TrustCo Bank Corp NY (TRST) Receiving Somewhat Positive Media Coverage, Report Shows
Press coverage about TrustCo Bank Corp NY (NASDAQ:TRST) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TrustCo Bank Corp NY earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.1329451994392 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Separately, BidaskClub upgraded shares of TrustCo Bank Corp NY from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th.
TrustCo Bank Corp NY (NASDAQ TRST) opened at 9.15 on Friday. TrustCo Bank Corp NY has a 12 month low of $6.60 and a 12 month high of $9.20. The company’s 50-day moving average is $8.18 and its 200-day moving average is $7.90. The company has a market cap of $879.32 million, a P/E ratio of 19.59 and a beta of 1.20.
TrustCo Bank Corp NY (NASDAQ:TRST) last released its earnings results on Friday, July 21st. The bank reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $43.05 million during the quarter. TrustCo Bank Corp NY had a net margin of 24.58% and a return on equity of 10.24%. During the same quarter last year, the business earned $0.11 earnings per share. On average, equities research analysts expect that TrustCo Bank Corp NY will post $0.49 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 1st were paid a $0.0656 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Wednesday, August 30th. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is presently 56.52%.
In other TrustCo Bank Corp NY news, Director William D. Powers sold 20,000 shares of TrustCo Bank Corp NY stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $8.00, for a total transaction of $160,000.00. Following the completion of the sale, the director now directly owns 90,651 shares in the company, valued at approximately $725,208. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.
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About TrustCo Bank Corp NY
TrustCo Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. It operates through community banking segment. The Bank’s business consists of accepting deposits and making loans and investments.
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