FY2025 Earnings Forecast for Trustmark Issued By DA Davidson

Trustmark Co. (NASDAQ:TRMK - Free Report) - Analysts at DA Davidson raised their FY2025 earnings estimates for Trustmark in a note issued to investors on Thursday, April 24th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $3.38 per share for the year, up from their prior forecast of $3.34. DA Davidson has a "Neutral" rating and a $41.00 price target on the stock. The consensus estimate for Trustmark's current full-year earnings is $3.42 per share.

Trustmark (NASDAQ:TRMK - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.82 by $0.06. The firm had revenue of $231.83 million during the quarter, compared to analyst estimates of $195.38 million. Trustmark had a return on equity of 10.12% and a net margin of 19.42%.

Other research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods decreased their price target on shares of Trustmark from $45.00 to $43.00 and set an "outperform" rating for the company in a report on Thursday. Janney Montgomery Scott started coverage on shares of Trustmark in a research note on Friday, January 24th. They issued a "buy" rating and a $42.00 price objective on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $39.80.

Trustmark Stock Performance

Shares of TRMK stock opened at $33.34 on Monday. 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 cap of $2.03 billion, a PE ratio of 9.16 and a beta of 0.67. Trustmark has a 12-month low of $27.42 and a 12-month high of $40.73. The business's fifty day simple moving average is $33.96 and its 200-day simple moving average is $35.66.

Trustmark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, May 30th. Trustmark's dividend payout ratio is presently 25.00%.

Hedge Funds Weigh In On Trustmark

Large investors have recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in Trustmark by 82.2% in the 4th quarter. Wellington Management Group LLP now owns 2,472,561 shares of the financial services provider's stock valued at $87,454,000 after purchasing an additional 1,115,708 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Trustmark by 176.2% during the 4th quarter. JPMorgan Chase & Co. now owns 339,662 shares of the financial services provider's stock worth $12,014,000 after purchasing an additional 216,706 shares during the period. Trustmark National Bank Trust Department grew its holdings in Trustmark by 129.6% during the 4th quarter. Trustmark National Bank Trust Department now owns 299,423 shares of the financial services provider's stock worth $10,591,000 after acquiring an additional 169,011 shares in the last quarter. Norges Bank purchased a new stake in Trustmark during the fourth quarter worth approximately $5,704,000. Finally, Millennium Management LLC lifted its position in shares of Trustmark by 112.1% during the 4th quarter. Millennium Management LLC now owns 175,786 shares of the financial services provider's stock worth $6,218,000 after buying an additional 92,890 shares during the last quarter. 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.

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