FY2025 Earnings Estimate for Trustmark Issued By DA Davidson

Trustmark Co. (NASDAQ:TRMK) – Investment analysts at DA Davidson lowered their FY2025 earnings per share estimates for shares of Trustmark in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $3.21 per share for the year, down from their previous forecast of $3.22. DA Davidson has a “Neutral” rating and a $38.00 price objective on the stock. The consensus estimate for Trustmark’s current full-year earnings is $2.94 per share.

A number of other research analysts also recently commented on the stock. Truist Financial raised their target price on shares of Trustmark from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Hovde Group raised 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. Finally, StockNews.com upgraded Trustmark from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Trustmark presently has a consensus rating of “Hold” and an average price target of $35.20.

Trustmark Trading Down 1.0 %

Shares of NASDAQ TRMK opened at $34.64 on Friday. The firm has a market cap of $2.12 billion, a PE ratio of 10.47 and a beta of 0.75. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. Trustmark has a twelve month low of $25.24 and a twelve month high of $40.73. The business has a fifty day simple moving average of $36.94 and a two-hundred day simple moving average of $33.29.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The company had revenue of $192.30 million during the quarter, compared to analyst estimates of $192.77 million. Trustmark had a net margin of 17.62% and a return on equity of 9.48%. During the same quarter last year, the business posted $0.64 EPS.

Trustmark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Friday, November 29th. Trustmark’s dividend payout ratio (DPR) is presently 27.79%.

Insider Buying and Selling

In related news, Director Marcelo L. Eduardo sold 790 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $35.89, for a total transaction of $28,353.10. Following the sale, the director now directly owns 7,334 shares of the company’s stock, valued at $263,217.26. This trade represents a 9.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerard R. Host sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $38.59, for a total value of $270,130.00. Following the completion of the sale, the director now owns 16,500 shares in the company, valued at approximately $636,735. This represents a 29.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,206 shares of company stock worth $1,347,991 in the last 90 days. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. State Street Corp increased its stake in shares of Trustmark by 0.8% in the 3rd quarter. State Street Corp now owns 3,090,988 shares of the financial services provider’s stock valued at $98,355,000 after purchasing an additional 24,450 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new stake in Trustmark during the 2nd quarter worth approximately $1,081,000. Dimensional Fund Advisors LP boosted its stake in shares of Trustmark by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,050,787 shares of the financial services provider’s stock worth $121,683,000 after acquiring an additional 64,334 shares during the last quarter. World Investment Advisors LLC acquired a new position in Trustmark in the 3rd quarter valued at $499,000. Finally, Verition Fund Management LLC lifted its holdings in Trustmark by 19.8% in the 3rd quarter. Verition Fund Management LLC now owns 778,312 shares of the financial services provider’s stock valued at $24,766,000 after purchasing an additional 128,834 shares in the last quarter. Institutional investors and hedge funds own 67.64% of the company’s stock.

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.