Home Sectors Financial Services Current Movement: TrustCo Bank (NASDAQ: TRST)

Current Movement: TrustCo Bank (NASDAQ: TRST)

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TrustCo Bank is in the financial services sector and trades as part of the banking industry. The company CEO is Robert J. Mccormick. Trustco Bank Corp N Y is a savings and loan holding company. It is engaged in providing general banking services to individuals, partnerships, and corporations.

Previous Intraday Trading Performance:

The TRST stock showed a previous change of 1.21% with an open at 7.46 and a close of 7.54. It reached an intraday high of 7.58 and a low of 7.45.

SeekingAlpha:  TrustCo bank announces stock repurchase plan

Liquidity:

The stock has a market cap of $730.0m with 96.8m shares outstanding, of which the float is 93.4m shares. Trading volume reached 180,377 shares compared to its average volume of 164,082 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, TrustCo Bank shares returned 1.62% and in the past 30 trading days it returned -5.13%. Over three months, it changed -8.11%. In one year it has changed -12.36% and within that year its 52-week high was 9.45 and its 52-week low was 6.51. TRST stock is 15.82% above its 52 Week Low.

Our calculations show a 200 day moving average of 7.77 and a 50 day moving average of 7.73. Currently TRST stock is trading -3.01% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

SeekingAlpha:  TrustCo bank announces stock repurchase plan

Earnings:

The last annual fiscal EPS for the company was reported at 0.64 that ended on 31st of December 2018, which according to the previous close, that is a PE of 11.78.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 04/22/2019): 0.15
4thQtr of 2018 (Reported on 01/22/2019): 0.17
3rdQtr of 2018 (Reported on 10/22/2018): 0.16
2ndQtr of 2018 (Reported on 07/23/2018): 0.16
1stQtr of 2018 (Reported on 04/23/2018): 0.15

The dividend per share is currently 0.27, which is a dividend yield of 3.61%.

Base on our calculations, the intrinsic value per share is 5.29, which means it may be overvalued by -42.54%.

Indicators to Watch:

The current calculated beta is 1.08.

SeekingAlpha:  The Retirees’ Dividend Portfolio – John And Jane’s May Taxable Account Update: Monthly Income Record

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 13.27%, return on assets is 1.27%, profit margin is 30.43%, price-to-sales is 3.56 and price-to-book is 1.44.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 3  :Past Performance Score
 6  :Financial Strength Score
 0  :Future Growth Score
 4  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.