Analyzing TrustCo Bank Corp NY (TRST) & Its Peers
TrustCo Bank Corp NY (NASDAQ: TRST) is one of 331 publicly-traded companies in the “Banks” industry, but how does it compare to its peers? We will compare TrustCo Bank Corp NY to similar companies based on the strength of its analyst recommendations, dividends, profitability, risk, institutional ownership, earnings and valuation.
This is a summary of recent recommendations for TrustCo Bank Corp NY and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|TrustCo Bank Corp NY||0||1||0||0||2.00|
|TrustCo Bank Corp NY Competitors||2080||8250||8358||323||2.36|
TrustCo Bank Corp NY currently has a consensus price target of $7.25, indicating a potential downside of 20.33%. As a group, “Banks” companies have a potential downside of 7.74%. Given TrustCo Bank Corp NY’s peers stronger consensus rating and higher probable upside, analysts clearly believe TrustCo Bank Corp NY has less favorable growth aspects than its peers.
TrustCo Bank Corp NY pays an annual dividend of $0.26 per share and has a dividend yield of 2.9%. TrustCo Bank Corp NY pays out 54.2% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 2.1% and pay out 36.8% of their earnings in the form of a dividend.
Earnings & Valuation
This table compares TrustCo Bank Corp NY and its peers gross revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|TrustCo Bank Corp NY||$165.49 million||N/A||18.96|
|TrustCo Bank Corp NY Competitors||N/A||N/A||19.44|
TrustCo Bank Corp NY is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Volatility & Risk
TrustCo Bank Corp NY has a beta of 1.2, indicating that its stock price is 20% more volatile than the S&P 500. Comparatively, TrustCo Bank Corp NY’s peers have a beta of 0.78, indicating that their average stock price is 22% less volatile than the S&P 500.
Institutional and Insider Ownership
57.7% of TrustCo Bank Corp NY shares are owned by institutional investors. Comparatively, 52.4% of shares of all “Banks” companies are owned by institutional investors. 0.2% of TrustCo Bank Corp NY shares are owned by company insiders. Comparatively, 10.5% of shares of all “Banks” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
This table compares TrustCo Bank Corp NY and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|TrustCo Bank Corp NY||25.16%||10.51%||0.95%|
|TrustCo Bank Corp NY Competitors||18.88%||8.84%||0.94%|
TrustCo Bank Corp NY Company Profile
TrustCo Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. It operates through community banking segment. The Bank’s business consists of accepting deposits and making loans and investments. The Bank provides both personal and business banking services. The Bank’s subsidiary, Trustco Realty Corp., is a real estate investment trust (REIT) formed to acquire, hold and manage real estate mortgage assets, including residential mortgage loans and mortgage backed securities. The Bank’s trust department operates under the name, Trustco Financial Services, and serves as executor of estates and trustee of personal trusts, provides asset and wealth management services, and provides estate planning and related advice, provides custodial services.
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