Trustmark Corp (NASDAQ:TRMK) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $33.00.
Several research firms recently issued reports on TRMK. Zacks Investment Research raised Trustmark from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. BidaskClub downgraded Trustmark from a “hold” rating to a “sell” rating in a research report on Saturday, November 23rd. Finally, ValuEngine raised Trustmark from a “sell” rating to a “hold” rating in a research report on Monday, November 4th.
NASDAQ TRMK traded down $0.11 on Tuesday, reaching $34.05. The stock had a trading volume of 239,047 shares, compared to its average volume of 328,808. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 15.41 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.04. Trustmark has a 12-month low of $26.84 and a 12-month high of $36.63. The stock has a fifty day moving average price of $34.61 and a two-hundred day moving average price of $33.68.
Trustmark (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. Trustmark had a return on equity of 9.51% and a net margin of 21.68%. The business had revenue of $160.05 million during the quarter, compared to analyst estimates of $160.21 million. During the same period last year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Sell-side analysts forecast that Trustmark will post 2.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Wednesday, November 27th. Trustmark’s payout ratio is currently 41.63%.
Institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new position in Trustmark in the 2nd quarter valued at approximately $49,000. Laurion Capital Management LP acquired a new position in shares of Trustmark in the second quarter worth $512,000. Alps Advisors Inc. purchased a new stake in shares of Trustmark during the third quarter worth $363,000. AQR Capital Management LLC increased its position in shares of Trustmark by 16.3% during the second quarter. AQR Capital Management LLC now owns 28,089 shares of the financial services provider’s stock worth $934,000 after acquiring an additional 3,937 shares during the period. Finally, Chicago Equity Partners LLC increased its position in shares of Trustmark by 251.8% during the third quarter. Chicago Equity Partners LLC now owns 73,164 shares of the financial services provider’s stock worth $2,496,000 after acquiring an additional 52,364 shares during the period. Institutional investors own 66.67% of the company’s stock.
Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit.
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