TrustCo Bank Corp NY (NASDAQ:TRST) SVP Eric W. Schreck sold 1,760 shares of TrustCo Bank Corp NY stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $8.66, for a total value of $15,241.60. Following the completion of the sale, the senior vice president now directly owns 90,277 shares of the company’s stock, valued at $781,798.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
TrustCo Bank Corp NY (NASDAQ:TRST) opened at $8.65 on Friday. TrustCo Bank Corp NY has a 12-month low of $7.25 and a 12-month high of $9.70. The stock has a market capitalization of $847.34, a price-to-earnings ratio of 19.22 and a beta of 1.11.
TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.13 earnings per share (EPS) for the quarter. TrustCo Bank Corp NY had a return on equity of 10.73% and a net margin of 23.03%. The business had revenue of $43.54 million for the quarter.
Several equities research analysts have recently commented on the company. Canaccord Genuity lifted their target price on TrustCo Bank Corp NY from $7.25 to $9.50 in a research note on Monday, December 4th. BidaskClub cut TrustCo Bank Corp NY from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Sandler O’Neill set a $10.00 target price on TrustCo Bank Corp NY and gave the company a “hold” rating in a research note on Wednesday, January 3rd.
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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