Split History
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Trustco Bank (TRST) has 10 splits in our TRST split history database. The first split for TRST took place on November 23, 1992. This was a 4 for 3 split, meaning for each 3 shares of TRST owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 1333.33333333333 share position following the split. TRST's second split took place on November 22, 1993. This was a 2 for 1 split, meaning for each share of TRST owned pre-split, the shareholder now owned 2 shares. For example, a 1333.33333333333 share position pre-split, became a 2666.66666666667 share position following the split. TRST's third split took place on August 01, 1995. This was a 6 for 5 split, meaning for each 5 shares of TRST owned pre-split, the shareholder now owned 6 shares. For example, a 2666.66666666667 share position pre-split, became a 3200 share position following the split. TRST's 4th split took place on October 23, 1996. This was a 115 for 100 split, meaning for each 100 shares of TRST owned pre-split, the shareholder now owned 115 shares. For example, a 3200 share position pre-split, became a 3680 share position following the split. TRST's 5th split took place on October 22, 1997. This was a 115 for 100 split, meaning for each 100 shares of TRST owned pre-split, the shareholder now owned 115 shares. For example, a 3680 share position pre-split, became a 4232 share position following the split. TRST's 6th split took place on October 21, 1998. This was a 115 for 100 split, meaning for each 100 shares of TRST owned pre-split, the shareholder now owned 115 shares. For example, a 4232 share position pre-split, became a 4866.8 share position following the split. TRST's 7th split took place on November 15, 1999. This was a 2 for 1 split, meaning for each share of TRST owned pre-split, the shareholder now owned 2 shares. For example, a 4866.8 share position pre-split, became a 9733.59999999999 share position following the split. TRST's 8th split took place on October 18, 2000. This was a 115 for 100 split, meaning for each 100 shares of TRST owned pre-split, the shareholder now owned 115 shares. For example, a 9733.59999999999 share position pre-split, became a 11193.64 share position following the split. TRST's 9th split took place on October 17, 2001. This was a 115 for 100 split, meaning for each 100 shares of TRST owned pre-split, the shareholder now owned 115 shares. For example, a 11193.64 share position pre-split, became a 12872.686 share position following the split. TRST's 10th split took place on May 28, 2021. This was a 1 for 5 reverse split, meaning for each 5 shares of TRST owned pre-split, the shareholder now owned 1 share. For example, a 12872.686 share position pre-split, became a 2574.5372 share position following the split.
When a company such as Trustco Bank splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Trustco Bank conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the TRST split history from start to finish, an original position size of 1000 shares would have turned into 2574.5372 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Trustco Bank shares, starting with a $10,000 purchase of TRST, presented on a split-history-adjusted basis factoring in the complete TRST split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/24/2014 | ||
| End date: | 04/22/2024 | ||
| Start price/share: | $33.45 | ||
| End price/share: | $26.78 | ||
| Starting shares: | 298.95 | ||
| Ending shares: | 442.17 | ||
| Dividends reinvested/share: | $13.59 | ||
| Total return: | 18.41% | ||
| Average Annual Total Return: | 1.70% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $11,836.67 | ||
| Years: | 10.00 | ||
|
Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/24/2014 | ||
| End date: | 04/22/2024 | ||
| Start price/share: | $33.45 | ||
| End price/share: | $26.78 | ||
| Dividends collected/share: | $13.59 | ||
| Total return: | 20.69% | ||
| Average Annual Total Return: | 1.90% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $12,071.58 | ||
| Years: | 10.00 | ||
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| About Trustco Bank |
| TrustCo Bank is a savings and loan holding company. Through its subsidiary, Trustco Bank (the Bank), Co. is engaged in providing general banking services to individuals and business. The primary part of Co.'s business consists of accepting deposits and making loans and investments. The Bank provides personal and business banking services. The Bank's subsidiary, Trustco Realty Corp., is a real estate investment trust that acquires, holds and manages real estate mortgage assets, including residential mortgage loans and mortgage backed securities. Trustco Financial Services, the name under which the Bank's trust department operates, serves as executor of estates and trustee of personal trusts. According to our TRST split history records, Trustco Bank has had 10 splits. |
| TRST Split History Table | |
| Date | Ratio |
| 11/23/1992 | 4 for 3 |
| 11/22/1993 | 2 for 1 |
| 08/01/1995 | 6 for 5 |
| 10/23/1996 | 115 for 100 |
| 10/22/1997 | 115 for 100 |
| 10/21/1998 | 115 for 100 |
| 11/15/1999 | 2 for 1 |
| 10/18/2000 | 115 for 100 |
| 10/17/2001 | 115 for 100 |
| 05/28/2021 | 1 for 5 |
| Financials Stock Splits |
| TRST is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
TSBK Split History Also explore: TRST shares outstanding history
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