Revenue Update on TrustCo Bank Corp NY(NASDAQ:TRST)

TrustCo Bank Corp NY(NASDAQ:TRST) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $40.84M. Analysts estimated a revenue of $40.55M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.11.

TrustCo Bank Corp NY (TRST) made into the market gainers list on Wednesdays trading session with the shares advancing 0.45% or 0.03 points. Due to strong positive momentum, the stock ended at $6.65, which is also near the day’s high of $6.69. The stock began the session at $6.66 and the volume stood at 92,110 shares. The 52-week high of the shares is $7.11 and the 52 week low is $5.17. The company has a current market capitalization of $635 M and it has 9,54,95,515 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 16, 2015, Gennaro Dennis A De (director) purchased 7,971 shares at $6.27 per share price.Also, On Dec 14, 2015, Robert M Leonard (EVP & SECRETARY) purchased 1,654 shares at $6.05 per share price.On Aug 12, 2015, Robert J Mccormick (CEO) purchased 15,000 shares at $6.23 per share price, according to the Form-4 filing with the securities and exchange commission.

Trustco Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary Trustco Bank is a federal savings bank engaged in providing general banking services to individuals partnerships and corporations. The Bank’s primary business consists of accepting deposits and making loans and investments. The Bank provides both personal and business banking services. Trustco Bank’s trust department operates serves as executor of estates and trustee of personal trusts provides asset and wealth management services provides estate planning and related advice provides custodial services and acts as trustee for various types of employee benefit plans and corporate pension and profit sharing trusts. The Bank’s subsidiary Trustco Realty Corp. is a real estate investment trust (REIT) formed to acquire hold and manage real estate mortgage assets. ORE Subsidiary Corp. is the Company’s subsidiary created to hold and manage foreclosed properties acquired by the Bank.

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