Other research analysts have also issued research reports about the stock. BidaskClub raised shares of Trustmark from a sell rating to a hold rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $33.00 target price on shares of Trustmark in a research note on Thursday, January 25th. Stephens reaffirmed a hold rating and issued a $34.00 target price on shares of Trustmark in a research note on Thursday, January 25th. Zacks Investment Research lowered shares of Trustmark from a hold rating to a sell rating in a research note on Tuesday, October 10th. Finally, SunTrust Banks reaffirmed a hold rating and issued a $38.00 target price on shares of Trustmark in a research note on Tuesday, January 9th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $34.50.
Shares of Trustmark (NASDAQ TRMK) opened at $30.42 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. The firm has a market cap of $2,096.74, a PE ratio of 19.63 and a beta of 1.11. Trustmark has a 1 year low of $28.16 and a 1 year high of $35.09.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, February 28th. Trustmark’s dividend payout ratio (DPR) is presently 59.35%.
A number of institutional investors have recently added to or reduced their stakes in TRMK. Dimensional Fund Advisors LP boosted its stake in 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 worth $171,518,000 after acquiring an additional 145,646 shares during the last quarter. Vanguard Group Inc. boosted its stake in Trustmark by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,625,905 shares of the financial services provider’s stock worth $180,929,000 after acquiring an additional 116,857 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Trustmark by 3.0% during the 3rd quarter. Wells Fargo & Company MN now owns 2,321,125 shares of the financial services provider’s stock worth $76,875,000 after acquiring an additional 67,258 shares during the last quarter. 361 Capital LLC bought a new position in Trustmark during the 3rd quarter worth approximately $2,093,000. Finally, Zurich Insurance Group Ltd FI bought a new position in Trustmark during the 2nd quarter worth approximately $946,000. 62.60% of the stock is currently owned by institutional investors and hedge funds.
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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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