Q1 2020 EPS Estimates for TrustCo Bank Corp NY Decreased by Analyst (NASDAQ:TRST)

TrustCo Bank Corp NY (NASDAQ:TRST) – Equities research analysts at Piper Sandler lowered their Q1 2020 EPS estimates for TrustCo Bank Corp NY in a research report issued to clients and investors on Monday, March 23rd. Piper Sandler analyst A. Twerdahl now expects that the bank will earn $0.13 per share for the quarter, down from their previous estimate of $0.14. Piper Sandler also issued estimates for TrustCo Bank Corp NY’s Q2 2020 earnings at $0.12 EPS, Q3 2020 earnings at $0.13 EPS, Q4 2020 earnings at $0.13 EPS, FY2020 earnings at $0.51 EPS, Q1 2021 earnings at $0.13 EPS, Q2 2021 earnings at $0.14 EPS, Q3 2021 earnings at $0.14 EPS, Q4 2021 earnings at $0.14 EPS and FY2021 earnings at $0.55 EPS.

A number of other analysts also recently issued reports on the stock. ValuEngine raised shares of TrustCo Bank Corp NY from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. BidaskClub downgraded shares of TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a report on Saturday, January 11th.

Shares of NASDAQ TRST opened at $5.48 on Thursday. The firm’s 50-day moving average price is $6.78 and its 200-day moving average price is $8.03. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The company has a market cap of $489.82 million, a PE ratio of 9.29 and a beta of 1.13. TrustCo Bank Corp NY has a 52-week low of $4.30 and a 52-week high of $9.10.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $42.36 million for the quarter. TrustCo Bank Corp NY had a net margin of 27.45% and a return on equity of 11.11%.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 6th will be issued a $0.068 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend is Thursday, March 5th. TrustCo Bank Corp NY’s payout ratio is 45.00%.

A number of hedge funds and other institutional investors have recently made changes to their positions in TRST. California Public Employees Retirement System boosted its stake in shares of TrustCo Bank Corp NY by 191.5% during the 3rd quarter. California Public Employees Retirement System now owns 230,543 shares of the bank’s stock worth $1,879,000 after acquiring an additional 151,460 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in TrustCo Bank Corp NY by 35.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 92,808 shares of the bank’s stock worth $758,000 after purchasing an additional 24,372 shares during the period. First Trust Advisors LP lifted its position in TrustCo Bank Corp NY by 24.3% during the third quarter. First Trust Advisors LP now owns 86,426 shares of the bank’s stock valued at $704,000 after purchasing an additional 16,876 shares in the last quarter. Stifel Financial Corp lifted its position in TrustCo Bank Corp NY by 1.3% during the third quarter. Stifel Financial Corp now owns 109,778 shares of the bank’s stock valued at $895,000 after purchasing an additional 1,370 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in TrustCo Bank Corp NY by 1.2% during the third quarter. California State Teachers Retirement System now owns 148,196 shares of the bank’s stock valued at $1,208,000 after purchasing an additional 1,770 shares during the period. Institutional investors own 67.05% of the company’s stock.

About TrustCo Bank Corp NY

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, 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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Earnings History and Estimates for TrustCo Bank Corp NY (NASDAQ:TRST)

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