7. Trustco Bank Corp.
Shares of Trustco Bank Corp. (TRST) of Glenville, N.Y., closed at $3.63 Friday, returning down 6% year-to-date, following a 7% decline in 2011.
Based on a quarterly payout of 6.5625 cents, the shares have a dividend yield of 5.05%.The company had $4.2 billion in total asset as of Dec. 30, and its quarterly ROA ranged from 0.77% to 0.88% during 2011, according to HighlineFI. The shares trade for 1.4 times tangible book value and 12 the consensus 2012 EPS estimate of 43 cents. The consensus 2013 EPS estimate is 49 cents. Trustco earned $8.7 million during the fourth quarter, or 9.3 cents a share, declining from $9.2 million, or 10 cents a share, in the third quarter, but increasing from $6.9 million, or nine cents a share, in the fourth quarter of 2010. The sequential earnings decline reflected a $551,000 increase in expenses for salaries and employee benefits, and "a $450 thousand one-time item that increased the effective tax rate and is not expected to be repeated in 2012." Trustco's net interest margin -- the difference between a bank's average yield on loans and investments and its average cost for deposits and wholesale borrowings -- narrowed to 3.35% from 3.38% the previous quarter and 3.43% a year earlier, however, net interest income increased 6% year-over-year to $34.0 million in the fourth quarter, reflecting not only lower interest expenses, but a 6% increase in average loans during the fourth quarter. Interested in more on Trustco Bank Corp.? See TheStreet Ratings' report card for this stock.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV