News headlines about TrustCo Bank Corp NY (NASDAQ:TRST) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public 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 gave news articles about the bank an impact score of 46.5941406386343 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of TRST stock opened at $8.45 on Monday. TrustCo Bank Corp NY has a fifty-two week low of $7.25 and a fifty-two week high of $9.70. The stock has a market capitalization of $814.20, a price-to-earnings ratio of 16.90 and a beta of 1.08.
TrustCo Bank Corp NY (NASDAQ:TRST) last issued its earnings results on Monday, January 22nd. The bank reported $0.13 earnings per share for the quarter. TrustCo Bank Corp NY had a return on equity of 10.73% and a net margin of 23.03%. The company had revenue of $43.54 million for the quarter.
Several research analysts have weighed in on TRST shares. Sandler O’Neill set a $10.00 target price on TrustCo Bank Corp NY and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub lowered TrustCo Bank Corp NY from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Canaccord Genuity upped their target price on TrustCo Bank Corp NY from $7.25 to $9.50 in a research report on Monday, December 4th.
In related news, Director Gennaro Dennis A. De purchased 4,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was bought at an average price of $8.80 per share, for a total transaction of $35,200.00. Following the purchase, the director now owns 102,280 shares in the company, valued at approximately $900,064. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.
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About TrustCo Bank Corp NY
TrustCo Bank Corp NY operates as the holding company for Trustco Bank that provides personal and business banking services to individuals, partnerships, and corporations. The company is primarily involved in accepting deposits, and making 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.
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