TrustCo Bank Corp NY (NASDAQ:TRST)

CAPS Rating: 4 out of 5

A savings and loan holding company, through its subsidiary, Trustco Bank, is engaged in providing general banking services to individuals, partnerships and corporations.

Results 1 - 16 of 16

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Member Avatar karlsmq (< 20) Submitted: 12/28/2013 2:19:46 PM : Outperform Start Price: $7.04 TRST Score: -12.45

WELL CAPITALIZED

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Member Avatar maniacdog (< 20) Submitted: 7/12/2011 2:30:53 PM : Outperform Start Price: $4.22 TRST Score: +10.25

Way to much insider buying, plus earnings in a week, I am a beleiver

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Member Avatar ayaghsizian (95.17) Submitted: 11/1/2010 9:21:00 PM : Outperform Start Price: $4.46 TRST Score: -15.37

low price, good company

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Member Avatar mballiet (57.34) Submitted: 10/21/2010 2:31:26 AM : Outperform Start Price: $4.58 TRST Score: -20.87

Price/Book = 1.65%. Stock hasn't bounce up too much from 2009 low. TrustCo has paid a dividend for 20+ years. Republican's historically support Main St. banks. Big bank backlash could benefit regional banks. This one is a safe gamble.

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Member Avatar Crucible151 (< 20) Submitted: 10/16/2010 5:05:01 AM : Outperform Start Price: $4.53 TRST Score: -20.17

Coming from personal experience. I love the way this bank does business. After a nightmare experience with everyone's favorite love to hate institution (Bank of America).

I walked into Trustco and had a surprisingly great experience. I firmly believe this type of service will make them that much more popular as they grow in coming years.

A nice dividend does hurt while you wait too! : )

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Member Avatar msIRA (99.99) Submitted: 6/15/2010 1:42:57 PM : Outperform Start Price: $4.87 TRST Score: -41.44

A valuemoney pick.

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Member Avatar FutureIsComing (59.36) Submitted: 4/12/2010 1:33:55 PM : Outperform Start Price: $5.12 TRST Score: -34.88

Well run bank that never got involved with subprime. Will be in competitive shape for the recovery

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Member Avatar mrindependent (35.68) Submitted: 2/9/2010 11:18:55 PM : Outperform Start Price: $4.45 TRST Score: -34.88

Thanks to ValueMoney for making me aware of this opportunity. Trustco Bank sailed through 2007, 2008 and 2009 with no losing quarters and no major surprises. On a going forward basis, the company is well positioned to earn high profits in this favorable yield curve environment while keeping balance sheet leverage low. Despite these favorable omens, Trustco stock price is trailing the 6S&P 500 over the last 2 years, 1 year and 6 months. Although Trustco's long term average p/bv ratio is 3.3, the stock's current p/bv ratio is just 1.8. The letter to shareholders and management discussion in the 2008 annual report present Trustco as a savings and loan company that still conducts its operations the old fashioned way. Instead of relying on formulas that were "good enough" to repackage, Trustco has always performed its own detailed credit analysis. Unlike other savings and loans, Trustco was unwilling to make subprime loans and was also unwilling to purchase securities that were backed by subprime loans. This discipline served the company well. Despite these conservative practices, Trustco managed to grow at a respectable pace while averaging a 21 percent return on equity over the last 9 years. The keys to the company's earnings success appear to be: (1) the fact that the bank does most of its business in states that have not experienced large declines in property values including New York, New Jersey, Massachussets and Vermont , and (2) the bank's policy of catering to the very best borrowers by charging low closing feest and no mortgage interest. Although the company has some exposure to Florida real estate, it seems to have avoided major damages there. In the future, the Florida presence will likely be a positive for Trustco.

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Member Avatar petenlor413 (< 20) Submitted: 11/4/2009 3:32:06 PM : Outperform Start Price: $4.56 TRST Score: -42.00

This is a tough one as I feel they have very little commercial mortgage exposure as compared to other regional banks. It is the next shoe to drop

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Member Avatar peterhaus (< 20) Submitted: 8/23/2009 3:50:26 PM : Outperform Start Price: $5.08 TRST Score: -62.54

I am new here but have experience with this stock from the IPO in the early 80's. Tremendous buying potential for a buy and hold investor. I'm currently in and out over the last 3 months and up 40% in my IRA. Just hope my trading doesn't leave me out when I should have held. After all, this is a quality holding and has dropped severly in sympathy with the banking sector. An unjustified drop of 2/3 from top to trough. Compare to NAL or PBCT, you'll see what I mean.

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Member Avatar yansee (< 20) Submitted: 6/27/2008 2:46:48 PM : Outperform Start Price: $5.65 TRST Score: -42.14

This company has zero sub-prime mortgages, it also has a very high efficiency ratio for regional banks, and it is expanding its number of branches.

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Member Avatar oddad (< 20) Submitted: 2/7/2008 11:45:10 AM : Outperform Start Price: $7.21 TRST Score: -64.95

strong franchise

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Member Avatar Dribond (< 20) Submitted: 10/25/2007 2:43:33 PM : Outperform Start Price: $7.14 TRST Score: -45.04

always been a good payoff stock with either a dividend or a stock split still acquiring as the price remains below $10. this will make you money in the long term.

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Member Avatar RUFUS (< 20) Submitted: 10/25/2007 1:56:35 PM : Outperform Start Price: $7.07 TRST Score: -44.61

stock is nearing its low now, has always been a good payoff with either a split or dividends over the years for me. just bought some and plan to get a few hundred more in the near future. this is a hold and forget stock as it just keeps paying. not many $10 stocks that average close to a $1 payout yearly.

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Member Avatar AAARating (75.88) Submitted: 5/16/2007 12:08:21 PM : Outperform Start Price: $6.45 TRST Score: -35.90

With Dividends to Boot!

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Member Avatar Wnhsrunner88 (< 20) Submitted: 9/22/2006 5:38:27 AM : Outperform Start Price: $7.40 TRST Score: -71.79

I think equity's (stock's) in the short term will fall. This stock however pays a good dividend. The company also owns and operates bonds, which i think would be worth more if the stock market went bad. In a indirect way it is a hedge, as the bonds can be sold off at premiums, or held on to. The bottom line is, if things started happening, a company that pays 6% as a dividend (better than some good amount of bonds) is nice for holding equity in the stock market. You can lose if they cut the dividend. That is a risk you assume at the current $11 / share.

In the future, dividends can always go up. Its great to be paid dividends for holding equity.

Results 1 - 16 of 16

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