Trustmark (TRMK) Upgraded by BidaskClub to “Hold”

Trustmark (NASDAQ:TRMK) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.

A number of other equities analysts have also commented on TRMK. ValuEngine raised shares of Trustmark from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Zacks Investment Research lowered shares of Trustmark from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. SunTrust Banks reaffirmed a “hold” rating and issued a $38.00 price objective on shares of Trustmark in a research note on Tuesday. Jefferies Group reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Trustmark in a research note on Thursday, October 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Trustmark in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $35.00.

Trustmark (NASDAQ TRMK) opened at $33.05 on Thursday. Trustmark has a 52 week low of $28.16 and a 52 week high of $35.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.76 and a quick ratio of 0.74. The company has a market cap of $2,220.00, a P/E ratio of 18.89 and a beta of 1.15.

Trustmark (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Trustmark had a net margin of 18.56% and a return on equity of 8.21%. The firm had revenue of $153.37 million during the quarter, compared to analyst estimates of $154.40 million. During the same quarter last year, the business posted $0.47 EPS. analysts forecast that Trustmark will post 1.92 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its stake in shares of Trustmark by 107.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,468 shares of the financial services provider’s stock valued at $247,000 after buying an additional 3,870 shares during the period. California Public Employees Retirement System boosted its stake in shares of Trustmark by 4.6% during the 3rd quarter. California Public Employees Retirement System now owns 148,560 shares of the financial services provider’s stock valued at $4,920,000 after buying an additional 6,578 shares during the period. Earnest Partners LLC boosted its stake in shares of Trustmark by 1.4% during the 3rd quarter. Earnest Partners LLC now owns 2,055,699 shares of the financial services provider’s stock valued at $68,085,000 after buying an additional 28,819 shares during the period. Jane Street Group LLC acquired a new stake in shares of Trustmark during the 3rd quarter valued at $274,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Trustmark by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,178,682 shares of the financial services provider’s stock valued at $171,518,000 after buying an additional 145,646 shares during the period. 62.54% of the stock is owned by institutional investors.

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Trustmark 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.

Analyst Recommendations for Trustmark (NASDAQ:TRMK)

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