Research Analysts’ Recent Ratings Updates for Trustmark (TRMK)

A number of firms have modified their ratings and price targets on shares of Trustmark (NASDAQ: TRMK) recently:

  • 10/30/2018 – Trustmark was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/30/2018 – Trustmark was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/29/2018 – Trustmark had its price target lowered by analysts at SunTrust Banks, Inc. from $36.00 to $31.00. They now have a “hold” rating on the stock.
  • 10/24/2018 – Trustmark was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/24/2018 – Trustmark was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/24/2018 – Trustmark was given a new $35.00 price target on by analysts at Stephens. They now have a “hold” rating on the stock.
  • 10/11/2018 – Trustmark was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Trustmark Corporation is a multi-bank holding company. Its primary business activities are conducted through its wholly-owned subsidiary, Trustmark National Bank and Trustmark National Bank’s wholly-owned nonbanking subsidiaries, Trustmark Financial Services, Inc. and Trustmark Insurance Agency, Inc. Trustmark National Bank accounts for substantially all of the assets and revenues of the company. “
  • 10/6/2018 – Trustmark was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/26/2018 – Trustmark was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of TRMK stock traded up $0.31 on Monday, reaching $31.71. 32,375 shares of the stock were exchanged, compared to its average volume of 447,220. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 16.52 and a beta of 0.98. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 0.04. Trustmark Corp has a 1-year low of $28.56 and a 1-year high of $36.32.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). Trustmark had a return on equity of 9.21% and a net margin of 18.99%. The firm had revenue of $157.23 million for the quarter, compared to analyst estimates of $155.38 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, analysts expect that Trustmark Corp will post 2.22 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 15th. Investors of record on Saturday, December 1st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.92 annualized dividend and a yield of 2.90%. Trustmark’s dividend payout ratio is currently 47.92%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gradient Investments LLC acquired a new stake in Trustmark in the 2nd quarter valued at $169,000. OppenheimerFunds Inc. acquired a new stake in Trustmark in the 2nd quarter valued at $208,000. Leavell Investment Management Inc. acquired a new stake in Trustmark in the 2nd quarter valued at $209,000. Creative Planning acquired a new stake in Trustmark in the 2nd quarter valued at $227,000. Finally, Citadel Advisors LLC acquired a new stake in Trustmark in the 2nd quarter valued at $299,000. Hedge funds and other institutional investors own 62.17% of the company’s stock.

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.

Read More: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Receive News & Ratings for Trustmark Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trustmark Corp and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply