $8.65 on Tuesday. The company has a market cap of $833.47, a PE ratio of 17.30 and a beta of 1.03. TrustCo Bank Corp NY has a one year low of $7.25 and a one year high of $9.70.
TrustCo Bank Corp NY (NASDAQ:TRST) last released its earnings results on Monday, January 22nd. The bank reported $0.13 EPS for the quarter. The firm had revenue of $43.54 million for the quarter. TrustCo Bank Corp NY had a return on equity of 10.73% and a net margin of 23.03%.
The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 2nd were issued a $0.0656 dividend. The ex-dividend date was Thursday, March 1st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.03%.
A number of research firms have recently commented on TRST. Sandler O’Neill set a $9.00 target price on TrustCo Bank Corp NY and gave the company a “hold” rating in a research note on Monday, March 26th. BidaskClub raised TrustCo Bank Corp NY from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th.
In other news, Director Gennaro Dennis A. De purchased 4,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was purchased at an average price of $8.80 per share, for a total transaction of $35,200.00. Following the completion of the acquisition, the director now owns 102,280 shares of the company’s stock, valued at $900,064. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is currently owned by insiders.
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About TrustCo Bank Corp NY
TrustCo Bank Corp NY operates as the holding company for Trustco 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.
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