Trustmark (NASDAQ:TRMK) Stock Rating Lowered by Wall Street Zen

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 research note issued on Saturday.

TRMK has been the topic of several other research reports. Keefe, Bruyette & Woods cut their price objective on Trustmark from $45.00 to $43.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Hovde Group lifted their price objective on Trustmark from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $39.80.

Trustmark Trading Up 1.1%

TRMK stock traded up $0.40 during midday trading on Friday, reaching $35.38. The stock had a trading volume of 261,794 shares, compared to its average volume of 305,684. The business has a fifty day simple moving average of $33.96 and a two-hundred day simple moving average of $35.38. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 9.72 and a beta of 0.66. Trustmark has a twelve month low of $27.42 and a twelve month high of $40.73.

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, 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 analysts' expectations of $195.38 million. As a group, research analysts expect that Trustmark will post 3.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Trustmark

Several institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Trustmark by 124.7% in the 3rd quarter. Barclays PLC now owns 125,743 shares of the financial services provider's stock valued at $4,001,000 after buying an additional 69,779 shares during the last quarter. KBC Group NV grew its holdings in Trustmark by 43.0% during the fourth quarter. KBC Group NV now owns 3,163 shares of the financial services provider's stock worth $112,000 after purchasing an additional 951 shares during the period. CIBC Asset Management Inc bought a new stake in Trustmark in the fourth quarter valued at approximately $217,000. New York State Common Retirement Fund boosted its stake in shares of Trustmark by 8.3% during the 4th quarter. New York State Common Retirement Fund now owns 19,513 shares of the financial services provider's stock worth $690,000 after acquiring an additional 1,500 shares during the period. Finally, Element Wealth LLC increased its holdings in shares of Trustmark by 6.3% during the 4th quarter. Element Wealth LLC now owns 9,018 shares of the financial services provider's stock worth $319,000 after acquiring an additional 533 shares during the last quarter. Institutional investors own 67.64% of the company's stock.

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.