Trustmark (TRMK) Stock Price, News & Analysis

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Trustmark in the last year. There are currently 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TRMK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRMK, but not buy additional shares or sell existing shares.
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5 Wall Street research analysts have issued 1-year price targets for Trustmark's stock. Their TRMK share price targets range from $23.00 to $38.00. On average, they anticipate the company's stock price to reach $30.00 in the next year. This suggests a possible upside of 15.3% from the stock's current price.
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Trustmark's stock was trading at $34.91 at the start of the year. Since then, TRMK shares have decreased by 25.4% and is now trading at $26.03.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 23rd 2024.
View our TRMK earnings forecast.

Trustmark Co. (NASDAQ:TRMK) announced its quarterly earnings results on Tuesday, October, 24th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.05. The financial services provider had revenue of $194.16 million for the quarter, compared to the consensus estimate of $191.27 million. Trustmark had a net margin of 9.18% and a trailing twelve-month return on equity of 11.35%.

Trustmark declared a quarterly dividend on Tuesday, October 24th. Stockholders of record on Friday, December 1st will be given a dividend of $0.23 per share on Friday, December 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for TRMK.

Trustmark (NASDAQ:TRMK) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.60%. The dividend payout ratio is 58.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRMK will have a dividend payout ratio of 40.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRMK.

ETFs with the largest weight of Trustmark (NASDAQ:TRMK) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR) and Invesco S&P SmallCap Low Volatility ETF (XSLV).First Trust NASDAQ ABA Community Bank Index Fund (QABA).

38 employees have rated Trustmark Chief Executive Officer Gerard R. (Jerry) Host on Glassdoor.com. Gerard R. (Jerry) Host has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Trustmark investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Aegon (AEG), AutoZone (AZO), Marathon Petroleum (MPC), AT&T (T) and BJ's Restaurants (BJRI).

Trustmark's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Earnest Partners LLC (5.81%), Charles Schwab Investment Management Inc. (1.36%), Northern Trust Corp (1.33%), Bank of New York Mellon Corp (1.03%), Principal Financial Group Inc. (1.00%) and Newport Trust Company LLC (0.98%). Insiders that own company stock include Gerard R Host, Harry M Walker, Marcelo L Eduardo, Richard H Puckett and Tracy T Conerly.
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Shares of TRMK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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