Earnings Report: Here’s what to expect from TrustCo Bank Corp NY (NASDAQ:TRST)

Earnings results for TrustCo Bank Corp NY (NASDAQ:TRST)

TrustCo Bank Corp NY is expected* to report earnings on 07/21/2021 after market close. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.69. The reported EPS for the same quarter last year was $0.6.

TrustCo Bank Corp NY last announced its earnings results on April 20th, 2021. The bank reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The company earned $44.54 million during the quarter, compared to analysts’ expectations of $43.77 million. TrustCo Bank Corp NY has generated $2.70 earnings per share over the last year and currently has a price-to-earnings ratio of 11.8. TrustCo Bank Corp NY has confirmed that its next quarterly earnings report will be published on Wednesday, July 21st, 2021. TrustCo Bank Corp NY will be holding an earnings conference call on Thursday, July 22nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode “10158543”.

Analyst Opinion on TrustCo Bank Corp NY (NASDAQ:TRST)

1 Wall Street analysts have issued ratings and price targets for TrustCo Bank Corp NY in the last 12 months. Their average twelve-month price target is $6.50, predicting that the stock has a possible downside of 80.33%. The high price target for TRST is $6.50 and the low price target for TRST is $6.50. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”

TrustCo Bank Corp NY has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $6.50, TrustCo Bank Corp NY has a forecasted downside of 80.3% from its current price of $33.05. TrustCo Bank Corp NY has received no research coverage in the past 90 days.

Dividend Strength: TrustCo Bank Corp NY (NASDAQ:TRST)

TrustCo Bank Corp NY is a leading dividend payer. It pays a dividend yield of 4.18%, putting its dividend yield in the top 25% of dividend-paying stocks. TrustCo Bank Corp NY does not have a long track record of dividend growth. The dividend payout ratio of TrustCo Bank Corp NY is 50.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TrustCo Bank Corp NY will have a dividend payout ratio of 46.90% next year. This indicates that TrustCo Bank Corp NY will be able to sustain or increase its dividend.

Insiders buying/selling: TrustCo Bank Corp NY (NASDAQ:TRST)

In the past three months, TrustCo Bank Corp NY insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $25,346.00 in company stock and sold $0.00 in company stock. Only 2.90% of the stock of TrustCo Bank Corp NY is held by insiders.

Earnings and Valuation of TrustCo Bank Corp NY (NASDAQ:TRST

Earnings for TrustCo Bank Corp NY are expected to grow by 2.84% in the coming year, from $2.82 to $2.90 per share. The P/E ratio of TrustCo Bank Corp NY is 11.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 20.45. The P/E ratio of TrustCo Bank Corp NY is 11.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.57. TrustCo Bank Corp NY has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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