News stories about TrustCo Bank Corp NY (NASDAQ:TRST) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of 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 daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.6488529292527 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- CannTrust™ Shares to Begin Trading on Monday, August 21 Under the Stock Symbol “TRST” (finance.yahoo.com)
- TrustCo Bank Corp NY (TRST) Announces Quarterly Dividend of $0.07 (americanbankingnews.com)
- TrustCo Bank Corp. NY breached its 50 day moving average in a Bearish Manner : TRST-US : August 11, 2017 (finance.yahoo.com)
- Trustco Bank Corp N Y Buys Medtronic PLC, Bristol-Myers Squibb Company, Automatic Data … (nasdaq.com)
Separately, BidaskClub downgraded TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a research report on Monday.
Shares of TrustCo Bank Corp NY (NASDAQ:TRST) opened at 7.75 on Friday. TrustCo Bank Corp NY has a 52-week low of $6.60 and a 52-week high of $9.00. The stock has a market cap of $744.78 million, a P/E ratio of 16.60 and a beta of 1.17. The firm’s 50-day moving average price is $7.89 and its 200-day moving average price is $7.92.
TrustCo Bank Corp NY (NASDAQ:TRST) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The business had revenue of $43.05 million for the quarter. TrustCo Bank Corp NY had a net margin of 24.58% and a return on equity of 10.24%. During the same quarter in the previous year, the firm earned $0.11 EPS. Equities analysts predict that TrustCo Bank Corp NY will post $0.49 EPS for the current year.
The firm 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. This represents a $0.26 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Wednesday, August 30th. TrustCo Bank Corp NY’s dividend payout ratio is 56.52%.
In other news, Director William D. Powers sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $8.00, for a total transaction of $160,000.00. Following the sale, the director now directly owns 90,651 shares in the company, valued at approximately $725,208. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.
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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