Trustmark Co. (NASDAQ:TRMK - Get Free Report) has been given a consensus rating of "Hold" by the six research firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $38.67.
Several research firms recently issued reports on TRMK. Hovde Group upped their price objective on Trustmark from $34.00 to $37.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. StockNews.com raised Trustmark from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. DA Davidson boosted their target price on Trustmark from $40.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Janney Montgomery Scott began coverage on shares of Trustmark in a report on Friday, January 24th. They set a "buy" rating and a $42.00 price target on the stock. Finally, Truist Financial boosted their price objective on shares of Trustmark from $35.00 to $36.00 and gave the company a "hold" rating in a report on Friday, October 25th.
View Our Latest Analysis on TRMK
Trustmark Stock Down 1.5 %
Shares of NASDAQ TRMK traded down $0.57 during trading on Thursday, reaching $38.26. The company had a trading volume of 232,043 shares, compared to its average volume of 303,011. Trustmark has a 12-month low of $25.24 and a 12-month high of $40.73. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. The business's 50-day moving average is $36.31 and its 200 day moving average is $34.79. The stock has a market cap of $2.34 billion, a PE ratio of 10.51 and a beta of 0.76.
Trustmark (NASDAQ:TRMK - Get Free Report) last announced 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%. As a group, equities analysts forecast that Trustmark will post 3.4 earnings per share for the current fiscal year.
Trustmark Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be issued a $0.24 dividend. This is an increase from Trustmark's previous quarterly dividend of $0.23. The ex-dividend date is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.51%. Trustmark's dividend payout ratio (DPR) is presently 26.37%.
Insider Activity
In other Trustmark news, Director Gerard R. Host sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $38.59, for a total transaction of $270,130.00. Following the sale, the director now owns 16,500 shares in the company, valued at approximately $636,735. This trade represents a 29.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in Trustmark during the 4th quarter valued at approximately $37,000. GoalVest Advisory LLC bought a new position in Trustmark during the third quarter valued at $63,000. nVerses Capital LLC bought a new position in Trustmark during the 3rd quarter valued at about $67,000. KBC Group NV raised its holdings in shares of Trustmark by 43.0% in 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 period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Trustmark in the third quarter worth $130,000. Institutional investors own 67.64% of the company's stock.
Trustmark Company Profile
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Get Free ReportTrustmark 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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