Shares of Trustmark Corp (NASDAQ:TRMK) have been given a consensus rating of “Hold” by the eight brokerages that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $34.50.
A number of research firms have recently commented on TRMK. Hovde Group set a $33.00 price target on Trustmark and gave the stock a “hold” rating in a report on Monday, February 5th. BidaskClub raised Trustmark from a “sell” rating to a “hold” rating in a report on Monday, February 5th. SunTrust Banks lowered their price target on Trustmark to $33.00 and set an “average” rating for the company in a report on Tuesday, January 30th. Stephens reissued a “hold” rating and set a $34.00 price target on shares of Trustmark in a report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 price target on shares of Trustmark in a report on Thursday, January 25th.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB acquired a new position in Trustmark in the 4th quarter worth about $257,000. MetLife Investment Advisors LLC acquired a new position in Trustmark in the 4th quarter worth about $2,359,000. Jane Street Group LLC increased its holdings in Trustmark by 27.3% in the 4th quarter. Jane Street Group LLC now owns 10,529 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 2,255 shares in the last quarter. Verition Fund Management LLC acquired a new position in Trustmark in the 4th quarter worth about $295,000. Finally, LPL Financial LLC increased its holdings in Trustmark by 34.7% in the 4th quarter. LPL Financial LLC now owns 10,579 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 2,727 shares in the last quarter. 62.82% of the stock is owned by institutional investors and hedge funds.
Trustmark (NASDAQ TRMK) traded up $0.52 during trading on Wednesday, hitting $32.54. The stock had a trading volume of 210,734 shares, compared to its average volume of 287,342. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. Trustmark has a 12 month low of $28.16 and a 12 month high of $35.09. The firm has a market cap of $2,171.53, a PE ratio of 16.68 and a beta of 1.11.
Trustmark (NASDAQ:TRMK) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. Trustmark had a return on equity of 8.35% and a net margin of 16.15%. The company had revenue of $153.06 million during the quarter, compared to analysts’ expectations of $152.80 million. During the same quarter in the previous year, the firm earned $0.43 EPS. research analysts anticipate that Trustmark will post 2.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.83%. Trustmark’s payout ratio is presently 59.35%.
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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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