TrustCo Bank Corp NY (NASDAQ: TRST) has reported earnings for its second fiscal quarter (ending June 30) of $0.66 versus $0.86 for the same period a year ago — a decline of -23%. However, this performance was $0.13 better than the consensus estimate of $0.53. For the latest four quarters through June 30, E.P.S. were $2.59 versus $3.90 for the same period a year ago — a decline of -34%.
Recent Price Action
TrustCo Bank Corp NY (NASDAQ: TRST) stock increased 1.4% on 7/22/24. The shares closed at $33.03. Moreover, this advance was accompanied by above average trading volume at 122% of normal. The stock has risen 8.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
TRST’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
TrustCo Bank has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. TrustCo Bank has a slightly positive Appreciation Score of 67 but a poor Power Rating of 27, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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