TrustCo Bank Corp NY (TRST) Scheduled to Post Earnings on Monday

TrustCo Bank Corp NY (NASDAQ:TRST) is scheduled to announce its earnings results after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

TrustCo Bank Corp NY (NASDAQ:TRST) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.52 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.14). TrustCo Bank Corp NY had a return on equity of 9.36% and a net margin of 23.98%. The business had revenue of $63.11 million for the quarter, compared to the consensus estimate of $44.90 million. During the same period in the prior year, the business posted $1.10 earnings per share. On average, analysts expect TrustCo Bank Corp NY to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TrustCo Bank Corp NY Trading Up 3.7 %

Shares of TRST opened at $26.93 on Friday. TrustCo Bank Corp NY has a 12 month low of $23.78 and a 12 month high of $32.10. The firm’s 50 day moving average is $27.32 and its 200-day moving average is $28.03. The stock has a market capitalization of $512.21 million, a PE ratio of 8.74 and a beta of 0.84.

TrustCo Bank Corp NY Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.44 dividend on an annualized basis and a yield of 5.35%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is 46.75%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd.

Insiders Place Their Bets

In other TrustCo Bank Corp NY news, COO Kevin M. Curley purchased 916 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were bought at an average price of $27.30 per share, for a total transaction of $25,006.80. Following the completion of the acquisition, the chief operating officer now owns 34,766 shares in the company, valued at $949,111.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Kevin M. Curley bought 916 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average price of $27.30 per share, for a total transaction of $25,006.80. Following the completion of the acquisition, the chief operating officer now directly owns 34,766 shares in the company, valued at $949,111.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric W. Schreck bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $28.44 per share, for a total transaction of $28,440.00. Following the acquisition, the executive vice president now owns 41,407 shares of the company’s stock, valued at $1,177,615.08. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 2,879 shares of company stock valued at $80,023. 3.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TrustCo Bank Corp NY

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in TrustCo Bank Corp NY by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 1,311,620 shares of the bank’s stock worth $40,726,000 after purchasing an additional 48,795 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in TrustCo Bank Corp NY by 4.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,894 shares of the bank’s stock worth $370,000 after purchasing an additional 515 shares in the last quarter. Legal & General Group Plc grew its position in TrustCo Bank Corp NY by 2.6% in the 4th quarter. Legal & General Group Plc now owns 51,552 shares of the bank’s stock worth $1,601,000 after purchasing an additional 1,321 shares in the last quarter. Barclays PLC boosted its stake in TrustCo Bank Corp NY by 63.2% in the fourth quarter. Barclays PLC now owns 39,536 shares of the bank’s stock valued at $1,227,000 after acquiring an additional 15,316 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in TrustCo Bank Corp NY by 67.9% in the fourth quarter. Public Sector Pension Investment Board now owns 39,485 shares of the bank’s stock valued at $1,226,000 after acquiring an additional 15,971 shares during the last quarter. 68.57% of the stock is owned by institutional investors.

TrustCo Bank Corp NY Company Profile

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.