Summary
TRST Chart
TrustCo Bank Corp NY (TRST) Q1 2026 Earnings Call Transcript
TrustCo Bank Corp NY (TRST) Q1 2026 Earnings Call Transcript
Trustpilot upgraded as new enterprise disclosures bolster medium-term confidence
Panmure Liberum has upgraded Trustpilot Group PLC (LSE:TRST), the online consumer reviews platform, from hold to buy with a new 235p target price, up from 220p, after newly disclosed retention statistics reinforced the broker's confidence in the company's enterprise-focused growth strategy. The upgrade is driven by fresh data showing that enterprise customers, defined as those on contracts exceeding $20,000 in annual value, are being retained at a meaningfully higher rate than the broader customer base.
Trustpilot shares fall as private equity backer cashes out £46m stake
Trustpilot Group PLC (LSE:TRST) shares dropped 11.25% to 209.28p after private equity firm Advent sold a £46 million stake at a discount to the prevailing share price. Advent offloaded 21.6 million shares at 214p each, a price below where the stock had been trading, and well below the issue price of 265p from the online customer reviews platform's 2021 IPO.
TrustCo Bank Corp NY Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 66 | $2,340.12 | $3,631.32 | $1,291.2 | 55.18% |
| MM Michael Mcmahon TRUST Co. BANK Corp. N Y | 92,563 | $2.88M | $5.09M | $2.22M | 77% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 281 | $10,464.08 | $15,432.74 | $4,968.66 | 47.48% |
| BG Bart Gancher Intech Investment Management LLC | 44,714 | $1.7M | $2.46M | $752,496.12 | 44.14% |
| MD Michelle Dubey Yousif Capital Management LLC | 4,823 | $160,608.93 | $264,396.86 | $103,787.93 | 64.62% |
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TrustCo Bank Corp NY Profile
| Banks Industry | Financials Sector | Robert Joseph McCormick CEO | NASDAQ (NGS) Exchange | 898349204 CUSIP |
| US Country | 740 Employees | 5 Jun 2026 Last Dividend | 28 May 2021 Last Split | 26 Mar 1990 IPO Date |
Overview
TrustCo Bank Corp NY stands as the parent company for Trustco Bank, a federal savings bank dedicated to offering a variety of personal and business banking services. Established in 1902 and headquartered in Glenville, New York, TrustCo has expanded its services to encompass not only traditional banking but also real estate investment and comprehensive fiduciary services. It has a broad operational footprint, with banking offices spread across key counties in New York, an extensive presence in Florida, and locations in Vermont, Massachusetts, and New Jersey, ensuring accessibility through a wide network of branches and automatic teller machines.
Products and Services
- Banking Services
- Loans and Investments
- Real Estate Investment Trust (REIT)
- Fiduciary Services
Trustco Bank offers a wide range of personal and business banking services, catering to the diverse financial needs of individuals and businesses. This includes the acceptance of deposits, facilitating everyday banking transactions, providing checking and savings accounts, and more, aiming to deliver a comprehensive banking experience to their customers.
As part of its financial products portfolio, TrustCo provides various loan options, including but not limited to, residential mortgage loans and personal loans. Additionally, the company offers a selection of investment products to help individuals and businesses grow their wealth, demonstrating its commitment to supporting the financial aspirations of its customers.
TrustCo operates as a Real Estate Investment Trust, focusing on acquiring, holding, and managing real estate mortgage assets. This includes both residential mortgage loans and mortgage-backed securities, allowing for diversified investment opportunities in the real estate sector.
The company extends its services to include acting as the executor of estates and trustee of personal trusts. This shows TrustCo's capacity to provide expert asset and wealth management, estate planning and related advice, and custodial services. Furthermore, TrustCo acts as a trustee for various types of employee benefit plans and corporate pension and profit-sharing trusts, highlighting its versatility and expertise in managing fiduciary responsibilities.
