TrustCo Bank Company Insiders
TRST Stock | USD 37.24 0.32 0.85% |
TrustCo Bank's insiders are aggressively buying. The analysis of insiders' sentiment of trading TrustCo Bank Corp stock suggests that vertually all insiders are extremely bullish at this time. TrustCo Bank employs about 735 people. The company is managed by 11 executives with a total tenure of roughly 78 years, averaging almost 7.0 years of service per executive, having 66.82 employees per reported executive.
Robert McCormick CEO CEO and President Director, CEO of Trustco Bank and President of Trustco Bank and Director of Trustco Bank |
Eric Schreck President Sr. VP, Treasurer, Florida Regional President of Bank Admin. - Trustco Bank and Sr. VP of Bank Admin. - Trustco Bank |
TrustCo Bank's Insider Buying Vs Selling
100
Selling | Buying |
Latest Trades
2024-06-04 | Kevin M Curley | Acquired 551 @ 27.21 | View | ||
2024-05-24 | Steffani Cotugno | Acquired 400 @ 28.01 | View | ||
2024-03-12 | Michael James Hall | Acquired 500 @ 27.4 | View | ||
2024-02-13 | Kevin M Curley | Acquired 916 @ 27.3 | View | ||
2024-02-02 | Michael James Hall | Acquired 463 @ 27.81 | View | ||
2024-02-01 | Eric W Schreck | Acquired 1000 @ 28.44 | View |
Monitoring TrustCo Bank's insider sentiment can offer insights into its future performance, as insiders often have access to more information about their company's operations, financial health, and upcoming initiatives than the general public. However, it's essential to note that insider trading is regulated by securities laws, and insiders are required to disclose their trades publicly to ensure transparency and prevent unfair advantages based on non-public information.
TrustCo |
TrustCo Bank's Workforce Through the Years
Please note that employee historical analysis has become an increasingly important factor for investors assessing the risk associated with TrustCo Bank's future performance. Based on our forecasts, it is anticipated that TrustCo will maintain a workforce of slightly above 740 employees by December 2024.TrustCo Bank Management Team Effectiveness
At this time, TrustCo Bank's Return On Tangible Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.01 in 2024, whereas Return On Capital Employed is likely to drop 0.01 in 2024. At this time, TrustCo Bank's Non Current Liabilities Total is comparatively stable compared to the past year. Change To Liabilities is likely to gain to about 7.8 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 35.1 M in 2024. TrustCo Bank's management efficiency ratios could be used to measure how well TrustCo Bank manages its routine affairs as well as how well it operates its assets and liabilities.TrustCo Bank Quarterly Income Before Tax |
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TrustCo Bank Workforce Comparison
TrustCo Bank Corp is rated fifth in number of employees category among its peers. The total workforce of Financials industry is at this time estimated at about 10,197. TrustCo Bank holds roughly 735 in number of employees claiming about 7% of equities under Financials industry.
TrustCo Bank Profit Margins
The company has Profit Margin (PM) of 0.28 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.42 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.42.Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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Gross Profit Margin | 0.84 | 0.88 |
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Net Profit Margin | 0.25 | 0.3084 |
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Operating Profit Margin | 0.47 | 0.4968 |
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Pretax Profit Margin | 0.36 | 0.4081 |
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Return On Assets | 0.013 | 0.0095 |
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Return On Equity | 0.17 | 0.0909 |
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TrustCo Bank Insider Trading History
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific TrustCo Bank insiders, such as employees or executives, is commonly permitted as long as it does not rely on TrustCo Bank's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases, TrustCo Bank insiders must file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Buy/Sell Ratio | # Purchases Trades | # Sales Trades | Total Shares Purchased | Total Shares Sold | |
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2024-12-01 | 1.625 | 39 | 24 | 79,366 | 49,931 |
2023-12-01 | 0.8793 | 51 | 58 | 68,500 | 58,958 |
2022-12-01 | 0.7463 | 50 | 67 | 61,157 | 79,261 |
2021-12-01 | 0.9545 | 63 | 66 | 65,136 | 48,084 |
2021-06-01 | 5.0 | 5 | 1 | 3,484 | 1,125 |
2021-03-01 | 5.0 | 5 | 1 | 28,000 | 3,714 |
2020-12-01 | 1.0351 | 59 | 57 | 241,937 | 158,574 |
2020-09-01 | 5.0 | 5 | 1 | 19,700 | 0.00 |
2020-06-01 | 4.5 | 9 | 2 | 112,926 | 44,800 |
2019-12-01 | 0.7432 | 55 | 74 | 209,163 | 202,000 |
2019-09-01 | 0.75 | 3 | 4 | 18,172 | 19,000 |
2019-06-01 | 1.0 | 1 | 1 | 3,000 | 10,850 |
2019-03-01 | 1.0 | 5 | 5 | 6,000 | 26,483 |
2018-12-01 | 0.9111 | 41 | 45 | 163,963 | 140,014 |
2018-09-01 | 0.6 | 6 | 10 | 51,800 | 92,206 |
2018-06-01 | 0.9 | 9 | 10 | 57,200 | 109,943 |
2018-03-01 | 2.0 | 2 | 1 | 4,000 | 1,760 |
2017-12-01 | 0.8409 | 37 | 44 | 543,787 | 942,250 |
2017-09-01 | 0.7778 | 7 | 9 | 53,200 | 109,495 |
2017-03-01 | 0.5 | 7 | 14 | 408,500 | 646,148 |
2016-12-01 | 1.0 | 35 | 35 | 162,450 | 137,594 |
2016-09-01 | 2.0 | 8 | 4 | 73,060 | 47,166 |
2016-06-01 | 2.5 | 5 | 2 | 245,988 | 159,888 |
2015-12-01 | 1.1212 | 37 | 33 | 248,825 | 130,783 |
2015-03-01 | 0.6667 | 2 | 3 | 19,429 | 34,310 |
2014-12-01 | 1.9091 | 21 | 11 | 201,000 | 42,216 |
2013-12-01 | 4.3333 | 26 | 6 | 275,191 | 39,034 |
2013-03-01 | 1.0 | 2 | 2 | 9,387 | 17,500 |
2012-12-01 | 10.5 | 21 | 2 | 265,300 | 14,500 |
2012-06-01 | 2.0 | 2 | 1 | 23,316 | 10,000 |
2012-03-01 | 3.0 | 6 | 2 | 5,624 | 2.29 |
2011-12-01 | 15.0 | 30 | 2 | 439,050 | 17,500 |
2011-09-01 | 15.0 | 15 | 1 | 624,296 | 750,000 |
2011-03-01 | 5.0 | 5 | 1 | 12,820 | 19,550 |
2010-12-01 | 1.0 | 2 | 2 | 1,037 | 1,000.00 |
2010-06-01 | 2.0 | 2 | 1 | 8,500 | 7,000 |
2010-03-01 | 11.0 | 11 | 1 | 54,988 | 28,119 |
2009-12-01 | 0.3333 | 1 | 3 | 1,010 | 5,691 |
2009-03-01 | 4.0 | 4 | 1 | 28,198 | 3,000 |
2008-12-01 | 0.7273 | 8 | 11 | 705,533 | 1,353,340 |
2008-09-01 | 1.0 | 1 | 1 | 40,046 | 1,000.00 |
2008-06-01 | 3.0 | 9 | 3 | 263,500 | 27,500 |
2008-03-01 | 1.0 | 2 | 2 | 19,300 | 3,415 |
2007-12-01 | 0.25 | 1 | 4 | 1,052 | 3,552 |
2007-09-01 | 3.0 | 6 | 2 | 303,528 | 130,832 |
2007-06-01 | 3.6667 | 11 | 3 | 373,500 | 22,500 |
2007-03-01 | 1.0 | 5 | 5 | 34,807 | 18,086 |
2006-09-01 | 18.0 | 18 | 1 | 335,523 | 4,023 |
2006-06-01 | 5.0 | 5 | 1 | 24,032 | 13,992 |
2006-03-01 | 1.0 | 1 | 1 | 12,838 | 8,981 |
2005-09-01 | 0.3333 | 1 | 3 | 123,176 | 208,764 |
2005-03-01 | 1.8571 | 13 | 7 | 365,466 | 46,812 |
2004-12-01 | 1.2857 | 9 | 7 | 697,666 | 383,469 |
2004-06-01 | 0.8 | 8 | 10 | 45,777 | 69,158 |
2004-03-01 | 1.3333 | 12 | 9 | 415,587 | 308,588 |
2003-12-01 | 0.1667 | 1 | 6 | 100.00 | 225,641 |
2003-09-01 | 0.75 | 6 | 8 | 16,484 | 24,442 |
TrustCo Bank Notable Stakeholders
A TrustCo Bank stakeholder refers to an individual interested in an outcome of the business. Different stakeholders have different interests, and companies such as TrustCo Bank often face trade-offs trying to please all of them. TrustCo Bank's stakeholders can have a positive or negative influence on the entity's direction, and there are a lot of executives involved in getting TrustCo Bank's stock to the level that pleases all shareholders. Keeping track of the stakeholders is a great way to stay on top of things affecting its ongoing price.
Robert McCormick | CEO and President Director, CEO of Trustco Bank and President of Trustco Bank and Director of Trustco Bank | Profile | |
Eric Schreck | Sr. VP, Treasurer, Florida Regional President of Bank Admin. - Trustco Bank and Sr. VP of Bank Admin. - Trustco Bank | Profile | |
Kevin Curley | Senior Vice President | Profile | |
Scot Salvador | Executive Vice President Chief Banking Officer of TrustCo and Trustco Bank | Profile | |
Michael Ozimek | CFO, Sr. VP, CFO of TrustCo Bank and Sr. VP of TrustCo Bank | Profile | |
Carly Batista | Senior COO | Profile | |
Robert Leonard | Executive VP, Secretary, Executive VP of Trustco Bank and Secretary of Trustco Bank | Profile | |
John George | Senior Officer | Profile | |
Michelle Simmonds | Senior Officer | Profile | |
Michael Esq | General Secretary | Profile | |
Michael Ewell | Senior Officer | Profile |
About TrustCo Bank Management Performance
The success or failure of an entity such as TrustCo Bank Corp often depends on how effective the management is. TrustCo Bank management team is responsible for propelling the future growth in the right direction and administering and controlling the business activities and accounting for the results. Ineffective management usually contributes to failure in the company's future performance for all stakeholders equally, but most importantly, for investors. So it is important to measure the effectiveness of TrustCo management before purchasing its stock. In many ways, it's all about finding the answer to one important question - Are they doing the right thing right now? How would we assess whether the TrustCo management is utilizing all available resources in the best possible way? Also, how well is the company doing relative to others in its sector and the market as a whole? The answer can be found by analyzing a few important fundamental indicators such as return on assets and return on equity.
Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.01 | 0.01 | |
Return On Capital Employed | 0.02 | 0.01 | |
Return On Assets | 0.01 | 0.01 | |
Return On Equity | 0.09 | 0.17 |
Please note, the imprecision that can be found in TrustCo Bank's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of TrustCo Bank Corp. Check TrustCo Bank's Beneish M Score to see the likelihood of TrustCo Bank's management manipulating its earnings.
TrustCo Bank Workforce Analysis
Traditionally, organizations such as TrustCo Bank use manpower efficiency calculations for various incentive schemes, employee appraisal, or as an initiative to improve the processes. However, it can also be used by investors to make long-term investment decisions. The trends in the profit per employee or revenue per employee are measured by net income or revenue divided by the current number of full-time employees over a given time interval. Because workforce needs differ across sectors, these ratios could be used to compare TrustCo Bank within its industry.TrustCo Bank Manpower Efficiency
Return on TrustCo Bank Manpower
Revenue Per Employee | 258.7K | |
Revenue Per Executive | 17.3M | |
Net Income Per Employee | 79.8K | |
Net Income Per Executive | 5.3M |
Additional Tools for TrustCo Stock Analysis
When running TrustCo Bank's price analysis, check to measure TrustCo Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TrustCo Bank is operating at the current time. Most of TrustCo Bank's value examination focuses on studying past and present price action to predict the probability of TrustCo Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TrustCo Bank's price. Additionally, you may evaluate how the addition of TrustCo Bank to your portfolios can decrease your overall portfolio volatility.