Reviewing Tristate Capital (TSC) and TrustCo Bank Corp NY (TRST)

Tristate Capital (NASDAQ:TSC) and TrustCo Bank Corp NY (NASDAQ:TRST) are both small-cap finance companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, valuation, profitability, institutional ownership, analyst recommendations, dividends and risk.

Dividends

TrustCo Bank Corp NY pays an annual dividend of $0.27 per share and has a dividend yield of 3.3%. Tristate Capital does not pay a dividend.

Risk & Volatility

Tristate Capital has a beta of 0.49, meaning that its share price is 51% less volatile than the S&P 500. Comparatively, TrustCo Bank Corp NY has a beta of 1.01, meaning that its share price is 1% more volatile than the S&P 500.

Profitability

This table compares Tristate Capital and TrustCo Bank Corp NY’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Tristate Capital 22.41% 10.73% 0.87%
TrustCo Bank Corp NY 26.07% 11.98% 1.13%

Valuation & Earnings

This table compares Tristate Capital and TrustCo Bank Corp NY’s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Tristate Capital $181.26 million 4.49 $37.98 million $1.24 22.67
TrustCo Bank Corp NY $187.33 million 4.28 $43.14 million N/A N/A

TrustCo Bank Corp NY has higher revenue and earnings than Tristate Capital.

Institutional & Insider Ownership

66.0% of Tristate Capital shares are owned by institutional investors. Comparatively, 62.0% of TrustCo Bank Corp NY shares are owned by institutional investors. 23.7% of Tristate Capital shares are owned by company insiders. Comparatively, 3.8% of TrustCo Bank Corp NY shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Analyst Recommendations

This is a summary of current ratings for Tristate Capital and TrustCo Bank Corp NY, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Tristate Capital 0 1 4 0 2.80
TrustCo Bank Corp NY 0 2 0 0 2.00

Tristate Capital currently has a consensus target price of $30.50, indicating a potential upside of 8.50%. TrustCo Bank Corp NY has a consensus target price of $9.25, indicating a potential upside of 11.45%. Given TrustCo Bank Corp NY’s higher possible upside, analysts plainly believe TrustCo Bank Corp NY is more favorable than Tristate Capital.

Summary

TrustCo Bank Corp NY beats Tristate Capital on 8 of the 14 factors compared between the two stocks.

Tristate Capital Company Profile

TriState Capital Holdings, Inc. operates as the bank holding company for TriState Capital Bank that provides various commercial and private banking services to middle-market businesses and high-net-worth individuals in the United States. The company operates in two segments, Bank and Investment Management. Its deposit products include checking accounts, money market deposit accounts, and certificates of deposit, as well as promontory's certificate of deposit account registry service and insured cash sweep services. The company also provides loans that are secured by cash or marketable securities, commercial and industrial loans, commercial real estate loans, personal loans, asset-based loans, acquisition financing, and letters of credit. In addition, it offers cash and treasury management services, such as online balance reporting, online bill payment, remote deposit, liquidity, wire and ACH, foreign exchange, and controlled disbursement services; and capital market services comprising interest rate swaps and investment management products. Further, the company provides equity and fixed income advisory and sub-advisory services to third party mutual funds and series trust mutual funds, as well as to separately managed accounts for clients, including ultra-high-net-worth and institutional clients, corporations, ERISA plans, Taft-Hartley funds, municipalities, endowments, and foundations. The company offers its products and services through its main office located in Pittsburgh, Pennsylvania, as well as through its four additional representative offices in Cleveland, Ohio; Philadelphia, Pennsylvania; Edison, New Jersey; and New York, New York. TriState Capital Holdings, Inc. was founded in 2007 and is headquartered in Pittsburgh, Pennsylvania.

TrustCo Bank Corp NY Company Profile

TrustCo Bank Corp NY operates as the holding company for Trustco Bank that provides personal and business banking services to individuals, partnerships, and corporations. The company is primarily involved in accepting deposits, and making loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage backed securities. In addition, the company serves as the executor of estates and trustee of personal trusts; provides asset and wealth management, estate planning and related advice, and custodial services; and acts as trustee for various types of employee benefit plans, and corporate pension and profit sharing trusts. Further, it provides retirement planning services; and operates 157 automatic teller machines. As of May 15, 2018, it operated 145 offices in New York, Florida, Massachusetts, New Jersey, and Vermont. TrustCo Bank Corp NY was founded in 1902 and is headquartered in Glenville, New York.

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