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NASDAQ:TRMK

Trustmark (TRMK) Stock Forecast, Price & News

$21.28
+0.28 (+1.33%)
(As of 05:19 PM ET)
Compare
Today's Range
$20.97
$21.67
50-Day Range
$20.98
$26.37
52-Week Range
$20.28
$38.47
Volume
342,162 shs
Average Volume
310,816 shs
Market Capitalization
$1.30 billion
P/E Ratio
12.59
Dividend Yield
4.32%
Price Target
$31.33

Trustmark MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
47.2% Upside
$31.33 Price Target
Short Interest
Bearish
2.12% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.76mentions of Trustmark in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-16.90%
From $2.84 to $2.36 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Finance Sector

398th out of 877 stocks

National Commercial Banks Industry

55th out of 87 stocks


TRMK stock logo

About Trustmark (NASDAQ:TRMK) Stock

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. The company was founded in 1889 and is headquartered in Jackson, Mississippi.

TRMK Price History

TRMK Stock News Headlines

Is Trustmark (TRMK) Stock Undervalued Right Now?
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Brokerages Set Trustmark Co. (NASDAQ:TRMK) PT at $31.50
Trustmark Corporation: An Opportunity To Be Cautious About
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Q2 2023 Trustmark Corp Earnings Call
Here's what Wall Street expects from Trustmark's earnings report
Trustmark (NASDAQ: TRMK)
TRMK - Trustmark Corporation
Q1 2023 Trustmark Corp Earnings Call
See More Headlines
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TRMK Company Calendar

Last Earnings
7/25/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
9/28/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:TRMK
CUSIP
89840210
Employees
2,738
Year Founded
1913

Price Target and Rating

Average Stock Price Forecast
$31.33
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+46.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$71.89 million
Pretax Margin
11.66%

Debt

Sales & Book Value

Annual Sales
$759.32 million
Cash Flow
$3.32 per share
Book Value
$24.48 per share

Miscellaneous

Free Float
60,215,000
Market Cap
$1.31 billion
Optionable
Optionable
Beta
0.81

Social Links

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Key Executives

  • Mr. Duane Arthur Dewey CFP (Age 64)
    CFP, M.A., Pres, CEO & Director
    Comp: $1.94M
  • Mr. Thomas C. Owens (Age 58)
    Principal Financial Officer & Treasurer
    Comp: $751.08k
  • Mr. Granville Tate Jr. (Age 66)
    Sec.
    Comp: $842.7k
  • Mr. George T. Chambers Jr. (Age 62)
    Principal Accounting Officer
  • Mr. F. Joseph Rein Jr.
    Sr. VP & Assistant Sec.
  • Ms. Melanie A. Morgan
    Sr. VP & Director of Corp. Communications & Marketing













TRMK Stock - Frequently Asked Questions

Should I buy or sell Trustmark stock right now?

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.
View TRMK analyst ratings
or view top-rated stocks.

What is Trustmark's stock price forecast for 2023?

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.
View analysts price targets for TRMK
or view top-rated stocks among Wall Street analysts.

How have TRMK shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Trustmark's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our TRMK earnings forecast
.

How were Trustmark's earnings last quarter?

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.

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

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
.

What ETFs hold Trustmark's stock?

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).

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 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.

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?

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).

What is Trustmark's stock symbol?

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

Who are Trustmark's major shareholders?

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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Trustmark's stock price today?

One share of TRMK stock can currently be purchased for approximately $21.37.

How much money does Trustmark make?

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.

How many employees does Trustmark have?

The company employs 2,738 workers across the globe.

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
How can I contact Trustmark?

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.

This page (NASDAQ:TRMK) was last updated on 9/28/2023 by MarketBeat.com Staff

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