New insider activity at TrustCo Bank ( (TRST) ) has taken place on April 29, 2025.
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Kevin M. Curley, the Executive Vice President and Chief Operating Officer of TrustCo Bank, recently made a significant investment by purchasing 822 shares of the bank’s stock. This transaction is valued at $24,988, indicating a strong vote of confidence in the company’s future prospects.
Recent Updates on TRST stock
TrustCo Bank Corp NY’s recent earnings call for Q1 2025 highlighted strong financial performance, with significant growth in deposits and loans, particularly in commercial lending, and an increase in net income and interest margin. The bank’s strategic focus on expanding its commercial lending portfolio and effective interest rate management contributed to these positive results. Despite challenges such as increased non-interest expenses and limited residential loan growth, TrustCo’s solid capital position, low non-performing loan levels, and a new share repurchase program underscore its financial resilience and confidence in future prospects. The bank’s ability to reprice loans at current market rates while maintaining strong brand loyalty and digital engagement has supported its long-term profitability.
Spark’s Take on TRST Stock
According to Spark, TipRanks’ AI Analyst, TRST is a Outperform.
TrustCo Bank’s strong financial foundation, attractive valuation, and positive earnings outlook contribute to its solid stock performance. Key strengths include low leverage, healthy equity ratios, and consistent cash flow generation. Potential risks involve managing profit margins and expense control.
To see Spark’s full report on TRST stock, click here.
More about TrustCo Bank
YTD Price Performance: -7.80%
Average Trading Volume: 93,868
Technical Sentiment Signal: Hold
Current Market Cap: $577.4M