TrustCo Bank Corp NY (TRST) Receives Media Sentiment Rating of 0.13
News headlines about TrustCo Bank Corp NY (NASDAQ:TRST) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. 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 Corp NY earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.8138650870852 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of TrustCo Bank Corp NY (TRST) traded down $0.10 during midday trading on Friday, hitting $8.70. The stock had a trading volume of 135,200 shares, compared to its average volume of 289,677. TrustCo Bank Corp NY has a 52 week low of $7.25 and a 52 week high of $9.38. The stock has a market capitalization of $845.75, a P/E ratio of 18.33 and a beta of 1.20.
TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Monday, October 23rd. The bank reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. TrustCo Bank Corp NY had a return on equity of 10.51% and a net margin of 25.16%. The company had revenue of $44.03 million during the quarter. During the same period in the previous year, the company earned $0.11 EPS.
TRST has been the subject of several analyst reports. BidaskClub downgraded TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Canaccord Genuity reaffirmed a “speculative buy” rating and issued a $7.25 target price on shares of TrustCo Bank Corp NY in a research report on Wednesday, October 18th.
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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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