TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals, partnerships, and corporations. More Details
No risks detected for TRST from our risk checks.
Flawless balance sheet 6 star dividend payer.
Share Price & News
How has TrustCo Bank Corp NY's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRST is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TRST's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: TRST underperformed the US Mortgage industry which returned 54.5% over the past year.
Return vs Market: TRST underperformed the US Market which returned 55.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is TrustCo Bank Corp NY's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHow Many TrustCo Bank Corp NY (NASDAQ:TRST) Shares Did Insiders Buy, In The Last Year?
1 month ago | Simply Wall StTrustCo Bank Corp NY (NASDAQ:TRST) Pays A US$0.068 Dividend In Just Four Days
1 month ago | Simply Wall StHere's How We Evaluate TrustCo Bank Corp NY's (NASDAQ:TRST) Dividend
Is TrustCo Bank Corp NY undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TRST ($7.53) is trading below our estimate of fair value ($8.44)
Significantly Below Fair Value: TRST is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TRST's PE Ratio (13.9x) is in line with the US Mortgage industry average.
PE vs Market: TRST is good value based on its PE Ratio (13.9x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: TRST is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: TRST is overvalued based on its PB Ratio (1.3x) compared to the US Mortgage industry average (1x).
How is TrustCo Bank Corp NY forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRST's forecast earnings growth (5.5% per year) is above the savings rate (2%).
Earnings vs Market: TRST's earnings (5.5% per year) are forecast to grow slower than the US market (18.7% per year).
High Growth Earnings: TRST's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRST's revenue (4.9% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: TRST's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRST's Return on Equity is forecast to be low in 3 years time (9.5%).
How has TrustCo Bank Corp NY performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRST has high quality earnings.
Growing Profit Margin: TRST's current net profit margins (31.8%) are lower than last year (33.2%).
Past Earnings Growth Analysis
Earnings Trend: TRST's earnings have grown by 7.4% per year over the past 5 years.
Accelerating Growth: TRST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TRST had negative earnings growth (-9.3%) over the past year, making it difficult to compare to the Mortgage industry average (5.3%).
Return on Equity
High ROE: TRST's Return on Equity (9.2%) is considered low.
How is TrustCo Bank Corp NY's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: TRST's Assets to Equity ratio (10.4x) is moderate.
Allowance for Bad Loans: TRST has a sufficient allowance for bad loans (235%).
Low Risk Liabilities: 94% of TRST's liabilities are made up of primarily low risk sources of funding.
Loan Level: TRST has an appropriate level of Loans to Assets ratio (71%).
Low Risk Deposits: TRST's Loans to Deposits ratio (83%) is appropriate.
Level of Bad Loans: TRST has an appropriate level of bad loans (0.5%).
What is TrustCo Bank Corp NY current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRST's dividend (3.62%) is higher than the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: TRST's dividend (3.62%) is in the top 25% of dividend payers in the US market (3.5%)
Stability and Growth of Payments
Stable Dividend: TRST's dividends per share have been stable in the past 10 years.
Growing Dividend: TRST's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.1%), TRST's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRST's dividends in 3 years are forecast to be well covered by earnings (45% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rob McCormick (56 yo)
Mr. Robert Joseph McCormick, also known as Rob, has been President and Chief Executive Officer of TrustCo Bank Corp NY since January 2004 and its Chairman of the Board since January 01, 2019. Mr. McCormick...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD3.16M) is above average for companies of similar size in the US market ($USD2.18M).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
Experienced Management: TRST's management team is seasoned and experienced (11.3 years average tenure).
Experienced Board: TRST's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TRST insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
TrustCo Bank Corp NY's company bio, employee growth, exchange listings and data sources
- Name: TrustCo Bank Corp NY
- Ticker: TRST
- Exchange: NasdaqGS
- Founded: 1902
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$726.204m
- Shares outstanding: 96.44m
- Website: https://www.trustcobank.com
Number of Employees
- TrustCo Bank Corp NY
- 5 Sarnowski Drive
- New York
- United States
TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals, partnerships, and corporations. The compan...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/10 22:14|
|End of Day Share Price||2021/04/09 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.