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

Shares of Trustmark Co. (NASDAQ:TRMK) have been given an average recommendation of “Hold” by the five ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $39.80.

TRMK has been the topic of several recent analyst reports. Keefe, Bruyette & Woods dropped their target price on Trustmark from $45.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Hovde Group raised their target price on Trustmark from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Monday. DA Davidson boosted their target price on Trustmark from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Janney Montgomery Scott initiated coverage on shares of Trustmark in a research note on Friday, January 24th. They issued a “buy” rating and a $42.00 price target on the stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in shares of Trustmark in the fourth quarter valued at approximately $37,000. Lazard Asset Management LLC acquired a new stake in Trustmark during the 4th quarter worth $47,000. GAMMA Investing LLC grew its position in Trustmark by 41.0% during the 1st quarter. GAMMA Investing LLC now owns 1,809 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 526 shares during the last quarter. Sterling Capital Management LLC increased its stake in Trustmark by 817.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,918 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 1,709 shares during the period. Finally, Mascagni Wealth Management Inc. acquired a new position in Trustmark in the fourth quarter valued at $82,000. Institutional investors and hedge funds own 67.64% of the company’s stock.

Trustmark Stock Performance

Shares of TRMK opened at $33.68 on Tuesday. The stock has a 50-day simple moving average of $33.88 and a 200-day simple moving average of $35.66. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. Trustmark has a 1 year low of $27.42 and a 1 year high of $40.73. The stock has a market capitalization of $2.05 billion, a PE ratio of 9.25 and a beta of 0.67.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. The company had revenue of $231.83 million for the quarter, compared to the consensus estimate of $195.38 million. On average, analysts predict that Trustmark will post 3.42 earnings per share for the current fiscal year.

Trustmark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.85%. Trustmark’s dividend payout ratio (DPR) is presently 25.00%.

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.