TrustCo Bank Corp NY (NASDAQ:TRST – Get Free Report) and BayFirst Financial (NASDAQ:BAFN – Get Free Report) are both small-cap finance companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, valuation, earnings, risk, dividends, profitability and analyst recommendations.
Profitability
This table compares TrustCo Bank Corp NY and BayFirst Financial’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| TrustCo Bank Corp NY | 22.83% | 10.00% | 1.02% |
| BayFirst Financial | -80.74% | -101.15% | -4.83% |
Analyst Recommendations
This is a summary of current ratings for TrustCo Bank Corp NY and BayFirst Financial, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| TrustCo Bank Corp NY | 0 | 0 | 0 | 1 | 4.00 |
| BayFirst Financial | 1 | 0 | 0 | 0 | 1.00 |
Institutional and Insider Ownership
68.6% of TrustCo Bank Corp NY shares are held by institutional investors. Comparatively, 16.9% of BayFirst Financial shares are held by institutional investors. 3.4% of TrustCo Bank Corp NY shares are held by insiders. Comparatively, 56.6% of BayFirst Financial shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Earnings & Valuation
This table compares TrustCo Bank Corp NY and BayFirst Financial”s gross revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| TrustCo Bank Corp NY | $278.36 million | 3.41 | $61.14 million | $3.60 | 15.48 |
| BayFirst Financial | $104.19 million | 1.78 | -$22.94 million | ($14.88) | -0.46 |
TrustCo Bank Corp NY has higher revenue and earnings than BayFirst Financial. BayFirst Financial is trading at a lower price-to-earnings ratio than TrustCo Bank Corp NY, indicating that it is currently the more affordable of the two stocks.
Volatility and Risk
TrustCo Bank Corp NY has a beta of 0.65, meaning that its share price is 35% less volatile than the S&P 500. Comparatively, BayFirst Financial has a beta of 0.52, meaning that its share price is 48% less volatile than the S&P 500.
Summary
TrustCo Bank Corp NY beats BayFirst Financial on 12 of the 13 factors compared between the two stocks.
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 and businesses. 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. It operates through banking offices in Albany, Columbia, Dutchess, Greene, Montgomery, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Ulster, Warren, Washington, and Westchester counties of New York; Brevard, Charlotte, Flagler, Hillsborough, Indian River, Lake, Manatee, Martin, Orange, Osceola, Palm Beach, Polk, Sarasota, Seminole, and Volusia counties in Florida; Bennington County in Vermont; Berkshire County in Massachusetts; and Bergen County in New Jersey, as well as automatic teller machines. The company was founded in 1902 and is headquartered in Glenville, New York.
About BayFirst Financial
BayFirst Financial Corp. operates as the bank holding company for BayFirst National Bank that provides community banking services for businesses and individuals. The company offers checking, savings, NOW, and money market deposit accounts, as well as certificates of deposit and individual retirement account; and safety deposit boxes. It also provides commercial real estate mortgages; construction and development, working capital, and business loans; auto, boat, and recreational vehicle loans; and residential mortgages, personal lines of credit, and home equity lines of credit. In addition, the company offers mobile and online banking, treasury management, wire transfers, cash management, merchant processing, remote deposit capture, night depositor, online bill payment, courier, retail investment, ACH originations, and other services. It operates full-service banking centers in St. Petersburg, Seminole, Pinellas Park, Clearwater, Sarasota, Tampa, Belleair Bluffs, and Bradenton, Florida. The company was formerly known as First Home Bancorp, Inc. and changed its name to BayFirst Financial Corp. in May 2021. BayFirst Financial Corp. was founded in 1999 and is headquartered in St. Petersburg, Florida.
Receive News & Ratings for TrustCo Bank Corp NY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrustCo Bank Corp NY and related companies with MarketBeat.com's FREE daily email newsletter.
