Trustco Bank Stock Fair Value Calculator – TrustCo Bank Corp NY Board of Directors Approves Stock Repurchase Plan.

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TRUSTCO ($NASDAQ:TRST): The TrustCo Bank Corp NY Board of Directors recently approved a stock repurchase plan, announced on March 17, 2023 in Glenville, New York. Under the plan, the bank will purchase up to two million shares of its common stock in the open markets or through private transactions. The repurchases will be funded from the company’s available cash and cash equivalents and with funds borrowed under its existing revolving credit facility. TrustCo Bank Corp NY’s Board of Directors believes that returning capital to its shareholders through the repurchase of its stock is an important part of its capital management strategy and will enhance shareholder value.

The timing and amount of the repurchases will be subject to market conditions and other factors. The stock repurchase program does not obligate the bank to acquire any specific number of shares of common stock and may be suspended or discontinued at any time without prior notice at the discretion of the TrustCo Bank Corp NY Board of Directors. Shareholders, potential investors and other interested parties are encouraged to contact TrustCo Bank Corp NY for more information about the stock repurchase program.

Stock Price

This decision was made on Monday, when TRUSTCO BANK stock opened at $34.3 and closed at $33.6, down by 1.1% from last closing price of 34.0. The repurchase plan will allow TRUSTCO BANK to utilize a portion of its financial resources in order to purchase and retire its own stock. It is unclear how many shares the bank intends to buy back, but the move is expected to be a positive one for the company’s stock. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Trustco Bank. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Trustco Bank. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Trustco Bank. More…

Key Ratios Snapshot

Some of the financial key ratios for Trustco Bank are shown below. More…

Analysis – Trustco Bank Stock Fair Value Calculator

At GoodWhale, we have conducted a thorough evaluation of TRUSTCO BANK‘s wellbeing. Our proprietary Valuation Line indicates that the fair value of a TRUSTCO BANK share is around $37.0. However, current trading prices at $33.6 fall short of this, undervalued by 9.3%. This presents an opportunity for investors to purchase shares for a price lower than their true worth. Of course, investors should always ensure the full risks involved when considering any investment opportunity. More…

Peers

The bank has over $11 billion in assets and over 130 branches. The bank’s main competitors are Comunibanc Corp, BCB Bancorp Inc, and Harbor Bankshares Corp.

– Comunibanc Corp ($NASDAQ:BCBP)

BCB Bancorp is a bank holding company that operates through its subsidiaries, BCB Community Bank and BCB Bankwest. The company provides a range of banking services to individuals, businesses, and organizations in New Jersey, New York, and Pennsylvania. As of December 31, 2020, BCB Bancorp had assets of $4.6 billion and deposits of $3.5 billion.

– BCB Bancorp Inc ($OTCPK:HRBK)

Harbor Bankshares Corp is a holding company for Harbor Bank that provides banking services to individuals and businesses in Virginia. As of December 31, 2020, the company had assets of $ 743.14 million and deposits of $ 642.41 million.

Summary

This move is seen by investors as a sign that the bank is confident in the strength of its balance sheet and its future prospects. Analysts are generally bullish on the stock, citing a strong capital position and healthy loan growth. Additionally, the company’s high level of liquidity, coupled with a modest payout ratio and efficient capital structure, means it should be able to weather any economic turmoil in the near future.