New insider activity at TrustCo Bank ( (TRST) ) has taken place on February 8, 2025.
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Director Cotugno Steffani has made a significant investment by purchasing 400 shares of TrustCo Bank stock, valued at $12,932. This transaction indicates a strong vote of confidence in the bank’s future performance.
Recent Updates on TRST stock
TrustCo Bank Corp NY’s recent developments highlight a positive outlook driven by key financial metrics and strategic initiatives. The company reported a 14.6% increase in net income and strong loan growth, particularly in home equity lines of credit, which contributed to a robust financial performance. TrustCo’s stable capital position, low nonperforming loans, and strategic expansion into the cannabis industry signal new growth opportunities despite challenges like a slight decline in net interest margin and rising noninterest expenses. Looking ahead, the bank is optimistic about leveraging its strong branch network to capitalize on growth in the real estate sector and new markets, maintaining a strong capital ratio, and focusing on credit quality.
More about TrustCo Bank
YTD Price Performance: 1.47%
Average Trading Volume: 91,119
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $629.4M