Media headlines about TrustCo Bank Corp NY (NASDAQ:TRST) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media 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 one, with scores closest to one being the most favorable. TrustCo Bank Corp NY earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.0046341567587 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- CannTrust™ Reports Record Revenue and Patient Growth for the Current Quarter (finance.yahoo.com)
- TrustCo to Release Third Quarter 2017 Results on October 23, 2017; Conference Call on October 24, 2017 (finance.yahoo.com)
- TrustCo to Release Third Quarter 2017 Results on October 23, 2017; Conference Call on October 24, 2017 (feeds.benzinga.com)
- TrustCo Bank Corp NY (TRST) Set to Announce Earnings on Thursday (americanbankingnews.com)
Shares of TrustCo Bank Corp NY (NASDAQ TRST) opened at 9.10 on Wednesday. The company’s 50-day moving average is $8.41 and its 200-day moving average is $7.96. The company has a market cap of $874.52 million, a price-to-earnings ratio of 19.49 and a beta of 1.20. TrustCo Bank Corp NY has a one year low of $6.60 and a one year high of $9.25.
TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. TrustCo Bank Corp NY had a net margin of 24.58% and a return on equity of 10.24%. The business had revenue of $43.05 million during the quarter. During the same period in the previous year, the business posted $0.11 EPS. On average, equities analysts predict that TrustCo Bank Corp NY will post $0.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 1st were paid a $0.0656 dividend. This represents a $0.26 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Wednesday, August 30th. TrustCo Bank Corp NY’s payout ratio is 56.52%.
Separately, BidaskClub lowered shares of TrustCo Bank Corp NY from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th.
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In other news, Director William D. Powers sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $8.00, for a total value of $160,000.00. Following the completion of the transaction, the director now owns 90,651 shares of the company’s stock, valued at $725,208. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.
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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