Trustmark Co. (NASDAQ:TRMK) Receives Consensus Rating of “Hold” from Analysts

Shares of Trustmark Co. (NASDAQ:TRMK) have been assigned an average rating of “Hold” from the six analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $38.67.

TRMK has been the topic of a number of recent research reports. Hovde Group increased their target price on Trustmark from $34.00 to $37.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Truist Financial increased 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. StockNews.com upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods increased their price target on shares of Trustmark from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Janney Montgomery Scott initiated coverage on shares of Trustmark in a research note on Friday, January 24th. They set a “buy” rating and a $42.00 price target on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TRMK. Jones Financial Companies Lllp purchased a new position in shares of Trustmark in the fourth quarter valued at about $37,000. GoalVest Advisory LLC bought a new stake in Trustmark during the 3rd quarter valued at approximately $63,000. nVerses Capital LLC bought a new stake in Trustmark during the 3rd quarter valued at approximately $67,000. KBC Group NV lifted its holdings in Trustmark by 43.0% in the 4th quarter. KBC Group NV now owns 3,163 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 951 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Trustmark in the 3rd quarter worth approximately $130,000. Institutional investors own 67.64% of the company’s stock.

Trustmark Stock Down 2.5 %

TRMK opened at $37.59 on Thursday. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 10.33 and a beta of 0.76. The firm has a 50 day moving average price of $36.27 and a 200-day moving average price of $34.86. Trustmark has a twelve month low of $25.24 and a twelve 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.

Trustmark (NASDAQ:TRMK) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $0.92 EPS for the quarter, topping 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%. Equities research analysts forecast that Trustmark will post 3.4 earnings per share 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 2.55%. Trustmark’s dividend payout ratio is 25.27%.

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.