Trustco Bank Corp [NASDAQ: TRST] loss 0.00% or 0.0 points to close at $39.79 with a heavy trading volume of 154550 shares.
It opened the trading session at $39.69, the shares rose to $40.02 and dropped to $39.57, the range by which the price of stock traded the whole day. The daily chart for TRST points out that the company has recorded 20.54% gains over the past six months.
If we look at the average trading volume of 103.78K shares, TRST reached to a volume of 154550 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Trustco Bank Corp [TRST]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TRST shares is $26.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TRST stock is a recommendation set at 5.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Trustco Bank Corp shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 25, 2023. The new note on the price target was released on January 25, 2021, representing the official price target for Trustco Bank Corp stock. Previously, the target price had yet another raise from $5.50 to $6.50, while Piper Sandler kept a Overweight rating on TRST stock.
The Price to Book ratio for the last quarter was 1.08. Price to Free Cash Flow for TRST in the course of the last twelve months was 15.24.
Trading performance analysis for TRST stock
Trustco Bank Corp [TRST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.99. With this latest performance, TRST shares gained by 18.56% in over the last four-week period, additionally plugging by 20.54% over the last 6 months – not to mention a rise of 19.45% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TRST stock in for the last two-week period is set at 82.24, with the RSI for the last a single of trading hit 0.77, and the three-weeks RSI is set at 0.77 for Trustco Bank Corp [TRST]. The present Moving Average for the last 50 days of trading for this stock 34.91, while it was recorded at 39.19 for the last single week of trading, and 33.01 for the last 200 days.
Trustco Bank Corp [TRST]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Trustco Bank Corp [TRST] shares currently have an operating margin of 22.09%. Trustco Bank Corp’s Net Margin is presently recorded at 19.94%.
Trustco Bank Corp (TRST) Capital Structure & Debt Analysis
According to recent financial data for Trustco Bank Corp. ( TRST), the Return on Equity (ROE) stands at 7.93%, suggesting modest shareholder returns. The Return on Assets (ROA) is 0.86%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Trustco Bank Corp’s Return on Invested Capital (ROIC) is 7.35%, showcasing its effectiveness in deploying capital for earnings.
Trustco Bank Corp (TRST) Efficiency & Liquidity Metrics
Based on Trustco Bank Corp’s (TRST) latest financial statements, the Debt-to-Equity Ratio is 0.18%, indicating its reliance on debt financing relative to shareholder equity.
Trustco Bank Corp (TRST) Efficiency & Liquidity Metrics
Trustco Bank Corp [TRST]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Trustco Bank Corp posted 0.77/share EPS, while the average EPS was predicted by analysts to be reported at 0.76/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TRST.
An analysis of Institutional ownership at Trustco Bank Corp [TRST]
There are presently around $80.92%, or 83.78%% of TRST stock, in the hands of institutional investors. The top three institutional holders of TRST stocks are: BLACKROCK INC. with ownership of 2.74 million shares, which is approximately 14.4188%. VANGUARD GROUP INC, holding 1.33 million shares of the stock with an approximate value of $$38.16 million in TRST stocks shares; and VANGUARD GROUP INC, currently with $$34.59 million in TRST stock with ownership which is approximately 6.3204%.
