FY2025 Earnings Forecast for Trustmark Issued By DA Davidson

Trustmark Co. (NASDAQ:TRMK - Free Report) - DA Davidson increased their FY2025 earnings estimates for shares of Trustmark in a note issued to investors on Thursday, January 30th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $3.58 for the year, up from their previous estimate of $3.21. DA Davidson has a "Neutral" rating and a $41.00 price objective on the stock. The consensus estimate for Trustmark's current full-year earnings is $3.40 per share.

Trustmark (NASDAQ:TRMK - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. Trustmark had a net margin of 19.42% and a return on equity of 10.12%.

Several other equities research analysts have also recently commented on TRMK. Janney Montgomery Scott assumed coverage on Trustmark in a research note on Friday, January 24th. They issued a "buy" rating and a $42.00 target price on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Trustmark from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday. StockNews.com raised shares of Trustmark from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Truist Financial boosted their price target on shares of Trustmark from $35.00 to $36.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Finally, Hovde Group lifted their target price on Trustmark from $34.00 to $37.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Trustmark has an average rating of "Hold" and a consensus target price of $38.67.

Trustmark Stock Up 1.3 %

Shares of Trustmark stock traded up $0.48 during trading on Monday, reaching $38.83. The stock had a trading volume of 191,080 shares, compared to its average volume of 309,344. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 10.67 and a beta of 0.76. Trustmark has a 52 week low of $25.24 and a 52 week high of $40.73. The stock has a fifty day moving average price of $36.34 and a two-hundred day moving average price of $34.73.

Trustmark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.47%. This is a boost from Trustmark's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, February 28th. Trustmark's dividend payout ratio (DPR) is presently 25.27%.

Insider Transactions at Trustmark

In other Trustmark news, Director Gerard R. Host sold 7,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $38.59, for a total value of $270,130.00. Following the transaction, the director now directly owns 16,500 shares of the company's stock, valued at $636,735. This represents a 29.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trustmark

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC boosted its stake in Trustmark by 124.7% in the 3rd quarter. Barclays PLC now owns 125,743 shares of the financial services provider's stock valued at $4,001,000 after purchasing an additional 69,779 shares during the period. Principal Financial Group Inc. boosted its position in shares of Trustmark by 6.8% in the third quarter. Principal Financial Group Inc. now owns 598,969 shares of the financial services provider's stock valued at $19,059,000 after acquiring an additional 37,989 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Trustmark by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 122,956 shares of the financial services provider's stock valued at $3,912,000 after acquiring an additional 11,934 shares during the period. State Street Corp increased its position in Trustmark by 0.8% during the third quarter. State Street Corp now owns 3,090,988 shares of the financial services provider's stock worth $98,355,000 after acquiring an additional 24,450 shares during the period. Finally, Geode Capital Management LLC increased its position in Trustmark by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,461,545 shares of the financial services provider's stock worth $46,515,000 after acquiring an additional 15,627 shares during the period. Institutional investors and hedge funds own 67.64% of the company's stock.

About Trustmark

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.