TRST stock icon

Trustco Bank Corp NY
TRST

$32.93
0.12%

Market Cap: 626M

 

About: Trustco Bank Corp N Y is a savings and loan holding company. The core part of a business consists of accepting deposits and making loans and investments. It offers a range of both personal and business banking services. The company's product includes savings accounts; retirement accounts; money market account; mortgages; building loans; auto loans and others. The Company based on only one business segment, that of community banking. TrustCo lends in the geographic territory of its branch locations in New York, Florida, Massachusetts, New Jersey and Vermont.

Employees: 761

0
Funds holding %
of 6,702 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

2,067% more call options, than puts

Call options by funds: $130K | Put options by funds: $6K

14% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 44

0.44% more ownership

Funds ownership: 68.53% [Q4 2023] → 68.97% (+0.44%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

2% less funds holding

Funds holding: 136 [Q4 2023] → 133 (-3) [Q1 2024]

9% less capital invested

Capital invested by funds: $405M [Q4 2023] → $370M (-$35.2M) [Q1 2024]

18% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 17

Research analyst outlook

We haven’t received any recent analyst ratings for TRST.

Financial journalist opinion

Neutral
GlobeNewsWire
2 months ago
Loans Reach Another All-Time High, Credit Quality Remains Solid; TrustCo Reports Net Income of $12.1 Million and Capital Up 3%
Executive Snapshot: Average Loan portfolio continues to grow: On average, total loans were up $249.4 million or 5.2% for the first quarter 2024 compared to first quarter 2023 Continued solid financial results: Key metrics for first quarter 2024: Net income of $12.1 million versus $9.8 million for the fourth quarter 2023 Net interest income of $36.6 million Return on average assets (ROAA) of 0.80% versus 0.64% for the fourth quarter 2023 Return on average equity (ROAE) of 7.54% versus 6.21% for the fourth quarter 2023 Book value per share at period end was $34.12, up from $33.92 compared to December 31, 2023 Superior asset quality: Nonperforming loans (NPLs) were $18.3 million as of March 31, 2024, down from $19.2 million March 31, 2023, and continue to remain at low levels NPLs to total loans were 0.37% as of March 31, 2024 compared to 0.40% at March 31, 2023 Nonperforming assets (NPAs) to total assets was 0.33% at March 31, 2024 compared to 0.35% at March 31, 2023 Capital continues to grow: Consolidated equity to assets increased 3.3% to 10.51% at March 31, 2024 from 10.17% at March 31, 2023 GLENVILLE, N.Y., April 22, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced first quarter 2024 net income of $12.1 million or $0.64 diluted earnings per share, compared to net income of $17.7 million or $0.93 diluted earnings per share for the first quarter 2023.
Loans Reach Another All-Time High, Credit Quality Remains Solid; TrustCo Reports Net Income of $12.1 Million and Capital Up 3%