TrustCo Bank Corp NY (NASDAQ: TRST) has reported earnings for its third fiscal quarter (ending September 30) of $0.68 versus $0.77 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $2.49 compared to $3.67 a year ago.
Recent Price Action
On 10/21/24, TrustCo Bank Corp NY (NASDAQ: TRST) stock declined by -3.6%, closing at $32.58. Moreover, this decline was accompanied by above average trading volume at 129% of normal. Relative to the market the stock has been strong over the last nine months but has declined -0.6% during the last week.
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 A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. TrustCo Bank has a slightly positive Appreciation Score of 70 and a good Power Rating of 79, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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