NASDAQ:TRMKTrustmark Stock Price, Forecast & News

$23.15

-0.32 (-1.36 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$23.03

Now: $23.15▼

$23.95

50-Day Range

$21.25

MA: $23.96▼

$27.40

52-Week Range

$20.26

Now: $23.15▼

$36.04

Volume336,400 shs

Average Volume349,847 shs

Market Capitalization$1.47 billion

P/E Ratio10.67

Dividend Yield3.97%

Beta1.07

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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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. It also provides mortgage banking services, including construction financing, production of conventional and government insured mortgages, and secondary marketing and mortgage servicing; overdraft facilities; and treasury management services. In addition, 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, as well as provides an intermediary vehicle for the provision of loans or investments in low-income communities. Further, it engages in the administration of personal trusts and estates; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and provision of corporate trust and institutional custody, securities brokerage, financial and estate planning, retirement plan, and investment management services. As of December 31, 2018, the company operated 181 full-service branches and 14 limited-service branches; 178 ATMs and 4 interactive teller machines (ITMs) at on-premise locations; and 61 ATMs and 3 ITMs at off-premise locations. Trustmark Corporation was founded in 1889 and is headquartered in Jackson, Mississippi.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Trustmark has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.50, Trustmark has a potential upside of 31.7% from its current price of $23.15.
Amount of Analyst Coverage
Trustmark has only been the subject of 1 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Trustmark has received 273 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Trustmark has received 441 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Trustmark has received 61.76% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Trustmark and other stocks. Vote “Outperform” if you believe TRMK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TRMK will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Trustmark is a leading dividend payer. It pays a dividend yield of 3.97%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Trustmark does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Trustmark is 37.55 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Trustmark will have a dividend payout ratio of 65.25 % next year. This indicates that Trustmark will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Trustmark insiders have bought more of their company's stock than they have sold. Specifically, they have bought $135,420.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.60% of the stock of Trustmark is held by insiders.
Percentage Held by Institutions
63.43% of the stock of Trustmark is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Trustmark are expected to decrease by -12.42% in the coming year, from $1.61 to $1.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Trustmark is 10.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Trustmark is 10.67, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.55.
Price to Book Value per Share Ratio
Trustmark has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.82 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:TRMK

Previous Symbol

CUSIP89840210

CIK36146

Webwww.trustmark.com

Phone601-208-5111

Debt

Debt-to-Equity Ratio0.04

Current Ratio0.84

Quick Ratio0.82

Price-To-Earnings

Trailing P/E Ratio10.67

Forward P/E Ratio14.38

P/E GrowthN/A

Sales & Book Value

Annual Sales$710.41 million

Price / Sales2.07

Cash Flow$3.17 per share

Price / Cash Flow7.31

Book Value$25.84 per share

Price / Book0.90

Profitability

EPS (Most Recent Fiscal Year)$2.45

Net Income$150.46 million

Net Margins19.11%

Return on Equity8.81%

Return on Assets1.06%

Miscellaneous

Employees2,844

Outstanding Shares63,421,000

Market Cap$1.47 billion

Next Earnings Date7/28/2020 (Estimated)

OptionableOptionable

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Trustmark (NASDAQ:TRMK) Frequently Asked Questions

How has Trustmark's stock been impacted by COVID-19 (Coronavirus)?

Trustmark's stock was trading at $22.87 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TRMK shares have increased by 1.2% and is now trading at $23.15. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Trustmark?

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.

When is Trustmark's next earnings date?

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

How were Trustmark's earnings last quarter?

Trustmark Corp (NASDAQ:TRMK) issued its earnings results on Tuesday, April, 28th. The financial services provider reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates 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 company's revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. View Trustmark's earnings history.

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

Trustmark declared a quarterly dividend on Tuesday, April 28th. Investors 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 annualized dividend and a yield of 3.97%. The ex-dividend date is Friday, May 29th. View Trustmark's dividend history.

What price target have analysts set for TRMK?

2 brokers have issued 1-year price objectives 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 year. This suggests a possible upside of 31.7% from the stock's current price. View analysts' price targets for Trustmark.

Has Trustmark been receiving favorable news coverage?

Media coverage about TRMK stock has been trending extremely negative recently, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Trustmark earned a news sentiment score of -4.0 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the near term. View the latest news aboutTrustmark.

Who are some of Trustmark's key competitors?

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

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

Who are Trustmark's key executives?

Trustmark's management team includes the following people:

Mr. Gerard R. Host, Pres, CEO & Director (Age 64)
Mr. Louis E. Greer, Treasurer & Principal Financial Officer (Age 64)
Mr. F. Joseph Rein Jr., Sr. VP & Assistant Sec.
Ms. Melanie A. Morgan, Sr. VP & Director of Corp. Communications & Marketing
Mr. Granville Tate Jr., Sec. (Age 62)

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (13.95%), State Street Corp (3.71%), JPMorgan Chase & Co. (2.17%), Invesco Ltd. (2.06%), Geode Capital Management LLC (1.54%) and Bank of New York Mellon Corp (1.50%). Company insiders that own Trustmark stock include Adolphus B Baker, Breck W Tyler, Charles Scott Woods, Harry M Walker, Leroy G Walker Jr, Richard H Puckett and Robert B Harvey. View institutional ownership trends for Trustmark.

Which major investors are selling Trustmark stock?

TRMK stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., UBS Group AG, Morgan Stanley, JPMorgan Chase & Co., Principal Financial Group Inc., Parametric Portfolio Associates LLC, Bank of New York Mellon Corp, and Raymond James & Associates. View insider buying and selling activity for Trustmark.

Which major investors are buying Trustmark stock?

TRMK stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., Acadian Asset Management LLC, Geode Capital Management LLC, Trustmark National Bank Trust Department, AlphaCrest Capital Management LLC, and Two Sigma Investments LP. Company insiders that have bought Trustmark stock in the last two years include Adolphus B Baker, and Richard H Puckett. View insider buying and selling activity for Trustmark.

How do I buy shares of Trustmark?

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.

What is Trustmark's stock price today?

One share of TRMK stock can currently be purchased for approximately $23.15.

How big of a company is Trustmark?

Trustmark has a market capitalization of $1.47 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.

What is Trustmark's official website?

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

How can I contact Trustmark?

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff