Trustmark (NASDAQ:TRMK - Get Free Report) had its price objective boosted by analysts at Hovde Group from $36.00 to $37.00 in a research report issued on Monday, Marketbeat reports. The firm currently has a "market perform" rating on the financial services provider's stock. Hovde Group's target price would suggest a potential upside of 8.57% from the company's current price.
TRMK has been the topic of a number of other research reports. Janney Montgomery Scott assumed coverage on Trustmark in a report on Friday, January 24th. They issued a "buy" rating and a $42.00 target price on the stock. DA Davidson raised their target price on Trustmark from $40.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reduced their target price on Trustmark from $45.00 to $43.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $39.80.
View Our Latest Stock Analysis on TRMK
Trustmark Price Performance
Trustmark stock traded up $0.53 during mid-day trading on Monday, reaching $34.08. 339,980 shares of the company were exchanged, compared to its average volume of 299,296. The company has a fifty day simple moving average of $33.72 and a 200-day simple moving average of $35.64. Trustmark has a 12 month low of $27.42 and a 12 month high of $40.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market cap of $2.07 billion, a PE ratio of 9.36 and a beta of 0.67.
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, topping analysts' consensus estimates of $0.82 by $0.06. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. The firm had revenue of $231.83 million for the quarter, compared to analyst estimates of $195.38 million. As a group, equities research analysts expect that Trustmark will post 3.42 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Trustmark
Several hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp bought a new position in shares of Trustmark during the fourth quarter worth about $37,000. Lazard Asset Management LLC acquired a new stake in Trustmark during the 4th quarter valued at approximately $47,000. GAMMA Investing LLC increased its position in Trustmark by 41.0% during the 1st quarter. GAMMA Investing LLC now owns 1,809 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 526 shares during the period. Sterling Capital Management LLC increased its position in Trustmark by 817.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,918 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 1,709 shares during the period. Finally, Mascagni Wealth Management Inc. acquired a new stake in Trustmark during the 4th quarter valued at approximately $82,000. Institutional investors and hedge funds own 67.64% of the company's stock.
About Trustmark
(
Get Free Report)
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.
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