TrustCo Bank Corp NY

NASDAQ TRST

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TrustCo Bank Corp NY Price to Book Ratio (P/B) on June 03, 2024: 0.81

TrustCo Bank Corp NY Price to Book Ratio (P/B) is 0.81 on June 03, 2024, a -7.98% change year over year. The price to book ratio compares the market price per share of a company's stock to its book value per share. It is calculated by dividing the market capitalization by the shareholders' equity minus treasury stock, divided by the number of outstanding shares. This ratio provides insights into how the market values a company relative to its book value. A ratio above 1 indicates the market values the company more than its book value, suggesting positive market sentiment.

TrustCo Bank Corp NY 52-week high Price to Book Ratio (P/B) is 0.97 on December 26, 2023, which is 20.51% above the current Price to Book Ratio (P/B).
TrustCo Bank Corp NY 52-week low Price to Book Ratio (P/B) is 0.75 on October 24, 2023, which is -7.02% below the current Price to Book Ratio (P/B).
TrustCo Bank Corp NY average Price to Book Ratio (P/B) for the last 52 weeks is 0.85.

NASDAQ: TRST

TrustCo Bank Corp NY

CEO	Mr. Robert Joseph McCormick
IPO Date	March 26, 1990
Location	United States
Headquarters	5 Sarnowski Drive, Glenville, NY, United States, 12302
Employees	761
Sector	Financial Services
Industry	Banks - regional

Description

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals and businesses. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities. In addition, the company serves as the executor of estates and trustee of personal trusts; provides asset and wealth management, estate planning and related advice, and custodial services; and acts as trustee for various types of employee benefit plans, and corporate pension and profit-sharing trusts. It operates through banking offices in Albany, Columbia, Dutchess, Greene, Montgomery, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Ulster, Warren, Washington, and Westchester counties of New York; Brevard, Charlotte, Flagler, Hillsborough, Indian River, Lake, Manatee, Martin, Orange, Osceola, Palm Beach, Polk, Sarasota, Seminole, and Volusia counties in Florida; Bennington County in Vermont; Berkshire County in Massachusetts; and Bergen County in New Jersey, as well as automatic teller machines. The company was founded in 1902 and is headquartered in Glenville, New York.

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