TRST Stock Summary and Trading Ideas (Trustco Bank Ny | NASDAQ:TRST)

Trustco Bank Corp N Y is a savings and loan holding company. The core part of a business consists of accepting deposits and making loans and investments. It offers a range of both personal and business banking services. The company's product includes savings accounts; retirement accounts; money market account; mortgages; building loans; auto loans and others. The Company based on only one business segment, that of community banking. TrustCo lends in the geographic territory of its branch locations in New York, Florida, Massachusetts, New Jersey and Vermont.

Trustco Bank Ny trades on the NASDAQ stock market under the symbol TRST.

As of October 4, 2024, TRST stock price climbed to $32.23 with 44,569 million shares trading.

TRST has a beta of 0.61, meaning it tends to be less sensitive to market movements. TRST has a correlation of 0.08 to the broad based SPY ETF.

TRST has a market cap of $613.14 million. This is considered a Small Cap stock.

Last quarter Trustco Bank Ny reported $43 million in Revenue and $.66 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.13.

In the last 3 years, TRST traded as high as $39.36 and as low as $23.78.

The top ETF exchange traded funds that TRST belongs to (by Net Assets): IJR, VTI, IWM, VXF, AVUV.

TRST has underperformed the market in the last year with a price return of +24.8% while the SPY ETF gained +36.6%. However, in the short term, TRST had mixed performance relative to the market. It has outperformed in the last 3 months, returning +15.0% vs +4.2% return in SPY. But in the last 2 weeks, TRST shares have been beat by the market, returning -4.2% compared to an SPY return of +0.8%.

TRST support price is $31.19 and resistance is $32.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TRST shares will trade within this expected range on the day.