Trustco Bank Corp: Outstanding Free Cash Flow Covers High And Rising Dividend

If one applies the earnings to enterprise value, TrustCo would have a run rate of $.36. Using the 15.27 average PE sector for banks, the company would receives a value of $5.49. Once again TrustCo seems to get zero value for its cash holdings and strong cash flow. When you value the ongoing equity plus cash using cash equity value modeling its value would be about $11.00 a share. Due to banks profits, mark-ups, mark-downs and accounting, the price to sales ratio would not be a fair indicator of value. Great Cash flow: TrustCo generated over $34 million in free cash flow from operations in its trailing fiscal year. That works out $.44 per share. Realizing the value of the entire enterprise is only 2 cents per share, again subtracting out the cash and debt, the return on enterprise (ROE) works out to be an undefined number, because the enterprise basically has a zero value. With the annual dividend rate of $.264 per share, TrustCo is paying out about 60% of its operational cash flow to shareholders.







Bank of the West Relies on Axway to Govern the Flow of Data with Leading Cash Management Client Integration Solution





Additionally, Bank of the West now offers customers and prospects key competitive benefits, including: Flexibility to support any client format, standard or proprietary: Allows Bank of the West to map customer files in whichever format needed. Real-time, multichannel monitoring and reporting: Allows Bank of the West to know when issues, or potential issues, need attention through alerts and rules built into the system, increasing the level of data-flow visibility. Automation of mission-critical financial processes: Allows Bank of the West to work with software and ERP vendors to help customers meet their business efficiency and cost-saving goals. For large financial institutions whose services are dependent on technical capabilities and the ability to integrate with customers and share and secure information, having the right solutions in place is critical. This is especially important as more and more information is being exchanged through cloud and mobile devices, said Rob Meyer, vice president of solutions marketing at Axway. Not only was Bank of the West able to effectively evolve their cash management offering to meet these demands, but they were able to do it by building upon existing technology to help stay ahead of industry changes and growth. With the help of Axways solutions, Bank of the West was able to build upon existing infrastructure, offer new solutions and set the stage for growth and development in the future. Additional phases include a number of enhancements to legacy batch processing, including any-to-any translation, automated notification of file totals to the client for confirmation purposes, and integration of additional cash management products, such as commercial cards and liquidity management.





Cash flow helps lift local markets





The market saw strong liquidity yesterday. VNA/VNS Photo Pham Hau On the HCM City Stock Exchange, about 125.5 million shares changed hands for a total value of VND1.766 trillion (US$84.09 million), marking the return of speculative cash. The VN-Index jumped 0.61 per cent to 511.62 points, successfully exceeding the strong resistance band of 505-510 points. The VN30-Index, tracking the southern city's top shares by capitalisation and liquidity, gained 0.5 per cent to hit 571.71 points. Gainers overwhelmed losers by 18-7. PetroVietnam Transportation Corporation (PVT) rose VND800 ($0.038) to the ceiling price of VND12,400 ($0.59) per share. REE Corporation (REE) surged 4.2 per cent to VND29,600 ($1.4) per share.