Trustmark Corporation (NASDAQ:TRMK - Get Free Report) has been assigned an average rating of "Hold" from the five brokerages that are covering the stock, MarketBeat reports. Three 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 covered the stock in the last year is $39.80.
Several research firms recently commented on TRMK. Keefe, Bruyette & Woods reduced their price target on shares of Trustmark from $45.00 to $43.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Wall Street Zen downgraded shares of Trustmark from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. Finally, Hovde Group upped their price target on shares of Trustmark from $36.00 to $37.00 and gave the company a "market perform" rating in a research report on Monday, April 28th.
Check Out Our Latest Analysis on Trustmark
Trustmark Stock Down 0.1%
Shares of NASDAQ:TRMK traded down $0.04 during trading on Friday, hitting $38.55. 22,033 shares of the company were exchanged, compared to its average volume of 307,916. The stock has a market capitalization of $2.33 billion, a P/E ratio of 10.05 and a beta of 0.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86. Trustmark has a 12-month low of $28.76 and a 12-month high of $40.73. The firm's 50 day moving average price is $35.17 and its 200-day moving average price is $35.04.
Trustmark (NASDAQ:TRMK - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.06. Trustmark had a net margin of 20.73% and a return on equity of 10.29%. The business had revenue of $231.83 million during the quarter, compared to the consensus estimate of $195.38 million. On average, research analysts predict that Trustmark will post 3.42 earnings per share for the current fiscal year.
Trustmark Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st were given a dividend of $0.24 per share. The ex-dividend date was Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.49%. Trustmark's payout ratio is currently 25.00%.
Hedge Funds Weigh In On Trustmark
Large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in Trustmark during the 4th quarter worth $37,000. Lazard Asset Management LLC purchased a new position in shares of Trustmark in the 4th quarter valued at about $47,000. IFP Advisors Inc purchased a new position in shares of Trustmark in the 1st quarter valued at about $51,000. State of Wyoming purchased a new position in shares of Trustmark in the 1st quarter valued at about $52,000. Finally, GAMMA Investing LLC increased its holdings in shares of Trustmark by 41.0% in 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 in the last quarter. Hedge funds and other institutional investors own 67.64% of the company's stock.
Trustmark Company Profile
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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.
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