Media headlines about TrustCo Bank (NASDAQ:TRST) have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TrustCo Bank earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.125851005344 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
NASDAQ:TRST opened at $8.80 on Tuesday. The stock has a market capitalization of $843.76 million, a P/E ratio of 16.20 and a beta of 1.05. TrustCo Bank has a twelve month low of $7.25 and a twelve month high of $9.70.
TrustCo Bank (NASDAQ:TRST) last released its quarterly earnings data on Monday, April 23rd. The bank reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $43.99 million during the quarter. TrustCo Bank had a net margin of 24.77% and a return on equity of 11.44%. During the same quarter in the previous year, the business earned $0.11 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 1st will be paid a $0.0656 dividend. This represents a $0.26 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, May 31st.
Several analysts recently weighed in on the company. Sandler O’Neill set a $9.00 price objective on TrustCo Bank and gave the company a “hold” rating in a research note on Monday, March 26th. BidaskClub raised TrustCo Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th.
In related news, Director William D. Powers sold 20,000 shares of the firm’s stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $8.65, for a total value of $173,000.00. Following the sale, the director now directly owns 65,651 shares of the company’s stock, valued at $567,881.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.80% of the company’s stock.
About TrustCo Bank
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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