DA Davidson Has Optimistic View of Trustmark FY2025 Earnings

Trustmark Co. (NASDAQ:TRMK) – Equities research analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for Trustmark in a report issued on Thursday, April 24th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $3.38 per share for the year, up from their prior forecast of $3.34. DA Davidson currently has a “Neutral” rating and a $41.00 target price on the stock. The consensus estimate for Trustmark’s current full-year earnings is $3.42 per share.

Other research analysts have also issued research reports about the company. Keefe, Bruyette & Woods cut their price target on Trustmark from $45.00 to $43.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Janney Montgomery Scott initiated coverage on Trustmark in a research report on Friday, January 24th. They issued a “buy” rating and a $42.00 price objective on the stock. Finally, Hovde Group raised their target price on shares of Trustmark from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Trustmark has an average rating of “Hold” and a consensus price target of $39.80.

Trustmark Stock Performance

Shares of TRMK opened at $34.09 on Monday. The stock has a market capitalization of $2.07 billion, a PE ratio of 9.37 and a beta of 0.67. The stock has a 50-day simple moving average of $33.82 and a 200-day simple moving average of $35.65. Trustmark has a 1 year low of $27.42 and a 1 year high of $40.73. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87.

Trustmark (NASDAQ:TRMK) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.06. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. The company had revenue of $231.83 million during the quarter, compared to analysts’ expectations of $195.38 million.

Trustmark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be issued a $0.24 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.82%. Trustmark’s dividend payout ratio is currently 25.00%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its position in shares of Trustmark by 82.2% in the fourth quarter. Wellington Management Group LLP now owns 2,472,561 shares of the financial services provider’s stock valued at $87,454,000 after purchasing an additional 1,115,708 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Trustmark by 176.2% during the 4th quarter. JPMorgan Chase & Co. now owns 339,662 shares of the financial services provider’s stock worth $12,014,000 after purchasing an additional 216,706 shares during the last quarter. Trustmark National Bank Trust Department increased its position in Trustmark by 129.6% in the 4th quarter. Trustmark National Bank Trust Department now owns 299,423 shares of the financial services provider’s stock worth $10,591,000 after buying an additional 169,011 shares during the period. Norges Bank acquired a new position in shares of Trustmark in the fourth quarter valued at $5,704,000. Finally, Millennium Management LLC boosted its stake in Trustmark by 112.1% during the fourth quarter. Millennium Management LLC now owns 175,786 shares of the financial services provider’s stock worth $6,218,000 after buying an additional 92,890 shares in the last quarter. Institutional investors and hedge funds own 67.64% of the company’s stock.

Trustmark Company Profile

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 operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; 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, as well as treasury management services.