TrustCo Bank Corp NY (NASDAQ: TRST) has reported E.P.S. of $0.64 for its first fiscal quarter (ending March 31) versus $0.93 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $2.79 compared to $3.97 a year ago.
Recent Price Action
TrustCo Bank Corp NY (NASDAQ: TRST) stock declined slightly by -0.6% on 4/22/24. The stock closed at $26.78. This decline was accompanied by normal trading volume. The stock has risen 2.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
TRST is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
TrustCo Bank has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. TrustCo Bank has a good Appreciation Score of 74 but a slightly negative Power Rating of 37, triggering the Neutral Value Trend Rating.
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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