At 52-Week Highs TrustCo Is Still A Great Buy

Summary

  • This regional bank we have covered and have been bullish on for some time, now hitting a 52-week high.
  • Growth in loans and deposits.
  • Non-performing assets declining.
  • Book value strong.
  • A dividend hike.
  • We're currently running a sale at my private investing ideas service, BAD BEAT Investing, where members get access to portfolios, market alerts, real-time chat, and more. Learn More »

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TrustCo Bank Corp. (NASDAQ:TRST) stock is a name we continue to cover after many years. The company recently reported earnings, and the results were strong, beating expectations. We last liked shares close to $30 based on

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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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