News stories about TrustCo Bank Corp NY (NASDAQ:TRST) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TrustCo Bank Corp NY earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.6531820330117 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
TRST stock traded up $0.10 during trading hours on Thursday, hitting $9.05. The company’s stock had a trading volume of 321,647 shares, compared to its average volume of 361,754. The company has a market capitalization of $863.04 million, a price-to-earnings ratio of 16.57 and a beta of 1.04. TrustCo Bank Corp NY has a 12 month low of $7.51 and a 12 month high of $9.70.
Get TrustCo Bank Corp NY alerts:TrustCo Bank Corp NY (NASDAQ:TRST) last posted its earnings results on Monday, April 23rd. The bank reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The business had revenue of $43.99 million during the quarter. TrustCo Bank Corp NY had a return on equity of 11.44% and a net margin of 24.77%. During the same period last year, the company earned $0.11 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 2nd. Shareholders of record on Friday, June 1st were given a $0.0656 dividend. This represents a $0.26 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Thursday, May 31st.
Several research firms have weighed in on TRST. BidaskClub lowered shares of TrustCo Bank Corp NY from a “buy” rating to a “hold” rating in a research note on Friday, April 20th. Sandler O’Neill set a $9.00 price objective on shares of TrustCo Bank Corp NY and gave the company a “hold” rating in a research note on Monday, March 26th.
In other TrustCo Bank Corp NY news, Director William D. Powers sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $8.65, for a total value of $173,000.00. Following the completion of 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 hyperlink. Insiders own 3.80% of the company’s stock.
TrustCo Bank Corp NY Company Profile
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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