Trustmark (TRMK) Stock Forecast, Price & News

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 brokers have issued twelve-month target prices for Trustmark's stock. Their TRMK share price forecasts range from $23.00 to $38.00. On average, they anticipate the company's stock price to reach $31.33 in the next year. This suggests a possible upside of 46.6% from the stock's current price.
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Trustmark's stock was trading at $34.91 on January 1st, 2023. Since then, TRMK stock has decreased by 38.8% and is now trading at $21.37.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our TRMK earnings forecast.

Trustmark Co. (NASDAQ:TRMK) released its quarterly earnings results on Tuesday, July, 25th. The financial services provider reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.14. The financial services provider earned $193.50 million during the quarter, compared to analysts' expectations of $184.96 million. Trustmark had a net margin of 10.87% and a trailing twelve-month return on equity of 11.69%. Trustmark's revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 earnings per share.

Trustmark announced a quarterly dividend on Tuesday, July 25th. Investors of record on Friday, September 1st will be paid a dividend of $0.23 per share on Friday, September 15th. This represents a $0.92 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Thursday, August 31st.
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).

Trustmark (NASDAQ:TRMK) pays an annual dividend of $0.92 per share and currently has a dividend yield of 4.38%. TRMK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 54.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRMK will have a dividend payout ratio of 38.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRMK.

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 trades on the NASDAQ under the ticker symbol "TRMK."

Trustmark's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.56%), Dimensional Fund Advisors LP (6.24%), Earnest Partners LLC (5.99%), State Street Corp (4.67%), Geode Capital Management LLC (2.05%) and Northern Trust Corp (1.33%). 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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One share of TRMK stock can currently be purchased for approximately $21.37.

Trustmark (NASDAQ:TRMK) has a market capitalization of $1.31 billion and generates $759.32 million in revenue each year. The financial services provider earns $71.89 million in net income (profit) each year or $1.69 on an earnings per share basis.

The company employs 2,738 workers across the globe.

Trustmark's mailing address is 248 E CAPITOL STREET, JACKSON MS, 39201. The official website for the company is www.trustmark.com. The financial services provider can be reached via phone at (601) 208-5111, via email at investorrelations@trustmark.com, or via fax at 601-961-6016.