Wall Street Zen Downgrades Trustmark (NASDAQ:TRMK) to Hold

Trustmark (NASDAQ:TRMK - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Several other research analysts have also weighed in on TRMK. Hovde Group lifted their price objective 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. Keefe, Bruyette & Woods reduced their price objective 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $39.80.

Trustmark Stock Up 1.6%

Shares of NASDAQ TRMK opened at $34.81 on Friday. The firm has a market capitalization of $2.11 billion, a PE ratio of 9.56 and a beta of 0.66. 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 has a 1 year low of $27.42 and a 1 year high of $40.73. The firm's 50-day moving average is $33.88 and its 200-day moving average is $35.44.

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

Institutional Trading of Trustmark

Hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp acquired a new stake in Trustmark during the 4th quarter worth approximately $37,000. Lazard Asset Management LLC acquired a new stake in Trustmark during the 4th quarter worth approximately $47,000. IFP Advisors Inc acquired a new stake in Trustmark during the 1st quarter worth approximately $51,000. State of Wyoming acquired a new stake in Trustmark during the 1st quarter worth approximately $52,000. Finally, GAMMA Investing LLC raised its holdings in Trustmark by 41.0% during the 1st quarter. GAMMA Investing LLC now owns 1,809 shares of the financial services provider's stock worth $62,000 after buying an additional 526 shares during the period. 67.64% of the stock is currently owned by institutional investors and hedge funds.

Trustmark Company Profile

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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