TrustCo Bank Corp NY (TRST) Earns Daily Media Impact Rating of 0.12
Press coverage about TrustCo Bank Corp NY (NASDAQ:TRST) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. TrustCo Bank Corp NY earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 47.2141732771778 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
TrustCo Bank Corp NY (TRST) opened at $9.05 on Wednesday. The stock has a market capitalization of $879.38, a price-to-earnings ratio of 18.85 and a beta of 1.19. TrustCo Bank Corp NY has a 12-month low of $7.25 and a 12-month high of $9.70.
TrustCo Bank Corp NY (NASDAQ:TRST) last announced its earnings results on Monday, October 23rd. The bank reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The business had revenue of $44.03 million during the quarter. TrustCo Bank Corp NY had a return on equity of 10.51% and a net margin of 25.16%. During the same period in the prior year, the business earned $0.11 earnings per share.
Several equities research analysts recently weighed in on TRST shares. BidaskClub downgraded 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 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 target price on TrustCo Bank Corp NY and gave the stock a “hold” rating in a research report on Wednesday, January 3rd.
In related news, Director William D. Powers sold 5,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $9.52, for a total transaction of $47,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by company insiders.
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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