Shares of Trustmark Co. (NASDAQ:TRMK - Get Free Report) have received an average rating of "Hold" from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $39.80.
A number of analysts have weighed in 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 target price on the stock. Hovde Group boosted 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, April 28th. DA Davidson boosted their target price on shares of Trustmark from $40.00 to $41.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Trustmark from $45.00 to $43.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th.
Read Our Latest Stock Report on TRMK
Trustmark Stock Down 0.1%
Shares of NASDAQ TRMK opened at $35.99 on Friday. The stock has a 50-day moving average price of $33.75 and a two-hundred day moving average price of $35.70. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 9.89 and a beta of 0.63. Trustmark has a 12 month low of $27.42 and a 12 month 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.
Trustmark (NASDAQ:TRMK - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. The firm had revenue of $231.83 million for the quarter, compared to analysts' expectations of $195.38 million. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. As a group, analysts forecast that Trustmark will post 3.42 earnings per share for the current fiscal year.
Trustmark Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.67%. Trustmark's dividend payout ratio is 25.00%.
Institutional Trading of Trustmark
Institutional investors have recently modified their holdings of the business. Barclays PLC grew its stake 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 worth $4,001,000 after purchasing an additional 69,779 shares during the last quarter. Principal Financial Group Inc. boosted its position in Trustmark by 6.8% during 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 acquiring an additional 37,989 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Trustmark by 10.7% during the third quarter. JPMorgan Chase & Co. now owns 122,956 shares of the financial services provider's stock valued at $3,912,000 after acquiring an additional 11,934 shares during the last quarter. CIBC Asset Management Inc bought a new stake in Trustmark during the fourth quarter valued at $217,000. Finally, BankPlus Wealth Management LLC bought a new stake in Trustmark during the fourth quarter valued at $433,000. Institutional investors own 67.64% of the company's stock.
Trustmark Company Profile
(
Get Free ReportTrustmark 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Trustmark, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trustmark wasn't on the list.
While Trustmark currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
