TrustCo Bank Corp. NY: Leads amongst peers with strong fundamentals

TrustCo Bank Corp. NY relative valuation is UNDERVALUED and it has a fundamental analysis score of 75.

Our analysis is based on comparing TrustCo Bank Corp. NY with the following peers – Northeast Community Bancorp, Inc., Lake Shore Bancorp, Inc., Astoria Financial Corporation, Elmira Savings Bank, Carver Bancorp Inc., Greene County Bancorp, Inc., Inversiones Agricolas e Industriales SA SIEMEL, People’s United Financial, Inc., Northfield Bancorp, Inc. and New York Community Bancorp, Inc. (NECB-US, LSBK-US, AF-US, ESBK-US, CARV-US, GCBC-US, SIEMEL-CL, PBCT-US, NFBK-US and NYCB-US).

TrustCo Bank Corp. NY has shown good performance overall, both over the last one year (at 29.69%) as well as over the last month (at 18.74%). Share price performance over the last month, though has been lower than that over the last year. But TrustCo Bank Corp. NY’s stock has done better than its overall peer group whose performance was 7.70% over the last month.

Company Snapshot

  • Considering peers, relative outperformance over the last year and the last month suggest a leading position.
  • TrustCo Bank Corp NY currently trades at a higher Price/Book ratio (1.82) than its peer median (1.12).
  • TRST-US‘s operating performance is relatively good compared to its peers. The market currently does not expect high earnings growth relative to its peers but seems to expect the company to maintain its relatively high rates of return.
  • TRST-US has a successful operating model with relatively high net profit margins and capital turns.
  • Compared with its chosen peers, the company’s annual revenues and earnings change at a slower rate, implying a lack of strategic focus and/or lack of execution success.
  • TRST-US‘s return on equity currently and over the past five years suggest that its relatively high operating returns are sustainable.
  • While the company’s lending operations do not seem to benefit from any relative pricing advantage its margins suggest relatively low operating costs.
  • While TRST-US‘s revenues in recent years have grown faster than the peer median, the market gives the stock a P/E ratio that is around peer median suggesting that the market has some questions about the company’s long-term strategy.
  • The company’s level of equity capital investment seems appropriate to support the company’s growth.
  • Our analysis rates TrustCo Bank Corp. NY as UNDERVALUED relative to its peers.

Share Price Performance

Considering peers, relative outperformance over the last year and the last month suggest a leading position.

TRST-US‘s share price performance of 29.69% over the last 12 months is above peer median of 2.47%. The 30-day trend in its share price performance of 18.74% is also above the peer median of 7.70% suggesting that this company is a leading performer relative to its peers.

Share Price Performance

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Leading, Fading, Lagging, Rising

Relative Valuation

Relative Valuation
Fundamental Score

TrustCo Bank Corp. NY’s price of USD 8.300 is lower than CapitalCube’s implied price of USD 9.07. CapitalCube believes that at these levels, TrustCo Bank Corp. NY is undervalued and has upside potential. Over the last 52 week period, the stock has fluctuated between USD 5.17 and USD 8.300.

Valuation & Peer Metrics

A complete list of valuation metrics is available on the company page.

Company Profile

TrustCo Bank Corp. NY operates as a holding company for TrustCo Bank, which engages in the provision of banking and financial services to individuals, partnerships, and corporations. The company offers checking accounts, savings accounts, retirement accounts, time deposits, money market accounts, and credit cards. It also provides asset and wealth management services; estate planning and related advice; credit cards; trust and investment services; custodial services, and online banking services. The company was founded in 1981 and is headquartered in Glenville, NY.

Disclaimer

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