Shares of Trustmark Corporation (NASDAQ:TRMK) have been given an average rating of “Hold” by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.60.
TRMK has been the subject of a number of research reports. Stephens set a $35.00 price target on shares of Trustmark Corporation and gave the stock a “hold” rating in a report on Wednesday, July 26th. BidaskClub cut shares of Trustmark Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Jefferies Group LLC restated a “hold” rating and issued a $35.00 price target on shares of Trustmark Corporation in a report on Friday, June 9th. Finally, Zacks Investment Research upgraded shares of Trustmark Corporation from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, June 28th.
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Shares of Trustmark Corporation (TRMK) traded up 0.22% during trading on Friday, reaching $31.43. The company’s stock had a trading volume of 127,542 shares. The company has a market capitalization of $2.13 billion, a P/E ratio of 18.51 and a beta of 1.15. The company’s 50-day moving average is $30.20 and its 200-day moving average is $31.58. Trustmark Corporation has a 12 month low of $26.81 and a 12 month high of $36.79.
Trustmark Corporation (NASDAQ:TRMK) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. The business had revenue of $157.10 million during the quarter, compared to analysts’ expectations of $152.57 million. Trustmark Corporation had a net margin of 18.35% and a return on equity of 8.04%. During the same period last year, the company posted $0.40 earnings per share. On average, analysts forecast that Trustmark Corporation will post $1.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Wednesday, August 30th. Trustmark Corporation’s payout ratio is 54.12%.
In other Trustmark Corporation news, insider Charles Scott Woods sold 1,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $32.00, for a total value of $32,000.00. Following the completion of the sale, the insider now directly owns 13,344 shares in the company, valued at $427,008. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.37% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP grew its holdings in shares of Trustmark Corporation by 23.3% during the second quarter. Susquehanna International Group LLP now owns 67,457 shares of the financial services provider’s stock valued at $2,170,000 after buying an additional 12,757 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Trustmark Corporation by 12.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,436 shares of the financial services provider’s stock valued at $239,000 after buying an additional 844 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Trustmark Corporation by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 167,561 shares of the financial services provider’s stock valued at $5,389,000 after buying an additional 1,382 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of Trustmark Corporation by 16.9% during the second quarter. Earnest Partners LLC now owns 2,026,880 shares of the financial services provider’s stock valued at $65,184,000 after buying an additional 292,290 shares during the last quarter. Finally, Sciencast Management LP acquired a new position in shares of Trustmark Corporation during the second quarter valued at about $264,000. Hedge funds and other institutional investors own 62.36% of the company’s stock.
About Trustmark Corporation
Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.
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