Trustmark Co. (NASDAQ:TRMK) Receives $39.80 Average PT from Analysts

Shares of Trustmark Co. (NASDAQ:TRMK - Get Free Report) have received a consensus rating of "Hold" from the five brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $39.80.

A number of research analysts have recently issued reports on the stock. Janney Montgomery Scott assumed coverage on shares of Trustmark in a research note on Friday, January 24th. They set a "buy" rating and a $42.00 price target on the stock. Keefe, Bruyette & Woods lowered their target price 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. Hovde Group upped 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, April 28th. Finally, DA Davidson upped their target price on shares of Trustmark from $40.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th.

Institutional Trading of Trustmark

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC lifted its holdings in shares of Trustmark by 124.7% in the third 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. Principal Financial Group Inc. lifted its holdings 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 valued at $19,059,000 after purchasing an additional 37,989 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Trustmark by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 122,956 shares of the financial services provider's stock valued at $3,912,000 after purchasing an additional 11,934 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Trustmark in the fourth quarter valued at about $217,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Trustmark in the fourth quarter valued at about $1,145,000. Hedge funds and other institutional investors own 67.64% of the company's stock.

Trustmark Stock Performance

Shares of Trustmark stock traded down $0.22 on Friday, reaching $34.71. 200,546 shares of the stock were exchanged, compared to its average volume of 303,091. Trustmark has a 1-year low of $27.42 and a 1-year high of $40.73. 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 business has a fifty day moving average price of $33.88 and a two-hundred day moving average price of $35.72. The firm has a market capitalization of $2.10 billion, a PE ratio of 9.54 and a beta of 0.63.

Trustmark (NASDAQ:TRMK - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. The business had revenue of $231.83 million for the quarter, compared to analyst estimates of $195.38 million. As a group, research analysts anticipate that Trustmark will post 3.42 earnings per share for the current fiscal year.

Trustmark Announces Dividend

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

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.