Were Analysts Bearish TrustCo Bank Corp NY (NASDAQ:TRST) This Week?

January 14, 2018 - By Hazel Jackson

 Were Analysts Bearish TrustCo Bank Corp NY (NASDAQ:TRST) This Week?
Investors sentiment increased to 1.75 in 2017 Q3. Its up 0.43, from 1.32 in 2017Q2. It improved, as 4 investors sold TrustCo Bank Corp NY shares while 36 reduced holdings. 25 funds opened positions while 45 raised stakes. 55.96 million shares or 1.63% more from 55.06 million shares in 2017Q2 were reported.
Moreover, Gemmer Asset Mngmt Ltd Llc has 0% invested in TrustCo Bank Corp NY (NASDAQ:TRST). Gsa Cap Ptnrs Ltd Liability Partnership reported 124,365 shares stake. Ny State Teachers Retirement Sys holds 0.01% or 330,367 shares in its portfolio. Jbf Inc holds 260,000 shares. 930,437 are held by Jpmorgan Chase And. Thrivent Financial For Lutherans, a Minnesota-based fund reported 969,036 shares. D E Shaw Incorporated reported 102,863 shares. Company Of Vermont, Vermont-based fund reported 710 shares. Geode Capital Limited Co accumulated 867,697 shares or 0% of the stock. 164,851 were accumulated by Deutsche Bancorporation Ag. Ameriprise reported 0% stake. Macquarie owns 0% invested in TrustCo Bank Corp NY (NASDAQ:TRST) for 8,743 shares. Indiana-based Everence Mgmt has invested 0.02% in TrustCo Bank Corp NY (NASDAQ:TRST). Ajo Limited Partnership holds 0.01% of its portfolio in TrustCo Bank Corp NY (NASDAQ:TRST) for 386,575 shares. Trustco State Bank Corporation N Y reported 1.06M shares stake.

Since August 8, 2017, it had 0 insider purchases, and 1 sale for $160,000 activity.

TrustCo Bank Corp NY (NASDAQ:TRST) Ratings Coverage

Among 4 analysts covering TrustCo Bank Corp (NASDAQ:TRST), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. TrustCo Bank Corp had 7 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, January 3 by Sandler O’Neill. The rating was downgraded by Zacks to “Hold” on Wednesday, August 12. Wood upgraded it to “Market Perform” rating and $6 target in Wednesday, October 7 report. The rating was downgraded by Bruyette & Woods” to “Underperform” on Thursday, July 23. The rating was upgraded by Keefe Bruyette & Woods on Wednesday, October 7 to “Mkt Perform”. Below is a list of TrustCo Bank Corp NY (NASDAQ:TRST) latest ratings and price target changes.

03/01/2018 Broker: Sandler O’Neill Rating: Hold New Target: $9.5 Maintain

The stock increased 0.55% or $0.05 during the last trading session, reaching $9.15. About 194,641 shares traded. TrustCo Bank Corp NY (NASDAQ:TRST) has risen 18.11% since January 14, 2017 and is uptrending. It has outperformed by 1.41% the S&P500.

TrustCo Bank Corp NY operates as the holding firm for Trustco Bank that provides personal and business banking services to individuals, partnerships, and firms. The company has market cap of $879.39 million. The firm is primarily involved in accepting deposits, and making loans and investments. It has a 18.9 P/E ratio. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage backed securities.

More important recent TrustCo Bank Corp NY (NASDAQ:TRST) news were published by: Seekingalpha.com which released: “Justifying A Double In TrustCo Bank’s Stock” on October 28, 2017, also Streetinsider.com published article titled: “TrustCo Bank (TRST) Appoints Lisa Reutter to Board”, Bizjournals.com published: “TrustCo Bank sets mandatory retirement age for new board members” on December 28, 2017. More interesting news about TrustCo Bank Corp NY (NASDAQ:TRST) was released by: Nasdaq.com and their article: “TrustCo Bank Corp NY (TRST) Ex-Dividend Date Scheduled for November 30, 2017” with publication date: November 29, 2017.

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