TrustCo Bank: Stable And Attractively Valued

Aug. 20, 2022 3:29 AM ETTrustCo Bank Corp NY (TRST)
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Sheen Bay Research
2.95K Followers

Summary

  • TRST currently has excess cash on its books which gives it the opportunity to improve its asset mix and boost the margin.
  • The loan portfolio’s growth will likely remain slow and steady.
  • The December 2022 target price suggests a decent upside from the current market price. Further, TRST is offering a good dividend yield.

Real estate Business Trends Graphs and charts

Vertigo3d

Earnings of TrustCo Bank Corp NY (NASDAQ:TRST) will likely surge this year on the back of steady loan growth. Further, the company will likely continue to deploy its excess cash, which will boost the margin. Overall, I'm expecting TrustCo Bank to report

TrustCo Bank Excess Cash

SEC Filings

Treasury Yield Curves

The U.S. Treasury Department

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Data by YCharts

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Data by YCharts

This article was written by

Sheen Bay Research profile picture
2.95K Followers
Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Additional disclosure: Disclaimer: This article is not financial advice. Investors are expected to consider their investment objectives and constraints before investing in the stock(s) mentioned in the article.

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