DA Davidson Analysts Lower Earnings Estimates for Trustmark

Trustmark Co. (NASDAQ:TRMK - Free Report) - Stock analysts at DA Davidson decreased their FY2025 EPS estimates for shares of Trustmark in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $3.21 per share for the year, down from their previous forecast of $3.22. DA Davidson has a "Neutral" rating and a $38.00 price objective on the stock. The consensus estimate for Trustmark's current full-year earnings is $2.94 per share.

TRMK has been the subject of a number of other research reports. Hovde Group boosted their price objective on shares of Trustmark from $34.00 to $37.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 29th. StockNews.com upgraded Trustmark from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Truist Financial boosted their target price on shares of Trustmark from $35.00 to $36.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $35.20.

Trustmark Stock Up 3.1 %

Trustmark stock traded up $1.07 during midday trading on Friday, hitting $35.71. 924,050 shares of the company's stock were exchanged, compared to its average volume of 283,715. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a 50-day moving average of $36.99 and a two-hundred day moving average of $33.33. Trustmark has a 12 month low of $25.24 and a 12 month high of $40.73. The company has a market cap of $2.18 billion, a PE ratio of 10.79 and a beta of 0.75.

Trustmark (NASDAQ:TRMK - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.02. The firm had revenue of $192.30 million during the quarter, compared to analyst estimates of $192.77 million. Trustmark had a return on equity of 9.48% and a net margin of 17.62%. During the same quarter in the previous year, the business earned $0.64 earnings per share.

Trustmark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Friday, November 29th. Trustmark's dividend payout ratio (DPR) is presently 27.79%.

Insiders Place Their Bets

In other Trustmark news, Director Gerard R. Host sold 26,416 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $39.73, for a total value of $1,049,507.68. Following the completion of the transaction, the director now owns 26,792 shares of the company's stock, valued at approximately $1,064,446.16. This trade represents a 49.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marcelo L. Eduardo sold 790 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $35.89, for a total transaction of $28,353.10. Following the sale, the director now directly owns 7,334 shares in the company, valued at $263,217.26. This trade represents a 9.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,206 shares of company stock valued at $1,347,991. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRMK. GoalVest Advisory LLC acquired a new position in Trustmark during the third quarter valued at $63,000. Innealta Capital LLC acquired a new position in shares of Trustmark in the 2nd quarter valued at about $61,000. nVerses Capital LLC purchased a new stake in shares of Trustmark in the third quarter worth about $67,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Trustmark during the third quarter worth about $130,000. Finally, Blue Trust Inc. raised its position in Trustmark by 225.2% during the third quarter. Blue Trust Inc. now owns 4,953 shares of the financial services provider's stock valued at $149,000 after acquiring an additional 3,430 shares in the last quarter. 67.64% of the stock is currently owned by hedge funds and other institutional investors.

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 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.