NASDAQ:TRMKTrustmark Stock Price, Forecast & News

Trustmark's stock was trading at $22.87 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TRMK stock has increased by 1.9% and is now trading at $23.31. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Trustmark in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Trustmark.

Trustmark is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Trustmark.

Trustmark Corp (NASDAQ:TRMK) released its quarterly earnings results on Tuesday, April, 28th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.09. The financial services provider earned $169.20 million during the quarter, compared to the consensus estimate of $153.50 million. Trustmark had a net margin of 19.11% and a return on equity of 8.81%. The firm's revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. View Trustmark's earnings history.

Trustmark announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.23 per share on Monday, June 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Friday, May 29th. View Trustmark's dividend history.

2 equities research analysts have issued twelve-month target prices for Trustmark's shares. Their forecasts range from $25.00 to $36.00. On average, they expect Trustmark's share price to reach $30.50 in the next twelve months. This suggests a possible upside of 30.8% from the stock's current price. View analysts' price targets for Trustmark.

News articles about TRMK stock have been trending negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Trustmark earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about Trustmark.

Trustmark saw a decrease in short interest in June. As of June 30th, there was short interest totaling 2,300,000 shares, a decrease of 16.1% from the June 15th total of 2,740,000 shares. Based on an average daily volume of 419,500 shares, the days-to-cover ratio is currently 5.5 days. Currently, 3.7% of the shares of the company are sold short. View Trustmark's Current Options Chain.

Some companies that are related to Trustmark include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

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), AutoZone (AZO), AEGON (AEG), BJ's Restaurants (BJRI), Continental Resources (CLR) and Designer Brands (DBI).

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

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

One share of TRMK stock can currently be purchased for approximately $23.31.

Trustmark has a market capitalization of $1.48 billion and generates $710.41 million in revenue each year. The financial services provider earns $150.46 million in net income (profit) each year or $2.45 on an earnings per share basis. Trustmark employs 2,844 workers across the globe.

The official website for Trustmark is www.trustmark.com.

Trustmark's mailing address is 248 E CAPITOL STREET, JACKSON MS, 39201. The financial services provider can be reached via phone at 601-208-5111 or via email at [email protected]