TrustCo Bank: Tremendously Positioned For Rate Hikes

Summary

  • A well-run regional bank with a 4% plus dividend yield.
  • Like other regional banks, interest rate increases will feed the bottom line.
  • Significant earnings surprise with improving valuation.
  • The bank is expanding its key lending areas.
  • This idea was discussed in more depth with members of my private investing community, BAD BEAT Investing. Learn More »
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TrustCo Bank Corp. (NASDAQ:TRST) is a stock we continue to cover after many years. The company just reported earnings, and the results were strong, beating expectations. We like shares here under $33 based on valuation, the dividend, and

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of TRST either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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