TRST - TrustCo Bank Corp NY Stock Price, Fair Value and News

29.72USD+0.18 (+0.61%)Delayed

Market Summary

USD29.72+0.18

Delayed

0.61%

TRST Stock Price

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TRST RSI Chart

TRST Valuation

Market Cap

565.4M

Price/Earnings (Trailing)

10.66

Price/Sales (Trailing)

2.44

EV/EBITDA

-0.19

Price/Free Cashflow

11.35

TRST Price/Sales (Trailing)

TRST Profitability

EBT Margin

30.12%

Return on Equity

8.17%

Return on Assets

0.86%

Free Cashflow Yield

8.81%

TRST Fundamentals

TRST Revenue

Revenue (TTM)

232.0M

Rev. Growth (Yr)

10.79%

Rev. Growth (Qtr)

1.9%

TRST Earnings

Earnings (TTM)

53.0M

Earnings Growth (Yr)

-31.67%

Earnings Growth (Qtr)

23.13%

Breaking Down TRST Revenue

Last 7 days

5.0%

Last 30 days

14.7%

Last 90 days

5.0%

Trailing 12 Months

3.0%

How does TRST drawdown profile look like?

TRST Financial Health

TRST Investor Care

Dividend Yield

4.85%

Dividend/Share (TTM)

1.44

Diluted EPS (TTM)

2.79

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	232.0M	0	0	0
2023	199.2M	211.1M	219.7M	226.2M
2022	166.8M	168.9M	176.3M	186.6M
2021	174.2M	171.7M	169.3M	168.0M
2020	191.3M	187.2M	182.7M	178.3M
2019	184.8M	188.7M	191.5M	192.1M
2018	171.4M	174.1M	177.1M	180.9M
2017	162.4M	164.3M	166.6M	169.0M
2016	160.0M	160.5M	160.9M	161.4M
2015	157.8M	158.4M	159.0M	159.3M
2014	152.0M	153.8M	155.5M	156.9M
2013	153.1M	151.2M	150.3M	151.0M
2012	160.4M	159.2M	157.4M	155.0M
2011	160.4M	159.8M	160.3M	160.7M
2010	0	161.6M	161.9M	162.1M
2009	0	0	0	161.4M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of TrustCo Bank Corp NY

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 12, 2024	hall michael james	bought	13,700	27.4	500	general counsel & secretary
Feb 13, 2024	curley kevin m	bought	25,006	27.3	916	executive vice president & coo
Feb 02, 2024	hall michael james	bought	12,876	27.81	463	general counsel & secretary
Feb 01, 2024	schreck eric w	bought	28,440	28.44	1,000	evp & treasurer
Nov 17, 2023	salvador scot r	back to issuer	-29,419	27.78	-1,059	evp & evp commerical banking
Nov 17, 2023	schreck eric w	back to issuer	-8,834	27.78	-318	evp & treasurer
Nov 17, 2023	curley kevin m	acquired	-	-	1,059	executive vice president & coo
Nov 17, 2023	leonard robert m	acquired	-	-	1,481	evp & chief risk officer
Nov 17, 2023	curley kevin m	back to issuer	-29,419	27.78	-1,059	executive vice president & coo
Nov 17, 2023	ozimek michael m	acquired	-	-	1,059	executive vice president & cfo

Which funds bought or sold TRST recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	reduced	-10.6	-51,819	222,030	-%
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-566,476	-	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.99	-85,935	535,096	-%
May 15, 2024	SYSTEMATIC FINANCIAL MANAGEMENT LP	added	4.29	-1,518,720	26,518,900	0.74%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	5.57	-16,000	354,000	-%
May 15, 2024	Rockbridge Investment Management, LCC	sold off	-100	-684	-	-%
May 15, 2024	Voya Investment Management LLC	reduced	-5.32	-124,528	756,547	-%
May 15, 2024	AMERIPRISE FINANCIAL INC	reduced	-3.2	-358,119	2,580,960	-%
May 15, 2024	FIRST MANHATTAN CO. LLC.	reduced	-43.02	-375,278	401,251	-%
May 15, 2024	JANUS HENDERSON GROUP PLC	added	0.01	-25,574	243,720	-%

Are Funds Buying or Selling TRST?

Are funds buying TRST calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TRST

No. of Funds

Unveiling TrustCo Bank Corp NY's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	6.89%	1,311,620	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	6.2%	1,186,342	SC 13G/A
Jan 23, 2024	blackrock inc.	14.5%	2,754,126	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	5.6%	1,067,772	SC 13G
Feb 09, 2023	vanguard group inc	6.85%	1,304,610	SC 13G/A
Jan 23, 2023	blackrock inc.	14.3%	2,722,567	SC 13G/A
Feb 10, 2022	vanguard group inc	6.77%	1,302,042	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	4.8%	917,817	SC 13G/A
Jan 27, 2022	blackrock inc.	14.6%	2,803,457	SC 13G/A
Jan 25, 2022	blackrock inc.	14.6%	2,803,457	SC 13G

Recent SEC filings of TrustCo Bank Corp NY

View All Filings

Date Filed	Form Type	Document
May 15, 2024	13F-HR	Fund Holdings Report
May 09, 2024	10-Q	Quarterly Report
Apr 22, 2024	8-K	Current Report
Apr 10, 2024	8-K	Current Report
Apr 01, 2024	DEFA14A	DEFA14A
Apr 01, 2024	DEF 14A	DEF 14A
Apr 01, 2024	ARS	ARS
Mar 29, 2024	8-K	Current Report
Mar 13, 2024	4	Insider Trading
Mar 11, 2024	10-K	Annual Report

Peers (Alternatives to TrustCo Bank Corp NY)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

TrustCo Bank Corp NY News

Latest updates

TrustCo Bank Corp NY Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	1.9%	60.00	59.00	58.00	56.00	54.00	52.00	49.00	44.00	41.00	42.00	42.00	42.00	42.00	43.00	44.00	45.00	47.00	48.00	49.00	49.00	47.00
EBITDA Margin	-9.4%	1.02*	1.12*	1.27*	1.38*	1.46*	1.52*	1.53*	1.52*	1.50*	1.47*	1.43*	1.38*	-	-	-	-	-	-	-	-	-
Interest Expenses	-5.3%	37.00	39.00	42.00	44.00	47.00	49.00	48.00	43.00	40.00	40.00	40.00	40.00	40.00	39.00	38.00	38.00	39.00	38.00	39.00	39.00	40.00
Income Taxes	24.2%	4.00	3.00	5.00	5.00	6.00	7.00	6.00	6.00	6.00	5.00	6.00	5.00	5.00	4.00	5.00	4.00	4.00	4.00	5.00	5.00	5.00
Earnings Before Taxes	23.4%	16.00	13.00	19.00	22.00	24.00	28.00	26.00	23.00	23.00	22.00	22.00	19.00	19.00	18.00	19.00	15.00	18.00	18.00	19.00	20.00	19.00
EBT Margin	-12.2%	0.30*	0.34*	0.42*	0.47*	0.50*	0.53*	0.53*	0.53*	0.52*	0.49*	0.46*	0.44*	-	-	-	-	-	-	-	-	-
Net Income	23.1%	12.00	10.00	15.00	16.00	18.00	21.00	19.00	18.00	17.00	16.00	17.00	14.00	14.00	14.00	14.00	11.00	13.00	14.00	15.00	15.00	15.00
Net Income Margin	-11.9%	0.23*	0.26*	0.32*	0.35*	0.38*	0.40*	0.40*	0.40*	0.39*	0.37*	0.35*	0.33*	-	-	-	-	-	-	-	-	-
Free Cashflow	-36.4%	9.00	15.00	11.00	15.00	18.00	21.00	22.00	21.00	10.00	10.00	16.00	18.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.2%	6,180	6,168	6,054	6,076	6,046	6,000	6,079	6,227	6,282	6,197	6,135	6,123	6,046	5,902	5,736	5,677	5,257	5,221	5,222	5,228	5,156
Cash Equivalents	5.5%	610	578	507	603	637	651	841	1,046	1,273	1,219	1,193	1,183	1,140	1,107	956	953	536	457	451	560	619
Net PPE	-1.7%	33.00	34.00	32.00	32.00	32.00	33.00	32.00	32.00	33.00	33.00	33.00	34.00	34.00	34.00	34.00	34.00	34.00	35.00	34.00	34.00	34.00
Liabilities	0.1%	5,530	5,523	5,430	5,454	5,431	5,400	5,490	5,632	5,689	5,595	5,548	5,544	5,475	5,334	5,175	5,124	4,708	4,683	4,696	4,712	4,655
Short Term Borrowings	6.1%	94.00	89.00	103	114	134	123	125	147	248	245	231	238	230	215	193	177	148	149	151	167	160
Shareholder's Equity	0.6%	649	645	624	621	615	600	589	595	593	601	587	579	571	568	561	553	548	538	526	516	502
Retained Earnings	1.2%	430	425	422	414	405	394	380	367	356	349	340	329	321	314	307	299	295	288	281	272	264
Additional Paid-In Capital	0.1%	257	257	257	257	257	257	257	257	257	257	257	257	177	257	176	176	176	176	176	176	177
Shares Outstanding	0%	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	19.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	527	-	-	-	573	-	-	-	645	-	-	-	596	-	-	-	749	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-44.5%	9,896	17,816	11,866	15,667	18,780	22,810	22,823	22,016	10,977	11,259	16,391	18,985	8,730	14,251	19,564	13,837	14,505	14,027	19,417	17,765	12,589
Share Based Compensation	-	154	-	-	-	-	-	-	-	-	-	-	-	-	1.00	4.00	6.00	4.00	5.00	6.00	6.00	-12.00
Cashflow From Investing	144.4%	18,856	-42,489	-66,378	-67,951	-56,775	-114,261	-81,203	-185,027	-36,135	-19,684	-771	-34,966	-119,835	-16,333	-59,432	-3,144	43,563	12,304	-106,266	-126,970	-27,827
Cashflow From Financing	-96.9%	2,927	95,416	-41,584	18,657	24,380	-99,214	-146,540	-63,353	78,236	34,556	-5,069	58,396	144,379	152,862	43,351	406,090	21,139	-20,162	-22,629	50,173	130,716
Dividend Payments	-0.4%	6,849	6,876	6,847	6,804	6,861	6,842	6,695	6,727	6,727	6,571	6,568	6,569	6,571	6,581	6,569	6,577	6,604	6,614	6,593	6,593	6,585
Buy Backs	-	-	-	-	-	-	1,525	2,508	2,362	609	-	1,608	733	45.00	-	-	-	3,493	-	-	-	35.00

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TRST Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and dividend income:
Interest and fees on loans	$ 49,804	$ 44,272
Interest and dividends on securities available for sale:
U. S. government sponsored enterprises	906	692
Mortgage-backed securities and collateralized mortgage obligations - residential	1,494	1,585
Corporate bonds	476	521
Small Business Administration-guaranteed participation securities	100	117
Other securities	3	2
Total interest and dividends on securities available for sale	2,979	2,917
Interest on held to maturity securities:
Mortgage-backed securities and collateralized mortgage obligations-residential	68	78
Total interest on held to maturity securities	68	78
Federal Home Loan Bank stock	152	110
Interest on federal funds sold and other short-term investments	6,750	6,555
Total interest income	59,753	53,932
Interest on deposits:
Interest-bearing checking	240	66
Savings accounts	712	530
Money market deposit accounts	2,342	814
Time deposits	19,677	5,272
Interest on short-term borrowings	204	285
Total interest expense	23,175	6,967
Net interest income	36,578	46,965
Provision for credit losses	600	300
Net interest income after provision for credit losses	35,978	46,665
Noninterest income:
Trustco financial services income	1,816	1,774
Fees for services to customers	2,745	2,648
Other	282	247
Total noninterest income	4,843	4,669
Noninterest expenses:
Salaries and employee benefits	11,427	13,283
Net occupancy expense	4,611	4,598
Equipment expense	1,738	1,962
Professional services	1,460	1,607
Outsourced services	2,501	2,296
Advertising expense	408	390
FDIC and other insurance	1,094	1,052
Other real estate expense, net	74	225
Other	1,590	2,266
Total noninterest expenses	24,903	27,679
Income before taxes	15,918	23,655
Income taxes	3,792	5,909
Net income	$ 12,126	$ 17,746
Net income per share:
Basic (in dollars per share)	$ 0.64	$ 0.93
Diluted (in dollars per share)	$ 0.64	$ 0.93

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 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. The company was founded in 1902 and is headquartered in Glenville, New York.

CEO	Mr. Robert Joseph McCormick
WEBSITE	trustcobank.com
INDUSTRY	Banks Diversified
EMPLOYEES	791

TrustCo Bank Corp NY Frequently Asked Questions

What is the ticker symbol for TrustCo Bank Corp NY? What does TRST stand for in stocks?

TRST is the stock ticker symbol of TrustCo Bank Corp NY. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of TrustCo Bank Corp NY (TRST)?

As of Fri May 17 2024, market cap of TrustCo Bank Corp NY is 565.41 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TRST stock?

You can check TRST's fair value in chart for subscribers.

What is the fair value of TRST stock?

You can check TRST's fair value in chart for subscribers. The fair value of TrustCo Bank Corp NY is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of TrustCo Bank Corp NY is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TRST so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is TrustCo Bank Corp NY a good stock to buy?

The fair value guage provides a quick view whether TRST is over valued or under valued. Whether TrustCo Bank Corp NY is cheap or expensive depends on the assumptions which impact TrustCo Bank Corp NY's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TRST.

What is TrustCo Bank Corp NY's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, TRST's PE ratio (Price to Earnings) is 10.66 and Price to Sales (PS) ratio is 2.44. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TRST PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on TrustCo Bank Corp NY's stock?

In the past 10 years, TrustCo Bank Corp NY has provided 0.022 (multiply by 100 for percentage) rate of return.