Trustmark Corp (NASDAQ:TRMK) has been given a consensus rating of “Hold” by the eight analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $33.25.
A number of research firms have recently commented on TRMK. Zacks Investment Research upgraded Trustmark from a “sell” rating to a “hold” rating in a report on Thursday, November 8th. BidaskClub upgraded Trustmark from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Stephens set a $32.00 price objective on Trustmark and gave the company a “hold” rating in a report on Friday, January 25th. SunTrust Banks dropped their price objective on Trustmark from $36.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, October 29th. Finally, ValuEngine upgraded Trustmark from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th.
In other Trustmark news, Director Leroy G. Walker, Jr. sold 1,789 shares of the stock in a transaction that occurred on Monday, December 10th. The stock was sold at an average price of $30.35, for a total transaction of $54,296.15. Following the completion of the sale, the director now directly owns 13,159 shares of the company’s stock, valued at approximately $399,375.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles Scott Woods sold 1,500 shares of the stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $31.65, for a total value of $47,475.00. Following the sale, the insider now directly owns 12,398 shares of the company’s stock, valued at $392,396.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,789 shares of company stock valued at $242,421. Insiders own 1.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of TRMK. Oregon Public Employees Retirement Fund lifted its position in Trustmark by 2,743.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 753,594 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 727,087 shares during the period. FMR LLC acquired a new stake in Trustmark during the 3rd quarter worth approximately $15,382,000. BlackRock Inc. lifted its position in Trustmark by 2.6% during the 4th quarter. BlackRock Inc. now owns 9,652,497 shares of the financial services provider’s stock worth $274,420,000 after acquiring an additional 241,051 shares during the period. Acadian Asset Management LLC lifted its position in Trustmark by 1,252.5% during the 4th quarter. Acadian Asset Management LLC now owns 154,727 shares of the financial services provider’s stock worth $4,400,000 after acquiring an additional 143,287 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Trustmark by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 877,033 shares of the financial services provider’s stock worth $29,512,000 after acquiring an additional 111,984 shares during the period. 72.38% of the stock is owned by institutional investors.
Shares of NASDAQ TRMK opened at $32.78 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. Trustmark has a 1-year low of $26.84 and a 1-year high of $36.32. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 14.83 and a beta of 1.03.
Trustmark (NASDAQ:TRMK) last released its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Trustmark had a return on equity of 9.43% and a net margin of 21.89%. The business had revenue of $151.97 million for the quarter, compared to the consensus estimate of $152.00 million. During the same quarter in the prior year, the business posted $0.48 EPS. On average, research analysts expect that Trustmark will post 2.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.81%. Trustmark’s dividend payout ratio (DPR) is presently 41.63%.
Trustmark Company Profile
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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