TrustCo Bank NY traded at $55.74 this Wednesday July 1st, increasing $0.83 or 1.51 percent since the previous trading session. Looking back, over the last four weeks, TrustCo Bank NY gained 7.05 percent. Over the last 12 months, its price rose by 58.80 percent. Looking ahead, we forecast TrustCo Bank NY to be priced at 53.52 by the end of this quarter and at 50.25 in one year, according to Trading Economics global macro models projections and analysts expectations.
TrustCo Bank Corp NY is a savings and loan holding company. The Company's principal subsidiary is Trustco Bank (the Bank). The Bank focuses on providing service to the communities served by its branch-banking network. It operates through community banking segment. The Company operates in the geographical region of Upstate New York with branches also in Florida and the mid-Hudson valley region of New York. The Bank's subsidiary, Trustco Realty Corp., is a real estate investment trust (REIT) formed to acquire, hold and manage real estate mortgage assets, including residential mortgage loans and mortgage-backed securities. The Bank's trust department operates under the name, Trustco Financial Services, and serves as executor of estates and trustee of personal trusts, provides asset and wealth management services, and provides estate planning and related advice, provides custodial services.