Shares of Trustmark Corp (NASDAQ:TRMK) have received an average recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $34.50.
Several equities analysts have recently issued reports on TRMK shares. BidaskClub upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of Trustmark from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Saturday, January 13th. Hovde Group set a $33.00 price objective on shares of Trustmark and gave the company a “hold” rating in a report on Monday, February 5th. ValuEngine downgraded shares of Trustmark from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Stephens reiterated a “hold” rating and issued a $34.00 price target on shares of Trustmark in a report on Thursday, January 25th.
A number of large investors have recently modified their holdings of TRMK. Earnest Partners LLC increased its holdings in Trustmark by 10.8% in the 4th quarter. Earnest Partners LLC now owns 2,276,914 shares of the financial services provider’s stock worth $72,542,000 after buying an additional 221,215 shares during the period. Dimensional Fund Advisors LP increased its holdings in Trustmark by 2.9% in 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 buying an additional 145,646 shares during the period. Deutsche Bank AG increased its holdings in Trustmark by 28.8% in the 4th quarter. Deutsche Bank AG now owns 356,703 shares of the financial services provider’s stock worth $11,361,000 after buying an additional 79,706 shares during the period. MetLife Investment Advisors LLC acquired a new position in Trustmark in the 4th quarter worth approximately $2,359,000. Finally, Wells Fargo & Company MN increased its holdings in Trustmark by 3.0% in 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 buying an additional 67,258 shares during the period. Institutional investors own 62.82% of the company’s stock.
Trustmark (NASDAQ TRMK) traded up $0.54 on Wednesday, hitting $32.50. 285,738 shares of the stock traded hands, compared to its average volume of 302,101. Trustmark has a 12-month low of $28.16 and a 12-month high of $35.09. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2,190.91, a P/E ratio of 20.97 and a beta of 1.11.
Trustmark (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. Trustmark had a net margin of 16.15% and a return on equity of 8.35%. The firm had revenue of $153.06 million for the quarter, compared to the consensus estimate of $152.80 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. research analysts expect that Trustmark will post 2.15 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.23 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.92 annualized dividend and a yield of 2.83%. Trustmark’s dividend payout ratio (DPR) is presently 59.35%.
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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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