DA Davidson Issues Negative Estimate for Trustmark Earnings

Trustmark Corporation (NASDAQ:TRMK - Free Report) - Investment analysts at DA Davidson dropped their Q2 2025 earnings per share (EPS) estimates for shares of Trustmark in a research report issued to clients and investors on Friday, June 27th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $0.81 per share for the quarter, down from their prior estimate of $0.82. The consensus estimate for Trustmark's current full-year earnings is $3.42 per share. DA Davidson also issued estimates for Trustmark's FY2025 earnings at $3.44 EPS and FY2026 earnings at $3.61 EPS.

Several other analysts have also commented on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Trustmark from $45.00 to $43.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen lowered Trustmark from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Finally, Hovde Group boosted their price objective on shares of Trustmark from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $39.80.

Trustmark Stock Performance

Shares of TRMK traded up $0.43 during mid-day trading on Monday, hitting $38.59. 203,724 shares of the company traded hands, compared to its average volume of 308,013. The stock has a 50-day moving average price of $34.96 and a two-hundred day moving average price of $35.02. Trustmark has a 1 year low of $28.76 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. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 10.05 and a beta of 0.66.

Trustmark (NASDAQ:TRMK - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.82 by $0.06. The business had revenue of $231.83 million for the quarter, compared to the consensus estimate of $195.38 million. Trustmark had a return on equity of 10.29% and a net margin of 20.73%.

Trustmark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.96 annualized dividend and a yield of 2.49%. Trustmark's dividend payout ratio is presently 25.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC raised its stake in Trustmark by 43.7% during the 1st quarter. Intech Investment Management LLC now owns 50,496 shares of the financial services provider's stock worth $1,742,000 after acquiring an additional 15,355 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Trustmark by 297.4% in the 1st quarter. Jane Street Group LLC now owns 124,875 shares of the financial services provider's stock valued at $4,307,000 after purchasing an additional 93,449 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Trustmark by 9.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,357 shares of the financial services provider's stock valued at $4,772,000 after purchasing an additional 11,805 shares during the period. Goldman Sachs Group Inc. grew its stake in Trustmark by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 470,756 shares of the financial services provider's stock worth $16,236,000 after buying an additional 69,110 shares during the last quarter. Finally, Millennium Management LLC increased its position in Trustmark by 12.4% during the first quarter. Millennium Management LLC now owns 197,652 shares of the financial services provider's stock worth $6,817,000 after buying an additional 21,866 shares during the period. Institutional investors and hedge funds own 67.64% of the company's stock.

About Trustmark

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.