News stories about TrustCo Bank Corp NY (NASDAQ:TRST) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TrustCo Bank Corp NY earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.9085791656909 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of TrustCo Bank Corp NY (NASDAQ:TRST) traded up 0.65% on Friday, hitting $7.80. The company’s stock had a trading volume of 1,764,829 shares. The firm has a market cap of $749.59 million, a price-to-earnings ratio of 16.70 and a beta of 1.17. TrustCo Bank Corp NY has a 52 week low of $6.60 and a 52 week high of $9.00. The stock’s 50-day moving average price is $7.89 and its 200-day moving average price is $7.91.
TrustCo Bank Corp NY (NASDAQ:TRST) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. TrustCo Bank Corp NY had a return on equity of 10.24% and a net margin of 24.58%. The firm had revenue of $43.05 million for the quarter. During the same period in the prior year, the company earned $0.11 earnings per share. Equities analysts expect that TrustCo Bank Corp NY will post $0.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be given a dividend of $0.0656 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.37%. TrustCo Bank Corp NY’s payout ratio is 56.52%.
Separately, BidaskClub cut TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th.
In other news, Director William D. Powers sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
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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