Trustmark Co. (NASDAQ:TRMK) Receives $35.00 Consensus PT from Brokerages

Shares of Trustmark Co. (NASDAQ:TRMK) have been assigned a consensus rating of “Hold” from the four analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $35.00.

A number of analysts recently weighed in on TRMK shares. Truist Financial upped their target price on shares of Trustmark from $31.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. DA Davidson upped their price target on shares of Trustmark from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th.

Trustmark Stock Performance

NASDAQ:TRMK opened at $32.19 on Monday. The business’s fifty day moving average is $32.37 and its 200 day moving average is $29.73. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 12.53 and a beta of 0.74. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.86 and a current ratio of 0.87. Trustmark has a 52-week low of $18.96 and a 52-week high of $35.72.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Trustmark had a return on equity of 9.32% and a net margin of 16.24%. The firm had revenue of $283.96 million for the quarter, compared to analysts’ expectations of $229.83 million. During the same period in the prior year, the business posted $0.74 earnings per share. Research analysts predict that Trustmark will post 2.93 EPS for the current year.

Trustmark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, August 30th. Trustmark’s dividend payout ratio (DPR) is currently 35.80%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Trustmark by 62.1% during the second quarter. GAMMA Investing LLC now owns 916 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 351 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Trustmark during the 1st quarter valued at about $52,000. Innealta Capital LLC bought a new stake in Trustmark in the 2nd quarter worth approximately $61,000. CWM LLC boosted its stake in Trustmark by 14.6% in the second quarter. CWM LLC now owns 4,783 shares of the financial services provider’s stock worth $144,000 after buying an additional 611 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new position in Trustmark during the second quarter valued at approximately $238,000. 67.64% of the stock is currently owned by hedge funds and other institutional investors.

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.