DA Davidson Forecasts Trustmark's Q1 Earnings (NASDAQ:TRMK)

Trustmark Co. (NASDAQ:TRMK - Free Report) - Stock analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for Trustmark in a research report issued on Thursday, January 30th. DA Davidson analyst G. Tenner anticipates that the financial services provider will post earnings per share of $0.80 for the quarter. 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.

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

Trustmark Price Performance

TRMK stock traded up $0.76 during midday trading on Friday, hitting $37.67. 112,084 shares of the stock were exchanged, compared to its average volume of 314,071. 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 stock has a market cap of $2.30 billion, a price-to-earnings ratio of 10.33 and a beta of 0.76. Trustmark has a fifty-two week low of $25.24 and a fifty-two week high of $40.73. The stock's 50-day moving average price is $36.41 and its 200-day moving average price is $34.67.

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

Hedge Funds Weigh In On Trustmark

Hedge funds have recently made changes to their positions in the stock. GoalVest Advisory LLC acquired a new position in shares of Trustmark in the 3rd quarter valued at $63,000. nVerses Capital LLC acquired a new position in shares of Trustmark in the 3rd quarter valued at $67,000. KBC Group NV boosted its holdings in shares of Trustmark by 43.0% in the 4th quarter. KBC Group NV now owns 3,163 shares of the financial services provider's stock valued at $112,000 after purchasing an additional 951 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Trustmark in the 3rd quarter valued at $130,000. Finally, Blue Trust Inc. boosted its holdings in shares of Trustmark by 225.2% in the 3rd quarter. Blue Trust Inc. now owns 4,953 shares of the financial services provider's stock valued at $149,000 after purchasing an additional 3,430 shares during the last quarter. Institutional investors and hedge funds own 67.64% of the company's stock.

Insiders Place Their Bets

In other Trustmark news, Director Gerard R. Host sold 7,000 shares of the 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 transaction, the director now owns 16,500 shares of the company's stock, valued at $636,735. This trade represents a 29.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Trustmark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be paid a $0.24 dividend. This is a positive change from Trustmark's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.55%. The ex-dividend date is Friday, February 28th. Trustmark's dividend payout ratio is presently 25.27%.

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.