Trustco Bank Corp N Y (NASDAQ:TRST) Sentiment Increased, Despite

January 21, 2018 - By Stephen Andrade

 Trustco Bank Corp N Y (NASDAQ:TRST) Sentiment  Increased,  Despite

Sentiment for Trustco Bank Corp N Y (NASDAQ:TRST)

Trustco Bank Corp N Y (NASDAQ:TRST) institutional sentiment increased to 1.75 in 2017 Q3. Its up 0.43, from 1.32 in 2017Q2. The ratio is positive, as 70 funds increased and opened new positions, while 40 sold and reduced stakes in Trustco Bank Corp N Y. The funds in our partner’s database now have: 55.96 million shares, up from 55.06 million shares in 2017Q2. Also, the number of funds holding Trustco Bank Corp N Y in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 4 Reduced: 36 Increased: 45 New Position: 25.

TrustCo Bank Corp NY operates as the holding firm for Trustco Bank that provides personal and business banking services to individuals, partnerships, and firms. The company has market cap of $879.39 million. The firm is primarily involved in accepting deposits, and making loans and investments. It has a 18.9 P/E ratio. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage backed securities.

The stock increased 0.55% or $0.05 during the last trading session, reaching $9.15. About 396,030 shares traded or 13.55% up from the average. TrustCo Bank Corp NY (NASDAQ:TRST) has risen 18.11% since January 21, 2017 and is uptrending. It has outperformed by 1.41% the S&P500.

Trustco Bank Corp N Y holds 9.13% of its portfolio in TrustCo Bank Corp NY for 1.06 million shares. Nj State Employees Deferred Compensation Plan owns 170,000 shares or 0.27% of their US portfolio. Moreover, Jbf Capital Inc. has 0.26% invested in the company for 260,000 shares. The New York-based Adirondack Research & Management Inc. has invested 0.21% in the stock. Systematic Financial Management Lp, a New Jersey-based fund reported 945,491 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $160,000 activity.

TrustCo Bank Corp NY (NASDAQ:TRST) Ratings Coverage

Ratings analysis reveals 0 of TrustCo Bank Corp’s analysts are positive. Out of 4 Wall Street analysts rating TrustCo Bank Corp, 0 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $6 while the high is $9.5. The stock’s average target of $7.17 is -21.64% below today’s ($9.15) share price. TRST was included in 7 notes of analysts from July 23, 2015. The rating was maintained by Sandler O’Neill with “Hold” on Wednesday, January 3. As per Thursday, July 23, the company rating was downgraded by Bruyette & Woods”. The rating was upgraded by Wood on Wednesday, October 7 to “Market Perform”. The stock has “Hold” rating by Zacks on Wednesday, August 12. The firm has “Mkt Perform” rating by Keefe Bruyette & Woods given on Wednesday, October 7.

More notable recent TrustCo Bank Corp NY (NASDAQ:TRST) news were published by: Seekingalpha.com which released: “TrustCo: A Dazzling Regional Bank” on July 24, 2017, also Globenewswire.com with their article: “TrustCo to Release Fourth Quarter 2017 Results on January 22, 2018; Conference …” published on January 12, 2018, Streetinsider.com published: “TrustCo Bank (TRST) Appoints Lisa Reutter to Board” on November 21, 2017. More interesting news about TrustCo Bank Corp NY (NASDAQ:TRST) were released by: Seekingalpha.com and their article: “TrustCo Bank’s (TRST) CEO Robert McCormick on Q3 2017 Results – Earnings Call …” published on October 24, 2017 as well as Nasdaq.com‘s news article titled: “TrustCo Bank Corp NY (TRST) Ex-Dividend Date Scheduled for November 30, 2017” with publication date: November 29, 2017.

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