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NASDAQ:TRMK

Trustmark (TRMK) Stock Price, News & Analysis

$30.23
-0.22 (-0.72%)
(As of 05/22/2024 ET)
Today's Range
$30.14
$30.54
50-Day Range
$25.46
$30.86
52-Week Range
$18.96
$31.23
Volume
150,620 shs
Average Volume
271,348 shs
Market Capitalization
$1.85 billion
P/E Ratio
11.76
Dividend Yield
3.04%
Price Target
$32.75

Trustmark MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
8.3% Upside
$32.75 Price Target
Short Interest
Bearish
2.80% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
8.30%
From $2.77 to $3.00 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.07 out of 5 stars

Finance Sector

620th out of 854 stocks

National Commercial Banks Industry

69th out of 81 stocks

TRMK stock logo

About Trustmark Stock (NASDAQ:TRMK)

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. The company also provides mortgage banking services, including construction financing, production of conventional and government-insured mortgages, and secondary marketing and mortgage servicing. In addition, it provides wealth management and trust services, such as administration of personal trusts and estates; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and corporate trust and institutional custody, securities brokerage, financial and estate planning, retirement plan, and investment management services. Further, the company offers business insurance products and services for medical professionals, construction, manufacturing, hospitality, real estate, and group life and health plans; and life and health insurance, and personal line policies for individual customers. Trustmark Corporation was founded in 1889 and is headquartered in Jackson, Mississippi.

TRMK Stock Price History

TRMK Stock News Headlines

4 Stocks Wall Street Just Thumbed Up
In-Depth Examination Of 4 Analyst Recommendations For Trustmark
KBW Keeps Their Hold Rating on Trustmark (TRMK)
Trustmark: Q1 Earnings Snapshot
Trustmark declares $0.23 dividend
Trustmark Corporation
Trustmark Corporation (TRMK)
TRMK Apr 2024 30.000 put
Are Investors Undervaluing Trustmark (TRMK) Right Now?
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Last Earnings
4/23/2024
Today
5/23/2024
Ex-Dividend for 6/15 Dividend
5/31/2024
Dividend Payable
6/15/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:TRMK
CUSIP
89840210
Employees
2,757
Year Founded
1913

Price Target and Rating

Average Stock Price Target
$32.75
High Stock Price Target
$36.00
Low Stock Price Target
$29.00
Potential Upside/Downside
+8.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$165.49 million
Pretax Margin
16.51%

Debt

Sales & Book Value

Annual Sales
$1.10 billion
Cash Flow
$3.47 per share
Book Value
$27.49 per share

Miscellaneous

Free Float
60,284,000
Market Cap
$1.85 billion
Optionable
Optionable
Beta
0.78

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Key Executives

  • Mr. Thomas C. Owens (Age 59)
    Principal Financial Officer & Treasurer
    Comp: $752.06k
  • Mr. Granville Tate Jr. (Age 67)
    Secretary
    Comp: $819.29k
  • Mr. George T. Chambers Jr. (Age 63)
    Principal Accounting Officer
  • Mr. F. Joseph Rein Jr.
    Senior VP & Assistant Secretary
  • Ms. Melanie A. Morgan
    Senior VP & Director of Corporate Communications & Marketing

TRMK Stock Analysis - Frequently Asked Questions

Should I buy or sell Trustmark stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Trustmark in the last twelve months. There are currently 3 hold ratings and 1 buy rating 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.
View TRMK analyst ratings
or view top-rated stocks.

What is Trustmark's stock price target for 2024?

4 Wall Street research analysts have issued 12-month target prices for Trustmark's stock. Their TRMK share price targets range from $29.00 to $36.00. On average, they expect the company's share price to reach $32.75 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
View analysts price targets for TRMK
or view top-rated stocks among Wall Street analysts.

How have TRMK shares performed in 2024?

Trustmark's stock was trading at $27.88 at the beginning of the year. Since then, TRMK shares have increased by 8.4% and is now trading at $30.23.
View the best growth stocks for 2024 here
.

When is Trustmark's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our TRMK earnings forecast
.

How were Trustmark's earnings last quarter?

Trustmark Co. (NASDAQ:TRMK) issued its quarterly earnings results on Tuesday, April, 23rd. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.08. The financial services provider earned $288.55 million during the quarter, compared to analyst estimates of $187.03 million. Trustmark had a net margin of 13.82% and a trailing twelve-month return on equity of 10.04%. During the same quarter last year, the company earned $0.82 EPS.

How often does Trustmark pay dividends? What is the dividend yield for Trustmark?

Trustmark declared a quarterly dividend on Tuesday, April 23rd. Investors of record on Saturday, June 1st will be given a dividend of $0.23 per share on Saturday, June 15th. This represents a $0.92 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Friday, May 31st.
Read our dividend analysis for TRMK
.

Is Trustmark a good dividend stock?

Trustmark (NASDAQ:TRMK) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.02%. The dividend payout ratio is 35.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRMK will have a dividend payout ratio of 30.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRMK.

What ETFs hold Trustmark's stock?
What is Gerard R. (Jerry) Host's approval rating as Trustmark's CEO?

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.

What other stocks do shareholders of Trustmark own?
Who are Trustmark's major shareholders?

Trustmark's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.96%), Earnest Partners LLC (5.46%), Principal Financial Group Inc. (0.94%), Stieven Capital Advisors L.P. (0.82%), Empowered Funds LLC (0.30%) and Ignite Planners LLC (0.23%). Insiders that own company stock include Marcelo L Eduardo, Richard H Puckett and Tracy T Conerly.
View institutional ownership trends
.

How do I buy shares of Trustmark?

Shares of TRMK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Trustmark have any subsidiaries?
The following companies are subsidiares of Trustmark: CoreSource, Health Contact Partners, Health Fitness Corporation, Optimal Business Services, Starmark, Trustmark Group, Trustmark Insurance, and Trustmark Voluntary Benefit Solutions.
Read More
This page (NASDAQ:TRMK) was last updated on 5/23/2024 by MarketBeat.com Staff

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