Trustmark Co. (NASDAQ:TRMK) Given Consensus Recommendation of "Hold" by Brokerages

Trustmark Co. (NASDAQ:TRMK - Get Free Report) has received a consensus recommendation of "Hold" from the six brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $38.67.

A number of research firms recently commented on TRMK. Janney Montgomery Scott began coverage on Trustmark in a report on Friday, January 24th. They issued a "buy" rating and a $42.00 price objective on the stock. DA Davidson upped their price target on Trustmark from $40.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods increased their price target on Trustmark from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd.

Hedge Funds Weigh In On Trustmark

Several hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in Trustmark during the fourth quarter worth about $37,000. Lazard Asset Management LLC acquired a new position in shares of Trustmark in the fourth quarter valued at approximately $47,000. GoalVest Advisory LLC purchased a new stake in Trustmark during the 3rd quarter worth approximately $63,000. Sterling Capital Management LLC lifted its holdings in Trustmark by 817.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,918 shares of the financial services provider's stock worth $68,000 after buying an additional 1,709 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Trustmark by 43.0% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 67.64% of the company's stock.

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Trustmark Trading Down 1.5 %

Shares of NASDAQ TRMK traded down $0.54 during trading on Monday, hitting $34.71. 238,487 shares of the company were exchanged, compared to its average volume of 257,719. The company has a fifty day moving average price of $36.21 and a 200-day moving average price of $35.35. 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 market capitalization of $2.11 billion, a PE ratio of 9.54 and a beta of 0.76. Trustmark has a 12-month low of $25.24 and a 12-month high of $40.73.

Trustmark (NASDAQ:TRMK - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts expect that Trustmark will post 3.42 EPS for the current year.

Trustmark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be paid a $0.24 dividend. The ex-dividend date is Friday, February 28th. This is a boost from Trustmark's previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.77%. Trustmark's payout ratio is presently 26.37%.

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.