Trustmark (NASDAQ:TRMK) has received a consensus recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have covered the stock in the last year is $34.00.
A number of research firms recently commented on TRMK. BidaskClub upgraded Trustmark from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research downgraded Trustmark from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $33.00 price target on shares of Trustmark in a report on Thursday, January 25th. SunTrust Banks reiterated a “hold” rating and set a $38.00 price target on shares of Trustmark in a report on Tuesday, January 9th. Finally, Stephens reiterated a “hold” rating and set a $34.00 price target on shares of Trustmark in a report on Thursday, January 25th.
Hedge funds have recently made changes to their positions in the business. Swiss National Bank grew its holdings in Trustmark by 2.1% during the fourth quarter. Swiss National Bank now owns 114,200 shares of the financial services provider’s stock valued at $3,638,000 after purchasing an additional 2,400 shares during the last quarter. BancorpSouth Bank acquired a new position in Trustmark during the fourth quarter valued at approximately $779,000. Schwab Charles Investment Management Inc. grew its holdings in Trustmark by 6.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 426,128 shares of the financial services provider’s stock valued at $14,114,000 after purchasing an additional 26,258 shares during the last quarter. SG Americas Securities LLC grew its holdings in Trustmark by 247.1% during the fourth quarter. SG Americas Securities LLC now owns 13,931 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 9,918 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Trustmark by 2.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,376,182 shares of the financial services provider’s stock valued at $75,705,000 after acquiring an additional 55,057 shares during the period. Institutional investors own 63.19% of the company’s stock.
NASDAQ:TRMK opened at $31.04 on Thursday. Trustmark has a 52 week low of $28.16 and a 52 week high of $35.09. The company has a market capitalization of $2,150.53, a P/E ratio of 16.17 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77.
Trustmark (NASDAQ:TRMK) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. Trustmark had a return on equity of 8.35% and a net margin of 16.15%. 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. sell-side analysts anticipate that Trustmark will post 2.16 EPS for the current year.
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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.
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