Trustmark (NASDAQ:TRMK - Get Free Report) had its price objective raised by equities researchers at DA Davidson from $40.00 to $41.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the financial services provider's stock. DA Davidson's price target would indicate a potential upside of 11.08% from the company's current price. DA Davidson also issued estimates for Trustmark's Q1 2025 earnings at $0.80 EPS.
Several other research analysts have also recently weighed in on TRMK. StockNews.com upgraded Trustmark from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Hovde Group lifted their price target on Trustmark from $34.00 to $37.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Truist Financial lifted their price target on Trustmark from $35.00 to $36.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Finally, Janney Montgomery Scott began coverage on Trustmark in a research report on Friday, January 24th. They set a "buy" rating and a $42.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $38.67.
Read Our Latest Report on TRMK
Trustmark Stock Performance
Shares of Trustmark stock traded down $0.59 on Thursday, reaching $36.91. 334,144 shares of the stock were exchanged, compared to its average volume of 319,908. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. Trustmark has a twelve month low of $25.24 and a twelve month high of $40.73. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 10.14 and a beta of 0.76. The business has a 50 day moving average price of $36.47 and a two-hundred day moving average price of $34.65.
Trustmark (NASDAQ:TRMK - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.09. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. Analysts anticipate that Trustmark will post 3.4 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Gerard R. Host sold 7,000 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $38.59, for a total transaction of $270,130.00. Following the completion of the sale, the director now directly owns 16,500 shares in the company, valued at approximately $636,735. The trade was a 29.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.
Institutional Trading of Trustmark
Several large investors have recently made changes to their positions in TRMK. GoalVest Advisory LLC purchased a new stake in shares of Trustmark during the third quarter worth approximately $63,000. nVerses Capital LLC acquired a new position in Trustmark during the third quarter worth $67,000. KBC Group NV boosted its stake in Trustmark by 43.0% during the fourth quarter. KBC Group NV now owns 3,163 shares of the financial services provider's stock worth $112,000 after buying an additional 951 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Trustmark during the third quarter worth $130,000. Finally, Blue Trust Inc. boosted its stake in Trustmark by 225.2% during the third quarter. Blue Trust Inc. now owns 4,953 shares of the financial services provider's stock worth $149,000 after buying an additional 3,430 shares during the last quarter. 67.64% of the stock is currently owned by hedge funds and other institutional investors.
About Trustmark
(
Get Free Report)
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 operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; 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, as well as treasury management services.
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