Insider Buying: Robert J. Mccormick Acquires 3,753 Shares of TrustCo Bank Corp. Stock (TRST)
TrustCo Bank Corp. (NASDAQ:TRST) CEO Robert J. Mccormick acquired 3,753 shares of TrustCo Bank Corp. stock on the open market in a transaction dated Friday, May 23rd. The shares were purchased at an average cost of $6.66 per share, for a total transaction of $24,994.98. Following the completion of the transaction, the chief executive officer now directly owns 710,925 shares of the company’s stock, valued at approximately $4,734,761. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Sandler O’Neill downgraded shares of TrustCo Bank Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday.
TrustCo Bank Corp. (NASDAQ:TRST) opened at 6.44 on Friday. TrustCo Bank Corp. has a 52-week low of $5.29 and a 52-week high of $7.67. The stock has a 50-day moving average of $6.64 and a 200-day moving average of $6.87. The company has a market cap of $609.6 million and a P/E ratio of 14.74.
TrustCo Bank Corp. (NASDAQ:TRST) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.01. During the same quarter in the prior year, the company posted $0.10 earnings per share. Analysts expect that TrustCo Bank Corp. will post $0.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a dividend of $0.0656 per share. This represents a $0.26 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Wednesday, June 4th.
TrustCo Bank Corp NY (NASDAQ:TRST) is a savings and loan holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.