FY2025 Earnings Estimate for Trustmark Issued By DA Davidson

Trustmark Co. (NASDAQ:TRMK - Free Report) - Analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for shares of Trustmark in a research report issued on Thursday, April 24th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $3.38 per share for the year, up from their prior estimate of $3.34. DA Davidson has a "Neutral" rating and a $41.00 price objective on the stock. The consensus estimate for Trustmark's current full-year earnings is $3.42 per share.

Trustmark (NASDAQ:TRMK - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.06. The business had revenue of $231.83 million for the quarter, compared to analyst estimates of $195.38 million. Trustmark had a return on equity of 10.12% and a net margin of 19.42%.

Other analysts have also recently issued reports about the stock. Hovde Group lifted their target price on shares of Trustmark from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday. Keefe, Bruyette & Woods dropped their target price on Trustmark from $45.00 to $43.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Janney Montgomery Scott initiated coverage on Trustmark in a research note on Friday, January 24th. They issued a "buy" rating and a $42.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $39.80.

Trustmark Trading Up 1.6 %

Shares of NASDAQ TRMK traded up $0.55 during midday trading on Monday, reaching $34.63. 11,341 shares of the stock were exchanged, compared to its average volume of 298,176. The stock has a 50 day moving average price of $33.72 and a 200-day moving average price of $35.64. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $2.11 billion, a P/E ratio of 9.49 and a beta of 0.67. Trustmark has a 52-week low of $27.42 and a 52-week high of $40.73.

Trustmark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, May 30th. Trustmark's dividend payout ratio (DPR) is currently 25.00%.

Institutional Investors Weigh In On Trustmark

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Trustmark by 124.7% in the 3rd quarter. Barclays PLC now owns 125,743 shares of the financial services provider's stock valued at $4,001,000 after purchasing an additional 69,779 shares in the last quarter. World Investment Advisors LLC purchased a new position in Trustmark in the third quarter valued at approximately $499,000. Synovus Financial Corp lifted its position in Trustmark by 101.4% during the third quarter. Synovus Financial Corp now owns 30,758 shares of the financial services provider's stock valued at $979,000 after buying an additional 15,485 shares in the last quarter. Legacy Wealth Management LLC MS grew its stake in Trustmark by 10.3% during the third quarter. Legacy Wealth Management LLC MS now owns 10,700 shares of the financial services provider's stock worth $340,000 after buying an additional 1,000 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Trustmark by 6.8% in the third quarter. Principal Financial Group Inc. now owns 598,969 shares of the financial services provider's stock worth $19,059,000 after acquiring an additional 37,989 shares in the last quarter. Hedge funds and other institutional investors 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.