Trustmark Corporation (TRMK) Receives $34.50 Average Target Price from Analysts

Shares of Trustmark Corporation (NASDAQ:TRMK) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $34.50.

Several brokerages have recently weighed in on TRMK. ValuEngine lowered shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Stephens set a $34.00 price objective on shares of Trustmark Corporation and gave the stock a “hold” rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. BidaskClub lowered shares of Trustmark Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 target price on shares of Trustmark Corporation in a research report on Thursday, October 26th.

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Shares of Trustmark Corporation (NASDAQ TRMK) traded up $0.11 during mid-day trading on Monday, hitting $32.34. 175,427 shares of the stock traded hands, compared to its average volume of 290,778. The stock has a market cap of $2,190.78, a price-to-earnings ratio of 17.20 and a beta of 1.16. Trustmark Corporation has a 1-year low of $28.16 and a 1-year high of $36.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.74 and a current ratio of 0.76.

Trustmark Corporation (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The business had revenue of $153.37 million for the quarter, compared to analyst estimates of $154.40 million. Trustmark Corporation had a net margin of 18.56% and a return on equity of 8.21%. During the same period in the prior year, the firm posted $0.47 EPS. equities analysts expect that Trustmark Corporation will post 1.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, November 30th. Trustmark Corporation’s dividend payout ratio (DPR) is presently 52.57%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System increased its position in Trustmark Corporation by 4.6% during the 3rd quarter. California Public Employees Retirement System now owns 148,560 shares of the financial services provider’s stock worth $4,920,000 after purchasing an additional 6,578 shares in the last quarter. Earnest Partners LLC increased its position in Trustmark Corporation by 1.4% during the 3rd quarter. Earnest Partners LLC now owns 2,055,699 shares of the financial services provider’s stock worth $68,085,000 after purchasing an additional 28,819 shares in the last quarter. Jane Street Group LLC acquired a new stake in Trustmark Corporation during the 3rd quarter worth approximately $274,000. Dimensional Fund Advisors LP increased its position in Trustmark Corporation by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,178,682 shares of the financial services provider’s stock worth $171,518,000 after purchasing an additional 145,646 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Trustmark Corporation by 6.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 426,128 shares of the financial services provider’s stock worth $14,114,000 after purchasing an additional 26,258 shares in the last quarter. 62.37% of the stock is owned by hedge funds and other institutional investors.

Trustmark Corporation Company Profile

Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.

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