News stories about TrustCo Bank Corp NY (NASDAQ:TRST) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. TrustCo Bank Corp NY earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 44.8860520007873 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of research analysts recently issued reports on TRST shares. BidaskClub lowered shares of TrustCo Bank Corp NY from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Canaccord Genuity raised their price objective on shares of TrustCo Bank Corp NY from $7.25 to $9.50 in a report on Monday, December 4th. Finally, Sandler O’Neill set a $10.00 price objective on shares of TrustCo Bank Corp NY and gave the company a “hold” rating in a report on Wednesday, January 3rd.
TrustCo Bank Corp NY (TRST) opened at $8.85 on Monday. The stock has a market cap of $852.16, a P/E ratio of 19.67 and a beta of 1.11. TrustCo Bank Corp NY has a fifty-two week low of $7.25 and a fifty-two week high of $9.70.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 2nd will be issued a $0.0656 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.26 dividend on an annualized basis and a yield of 2.97%. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is presently 57.78%.
In other TrustCo Bank Corp NY news, Director William D. Powers sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $9.52, for a total transaction of $47,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gennaro Dennis A. De purchased 4,000 shares of the stock in a transaction on Friday, January 26th. The shares were purchased at an average price of $8.80 per share, with a total value of $35,200.00. Following the acquisition, the director now owns 102,280 shares in the company, valued at approximately $900,064. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by company insiders.
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TrustCo Bank Corp NY Company Profile
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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