BidaskClub downgraded shares of Trustmark (NASDAQ:TRMK) from a hold rating to a sell rating in a research note published on Thursday, January 4th.
Several other analysts have also recently commented on the company. ValuEngine cut Trustmark from a buy rating to a hold rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods reissued a hold rating and set a $34.00 price objective on shares of Trustmark in a research note on Thursday, October 26th. Jefferies Group reissued a hold rating and set a $36.00 price objective on shares of Trustmark in a research note on Thursday, October 12th. Finally, Zacks Investment Research lowered Trustmark from a hold rating to a sell rating in a research note on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Trustmark presently has a consensus rating of Hold and an average price target of $35.67.
Shares of Trustmark (NASDAQ TRMK) opened at $33.77 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.76 and a quick ratio of 0.74. Trustmark has a 12-month low of $28.16 and a 12-month high of $35.32. The company has a market capitalization of $2,279.52, a P/E ratio of 19.30 and a beta of 1.16.
Trustmark (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Trustmark had a return on equity of 8.21% and a net margin of 18.56%. The firm had revenue of $153.37 million during the quarter, compared to analysts’ expectations of $154.40 million. During the same period in the previous year, the business earned $0.47 earnings per share. sell-side analysts anticipate that Trustmark will post 1.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Thursday, November 30th. Trustmark’s dividend payout ratio (DPR) is presently 52.57%.
Several institutional investors have recently made changes to their positions in TRMK. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Trustmark by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 296 shares during the last quarter. Flinton Capital Management LLC lifted its stake in shares of Trustmark by 37.6% in the 2nd quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,216 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Trustmark in the 3rd quarter valued at $202,000. Riverhead Capital Management LLC raised its holdings in shares of Trustmark by 38.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,065 shares of the financial services provider’s stock valued at $227,000 after buying an additional 1,965 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Trustmark by 12.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,436 shares of the financial services provider’s stock valued at $239,000 after buying an additional 844 shares during the period. 62.54% of the stock is currently owned by institutional investors and hedge funds.
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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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