Robert McCormick - TrustCo Bank CEO
| TRST Stock | USD 27.90 1.12 4.18% |
CEO
Mr. Robert J. McCormick is President, Director, Chief Executive Officer of TrustCo and TrustCo Bank. He serves as Chairman, President and Chief Executive Officer of TrustCo from January 2009 to December 2010, President and Chief Executive Officer of TrustCo since January 2004, Executive Officer of TrustCo since 2001 and President and Chief Executive Officer of Trustco Bank since November 2002. Chairman of TrustCo and Trustco Bank from November 2008 to December 2010. Director of TrustCo and Trustco Bank since 2005. Robert J. McCormick is the son of Robert A. McCormick. Joined Trustco Bank in 1995. since 2014.
| Age | 60 |
| Tenure | 10 years |
| Address | 5 Sarnowski Drive, Glenville, NY, United States, 12302 |
| Phone | 518 377 3311 |
| Web | https://www.trustcobank.com |
Robert McCormick Latest Insider Activity
Tracking and analyzing the buying and selling activities of Robert McCormick against TrustCo Bank stock is an integral part of due diligence when investing in TrustCo Bank. Robert McCormick insider activity provides valuable insight into whether TrustCo Bank is net buyers or sellers over its current business cycle. Note, TrustCo Bank insiders must abide by specific rules, including filing SEC forms every time they buy or sell TrustCo Bank'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Robert McCormick over a month ago Disposition of 14417 shares by Robert McCormick of Douglas Dynamics at 24.7309 subject to Rule 16b-3 |
TrustCo Bank Management Efficiency
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 0.02 in 2024. At this time, TrustCo Bank's Total Current Liabilities is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 4.3 B in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 3.8 B 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.Similar Executives
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| Laurence Hueth | First Northwest Bancorp | 52 | |
| William Harrod | First Capital | 68 | |
| Martin Plourd | Community West Bancshares | 65 | |
| Joseph III | First Financial Northwest | 68 | |
| James Kim | Community West Bancshares | 48 | |
| Joseph Kiley | First Financial Northwest | 58 | |
| Matthew Deines | First Northwest Bancorp | 51 | |
Management Performance
| Return On Equity | 0.0942 | ||||
| Return On Asset | 0.0096 |
TrustCo Bank Corp Leadership Team
Elected by the shareholders, the TrustCo Bank's board of directors comprises two types of representatives: TrustCo Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TrustCo. The board's role is to monitor TrustCo Bank's management team and ensure that shareholders' interests are well served. TrustCo Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TrustCo Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lisa Reutter, Director | ||
| Eric Schreck, Sr. VP, Treasurer, Florida Regional President of Bank Admin. - Trustco Bank and Sr. VP of Bank Admin. - Trustco Bank | ||
| Dennis Gennaro, Independent Director | ||
| Thomas Poitras, Assistant Secretary; Vice President Assistant Secretary of Trustco Bank | ||
| Robert Leonard, Executive VP, Secretary, Executive VP of Trustco Bank and Secretary of Trustco Bank | ||
| Kevin Curley, Senior Vice President | ||
| Scot Salvador, Executive Vice President Chief Banking Officer of TrustCo and Trustco Bank | ||
| Michael Ozimek, CFO, Sr. VP, CFO of TrustCo Bank and Sr. VP of TrustCo Bank | ||
| Thomas Maggs, Independent Director | ||
| Michael Hall, Vice President Executive Officer, Assistant Secretary of TrustCo and Trustco Bank | ||
| Robert McCormick, CEO and President Director, CEO of Trustco Bank and President of Trustco Bank and Director of Trustco Bank | ||
| William Purdy, Independent Director | ||
| Brian Flynn, Director | ||
| Kevin Timmons, IR Contact Officer | ||
| Michael Esq, General Secretary | ||
| Robert Cushing, COO, Executive VP, COO of Trustco Bank and Executive VP of Trustco Bank | ||
| Sharon Parvis, Assistant Secretary; Assistant Secretary, Vice President of Trustco Bank | ||
| William Powers, Independent Director | ||
| Anthony Marinello, Independent Chairman of the Board |
TrustCo Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is TrustCo Bank a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0942 | ||||
| Return On Asset | 0.0096 | ||||
| Profit Margin | 0.31 % | ||||
| Operating Margin | 0.33 % | ||||
| Current Valuation | 64.93 M | ||||
| Shares Outstanding | 19.02 M | ||||
| Shares Owned By Insiders | 3.26 % | ||||
| Shares Owned By Institutions | 72.65 % | ||||
| Number Of Shares Shorted | 202.44 K | ||||
| Price To Earning | 69.51 X |
Currently Active Assets on Macroaxis
When determining whether TrustCo Bank Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if TrustCo Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Trustco Bank Corp Stock. Highlighted below are key reports to facilitate an investment decision about Trustco Bank Corp Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TrustCo Bank Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary 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.
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Is TrustCo Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TrustCo Bank. If investors know TrustCo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TrustCo Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.53) | Dividend Share 1.44 | Earnings Share 3.08 | Revenue Per Share 9.93 | Quarterly Revenue Growth (0.23) |
The market value of TrustCo Bank Corp is measured differently than its book value, which is the value of TrustCo that is recorded on the company's balance sheet. Investors also form their own opinion of TrustCo Bank's value that differs from its market value or its book value, called intrinsic value, which is TrustCo Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TrustCo Bank's market value can be influenced by many factors that don't directly affect TrustCo Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TrustCo Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrustCo Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrustCo Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.