TrustCo Bank Corp NY (TRST) Receiving Somewhat Positive Media Coverage, Study Finds

News coverage about TrustCo Bank Corp NY (NASDAQ:TRST) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news 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 one, with scores closest to one being the most favorable. TrustCo Bank Corp NY earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.6838915078269 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Several equities research analysts recently commented on TRST shares. BidaskClub raised TrustCo Bank Corp NY from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Canaccord Genuity reaffirmed a “speculative buy” rating and issued a $7.25 price target on shares of TrustCo Bank Corp NY in a report on Wednesday, October 18th.

Shares of TrustCo Bank Corp NY (TRST) opened at $9.30 on Friday. TrustCo Bank Corp NY has a fifty-two week low of $7.25 and a fifty-two week high of $9.70. The company has a market capitalization of $898.61, a P/E ratio of 19.48 and a beta of 1.19.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings results on Monday, October 23rd. The bank reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. TrustCo Bank Corp NY had a return on equity of 10.51% and a net margin of 25.16%. The firm had revenue of $44.03 million during the quarter. During the same period in the prior year, the business posted $0.11 EPS.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be issued a $65625.00 dividend. This represents a $262,500.00 annualized dividend and a dividend yield of 2,822,580.65%. The ex-dividend date is Thursday, November 30th. This is a boost from TrustCo Bank Corp NY’s previous quarterly dividend of $0.07. TrustCo Bank Corp NY’s dividend payout ratio (DPR) is currently 54.17%.

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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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