FY2025 Earnings Forecast for Trustmark Issued By DA Davidson

Key Points

• DA Davidson has increased its FY2025 earnings per share estimate for Trustmark to $3.75, up from $3.44, while maintaining a "Neutral" rating and a target price of $43.00 for the stock.
• Trustmark's recent quarterly earnings reported an EPS of $0.92, exceeding the consensus estimate by $0.06, with revenues totaling $203.44 million.
• The company has announced a quarterly dividend of $0.24 per share, with a dividend yield of 2.48%, set to be paid on September 15th.

Trustmark Corporation (NASDAQ:TRMK - Free Report) - DA Davidson raised their FY2025 earnings per share (EPS) estimates for shares of Trustmark in a research note issued on Thursday, July 24th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings of $3.75 per share for the year, up from their previous estimate of $3.44. DA Davidson has a "Neutral" rating and a $43.00 price objective on the stock. The consensus estimate for Trustmark's current full-year earnings is $3.42 per share. DA Davidson also issued estimates for Trustmark's FY2026 earnings at $3.91 EPS.

TRMK has been the subject of a number of other reports. Wall Street Zen cut Trustmark from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Hovde Group upped their price target on Trustmark from $37.00 to $41.00 and gave the company a "market perform" rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods lowered their price target on Trustmark from $45.00 to $43.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $41.00.

Trustmark Trading Down 0.9%

Shares of TRMK stock traded down $0.37 on Friday, reaching $38.30. The company had a trading volume of 44,394 shares, compared to its average volume of 323,112. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.32 billion, a PE ratio of 10.76 and a beta of 0.66. The company has a 50-day moving average of $36.19 and a 200-day moving average of $35.36. Trustmark has a 12 month low of $29.77 and a 12 month high of $40.73.

Trustmark (NASDAQ:TRMK - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. The firm had revenue of $203.44 million during the quarter, compared to analysts' expectations of $200.35 million. Trustmark had a return on equity of 10.81% and a net margin of 19.21%. During the same period in the previous year, the business posted $0.66 EPS.

Trustmark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be given a $0.24 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.96 annualized dividend and a dividend yield of 2.51%. Trustmark's dividend payout ratio is presently 26.97%.

Hedge Funds Weigh In On Trustmark

Several institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC grew its position in shares of Trustmark by 16.3% in the 2nd quarter. CWM LLC now owns 6,577 shares of the financial services provider's stock valued at $240,000 after purchasing an additional 922 shares during the period. State of Alaska Department of Revenue grew its position in shares of Trustmark by 6.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 35,981 shares of the financial services provider's stock valued at $1,311,000 after purchasing an additional 2,177 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Trustmark in the 2nd quarter valued at approximately $319,000. GAMMA Investing LLC grew its position in shares of Trustmark by 23.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,228 shares of the financial services provider's stock valued at $81,000 after purchasing an additional 419 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of Trustmark by 43.7% in the 1st quarter. Intech Investment Management LLC now owns 50,496 shares of the financial services provider's stock valued at $1,742,000 after purchasing an additional 15,355 shares during the period. 67.64% of the stock is currently owned by institutional investors and hedge funds.

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.