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 analysts have issued 12 month price targets for Trustmark's stock. Their TRMK share price forecasts range from $28.00 to $38.00. On average, they expect the company's share price to reach $33.17 in the next twelve months. This suggests a possible upside of 52.2% from the stock's current price.
View analysts price targets for TRMK or view top-rated stocks among Wall Street analysts.

Trustmark's stock was trading at $34.91 at the beginning of 2023. Since then, TRMK stock has decreased by 37.6% and is now trading at $21.79.
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Trustmark saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,210,000 shares, an increase of 21.0% from the April 30th total of 1,000,000 shares. Based on an average daily trading volume, of 327,300 shares, the days-to-cover ratio is currently 3.7 days. Approximately 2.2% of the company's stock are short sold.
View Trustmark's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our TRMK earnings forecast.

Trustmark Co. (NASDAQ:TRMK) announced its earnings results on Tuesday, April, 25th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.13. The financial services provider had revenue of $188.97 million for the quarter, compared to analysts' expectations of $189.76 million. Trustmark had a net margin of 10.91% and a trailing twelve-month return on equity of 10.96%. The business's revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS.

Trustmark declared a quarterly dividend on Tuesday, April 25th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.23 per share on Thursday, June 15th. This represents a $0.92 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Wednesday, May 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), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), iShares US Small Cap Value Factor ETF (SVAL) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV).

Trustmark (NASDAQ:TRMK) pays an annual dividend of $0.92 per share and currently has a dividend yield of 4.22%. TRMK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 60.93%. 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.

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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.78%), Dimensional Fund Advisors LP (6.57%), State Street Corp (5.01%), Geode Capital Management LLC (1.99%), New York State Common Retirement Fund (1.23%) and Charles Schwab Investment Management Inc. (1.18%). Insiders that own company stock include Gerard R Host, Harry M Walker, Marcelo L Eduardo, Richard H Puckett and Tracy T Conerly.
View institutional ownership trends.

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 $21.79.

Trustmark (NASDAQ:TRMK) has a market capitalization of $1.33 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 $1.51 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.