Shares of Trustmark Corp (NASDAQ:TRMK) have earned an average recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $34.50.
A number of brokerages have recently weighed in on TRMK. BidaskClub lowered shares of Trustmark from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine lowered shares of Trustmark from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 price objective on shares of Trustmark in a report on Thursday, October 26th. Jefferies Group reissued a “hold” rating and set a $36.00 price objective on shares of Trustmark in a report on Thursday, October 12th. Finally, Zacks Investment Research lowered shares of Trustmark from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th.
A number of large investors have recently bought and sold shares of TRMK. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Trustmark by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 296 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in Trustmark by 37.6% in the second quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,216 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Trustmark in the third quarter valued at $202,000. Riverhead Capital Management LLC boosted its holdings in Trustmark by 38.5% in the second quarter. Riverhead Capital Management LLC now owns 7,065 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 1,965 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Trustmark by 12.8% in 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 purchasing an additional 844 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors.
Shares of Trustmark (NASDAQ TRMK) traded up $0.31 on Tuesday, hitting $31.92. 312,300 shares of the stock were exchanged, compared to its average volume of 326,267. The stock has a market capitalization of $2,141.33, a price-to-earnings ratio of 18.24 and a beta of 1.16. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.04. Trustmark has a 12-month low of $28.16 and a 12-month high of $36.04.
Trustmark (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $153.37 million for the quarter, compared to analyst estimates of $154.40 million. Trustmark had a net margin of 18.56% and a return on equity of 8.21%. During the same period in the previous year, the company earned $0.47 earnings per share. equities research analysts forecast that Trustmark will post 1.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, November 30th. Trustmark’s payout ratio is 52.57%.
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Trustmark Company Profile
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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