Trustmark (TRMK) Stock Price, News & Analysis

Company Overview

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. The company also provides mortgage banking services, including construction financing, production of conventional and government-insured mortgages, and secondary marketing and mortgage servicing. In addition, it provides wealth management and trust services, such as administration of personal trusts and estates; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and corporate trust and institutional custody, securities brokerage, financial and estate planning, retirement plan, and investment management services. Further, the company offers business insurance products and services for medical professionals, construction, manufacturing, hospitality, real estate, and group life and health plans; and life and health insurance, and personal line policies for individual customers. Trustmark Corporation was founded in 1889 and is headquartered in Jackson, Mississippi.

Key Stats

• Today's Range: $34.32 to $35.86
• 50-Day Range: $33.65 to $39.97
• 52-Week Range: $25.24 to $40.73
• Volume: 924,050 shs
• Average Volume: 283,715 shs
• Market Capitalization: $2.18 billion
• P/E Ratio: 10.79
• Dividend Yield: 2.58%
• Price Target: $35.20
• Consensus Rating: Hold

Trustmark Stock Analysis - MarketRank™

Trustmark scored higher than 54% of companies evaluated by MarketBeat, and ranked 581st out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Trustmark has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Trustmark has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.48%

Earnings Growth

Earnings for Trustmark are expected to grow by 7.48% in the coming year, from $2.94 to $3.16 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Trustmark is 10.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of Trustmark is 10.79, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.54.

Price to Book Value per Share Ratio

Trustmark has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.46% of the float of Trustmark has been sold short.

Short Interest Ratio / Days to Cover

Trustmark has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Trustmark has recently decreased by 2.11%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Trustmark pays a meaningful dividend of 2.42%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Trustmark does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Trustmark is 27.79%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Trustmark will have a dividend payout ratio of 29.11% next year. This indicates that Trustmark will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.46% of the float of Trustmark has been sold short.

Short Interest Ratio / Days to Cover

Trustmark has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Trustmark has recently decreased by 2.11%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.15

News Sentiment

Trustmark has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Trustmark this week, compared to 3 articles on an average week.

MarketBeat Follows

Only 2 people have added Trustmark to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Trustmark insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,347,991.00 in company stock.

Percentage Held by Insiders

Only 1.50% of the stock of Trustmark is held by insiders.

Percentage Held by Institutions

67.64% of the stock of Trustmark is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TRMK Stock Analysis - Frequently Asked Questions

How have TRMK shares performed this year?

Trustmark's stock was trading at $27.88 on January 1st, 2024. Since then, TRMK shares have increased by 28.1% and is now trading at $35.71.
View the best growth stocks for 2024 here.

How were Trustmark's earnings last quarter?

Trustmark Co. (NASDAQ:TRMK) announced its quarterly earnings results on Tuesday, October, 22nd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.02. The financial services provider earned $192.30 million during the quarter, compared to analysts' expectations of $192.77 million. Trustmark had a net margin of 17.62% and a trailing twelve-month return on equity of 9.48%.

Does Trustmark have any subsidiaries?

Trustmark subsidiaries include these companies: CoreSource, Health Contact Partners, Health Fitness Corporation, Optimal Business Services, Starmark, Trustmark Group, Trustmark Insurance, and Trustmark Voluntary Benefit Solutions.

Who are Trustmark's major shareholders?

Trustmark's top institutional investors include State Street Corp (5.05%), Geode Capital Management LLC (2.39%), Wellington Management Group LLP (2.22%) and Charles Schwab Investment Management Inc. (1.45%). Insiders that own company stock include Richard H Puckett, Gerard R Host, Marcelo L Eduardo and Tracy T Conerly.
View institutional ownership trends.

How do I buy shares of Trustmark?

Shares of TRMK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Trustmark own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Trustmark investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 10/22/2024
• Ex-Dividend for 12/15 Dividend: 11/29/2024
• Dividend Payable: 12/15/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:TRMK
• CUSIP: 89840210
• CIK: 36146
• Web: www.trustmark.com
• Phone: (601) 208-5111
• Fax: 601-961-6016
• Employees: 2,757
• Year Founded: 1913

Price Target and Rating

• Average Stock Price Target: $35.20
• High Stock Price Target: $38.00
• Low Stock Price Target: $29.00
• Potential Upside/Downside: -1.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.31
• Trailing P/E Ratio: 10.79
• Forward P/E Ratio: 12.15
• P/E Growth: N/A
• Net Income: $165.49 million
• Net Margins: 17.62%
• Pretax Margin: 2.33%
• Return on Equity: 9.48%
• Return on Assets: 0.92%

Debt

• Debt-to-Equity Ratio: 0.09
• Current Ratio: 0.87
• Quick Ratio: 0.86

Sales & Book Value

• Annual Sales: $488.64 million
• Price / Sales: 4.47
• Cash Flow: $3.26 per share
• Price / Cash Flow: 10.95
• Book Value: $27.21 per share
• Price / Book: 1.31

Miscellaneous

• Outstanding Shares: 61,158,000
• Free Float: 60,241,000
• Market Cap: $2.18 billion
• Optionable: Optionable
• Beta: 0.75