Trustmark Corp (NASDAQ:TRMK) has received a consensus rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $33.80.
A number of research analysts recently commented on TRMK shares. BidaskClub upgraded shares of Trustmark from a “hold” rating to a “buy” rating in a research note on Tuesday, July 24th. Sandler O’Neill reiterated a “hold” rating and issued a $35.00 price target on shares of Trustmark in a research note on Thursday, July 26th. Hovde Group set a $35.00 price target on shares of Trustmark and gave the company a “hold” rating in a research note on Saturday, July 28th. Zacks Investment Research lowered shares of Trustmark from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Finally, Stephens set a $35.00 price target on shares of Trustmark and gave the company a “hold” rating in a research note on Wednesday, October 24th.
TRMK traded up $0.31 on Monday, reaching $31.71. The company had a trading volume of 32,375 shares, compared to its average volume of 447,220. Trustmark has a fifty-two week low of $28.56 and a fifty-two week high of $36.32. The firm has a market cap of $2.12 billion, a P/E ratio of 16.52 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.79 and a current ratio of 0.81.
Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.03). Trustmark had a net margin of 18.99% and a return on equity of 9.21%. The company had revenue of $157.23 million during the quarter, compared to analyst estimates of $155.38 million. During the same quarter last year, the company posted $0.51 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that Trustmark will post 2.22 earnings per share for the current 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 paid a $0.23 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.92 dividend on an annualized basis and a yield of 2.90%. Trustmark’s dividend payout ratio (DPR) is currently 47.92%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Gradient Investments LLC bought a new stake in Trustmark in the 2nd quarter valued at about $169,000. OppenheimerFunds Inc. bought a new stake in Trustmark in the 2nd quarter valued at about $208,000. Leavell Investment Management Inc. bought a new stake in Trustmark in the 2nd quarter valued at about $209,000. Creative Planning bought a new stake in Trustmark in the 2nd quarter valued at about $227,000. Finally, CWM LLC bought a new stake in Trustmark in the 2nd quarter valued at about $299,000. Institutional investors and hedge funds 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.
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