Shares of Trustmark Corporation (NASDAQ:TRMK) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $34.50.
Several equities research analysts recently weighed in on the stock. Stephens set a $35.00 target price on shares of Trustmark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of Trustmark Corporation from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Friday, September 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 target price on shares of Trustmark Corporation in a research note on Thursday, October 26th. ValuEngine downgraded shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, BidaskClub downgraded shares of Trustmark Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Trustmark Corporation by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,178,682 shares of the financial services provider’s stock worth $171,518,000 after acquiring an additional 145,646 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Trustmark Corporation by 6.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 426,128 shares of the financial services provider’s stock worth $14,114,000 after acquiring an additional 26,258 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Trustmark Corporation by 3.0% during the 3rd quarter. Wells Fargo & Company MN now owns 2,321,125 shares of the financial services provider’s stock worth $76,875,000 after acquiring an additional 67,258 shares in the last quarter. Citadel Advisors LLC acquired a new position in Trustmark Corporation during the 3rd quarter worth approximately $498,000. Finally, Legal & General Group Plc grew its holdings in Trustmark Corporation by 6.1% during the 3rd quarter. Legal & General Group Plc now owns 87,391 shares of the financial services provider’s stock worth $2,896,000 after acquiring an additional 4,989 shares in the last quarter. Institutional investors own 62.37% of the company’s stock.
Shares of Trustmark Corporation (NASDAQ:TRMK) traded down $0.06 on Monday, reaching $31.54. 175,400 shares of the company traded hands, compared to its average volume of 197,235. Trustmark Corporation has a 1 year low of $28.16 and a 1 year high of $36.79. The stock has a market cap of $2,136.59, a P/E ratio of 16.78 and a beta of 1.16. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.74 and a current ratio of 0.76.
Trustmark Corporation (NASDAQ:TRMK) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Trustmark Corporation had a net margin of 18.56% and a return on equity of 8.21%. The firm had revenue of $153.37 million for the quarter, compared to the consensus estimate of $154.40 million. During the same period in the prior year, the firm earned $0.47 EPS. research analysts predict that Trustmark Corporation will post 1.91 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, November 30th. Trustmark Corporation’s dividend payout ratio (DPR) is presently 52.57%.
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Trustmark Corporation Company Profile
Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.
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