Trustmark Corporation (NASDAQ:TRMK) received a $35.00 price objective from research analysts at Stephens in a research report issued to clients and investors on Wednesday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Stephens’ price target would suggest a potential upside of 8.46% from the stock’s previous close.
TRMK has been the topic of a number of other reports. ValuEngine raised Trustmark Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Hovde Group upped their price objective on Trustmark Corporation from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Trustmark Corporation in a report on Friday, May 5th. Zacks Investment Research lowered Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, BidaskClub lowered Trustmark Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Trustmark Corporation presently has a consensus rating of “Hold” and an average target price of $34.00.
Trustmark Corporation (NASDAQ TRMK) traded down 1.627% during midday trading on Wednesday, hitting $31.745. The stock had a trading volume of 236,938 shares. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 19.135 and a beta of 1.14. The firm has a 50-day moving average price of $32.39 and a 200-day moving average price of $32.48. Trustmark Corporation has a 1-year low of $25.56 and a 1-year high of $36.79.
Trustmark Corporation (NASDAQ:TRMK) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. The firm had revenue of $157.10 million for the quarter, compared to analyst estimates of $152.57 million. During the same period in the prior year, the firm posted $0.40 EPS. On average, equities research analysts anticipate that Trustmark Corporation will post $1.83 earnings per share for the current year.
In other news, insider Duane A. Dewey sold 5,748 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $30.85, for a total transaction of $177,325.80. Following the completion of the sale, the insider now directly owns 27,909 shares in the company, valued at approximately $860,992.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC increased its stake in Trustmark Corporation by 14.1% in the first quarter. Flinton Capital Management LLC now owns 3,232 shares of the financial services provider’s stock worth $103,000 after buying an additional 400 shares during the last quarter. Creative Planning increased its stake in Trustmark Corporation by 1.7% in the first quarter. Creative Planning now owns 3,464 shares of the financial services provider’s stock worth $110,000 after buying an additional 59 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in Trustmark Corporation by 14.1% in the first quarter. Meadow Creek Investment Management LLC now owns 4,444 shares of the financial services provider’s stock worth $141,000 after buying an additional 550 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in Trustmark Corporation by 13.8% in the second quarter. Integrated Investment Consultants LLC now owns 4,925 shares of the financial services provider’s stock worth $158,000 after buying an additional 598 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in Trustmark Corporation by 21.1% in the second quarter. LS Investment Advisors LLC now owns 5,411 shares of the financial services provider’s stock worth $174,000 after buying an additional 941 shares during the last quarter. Hedge funds and other institutional investors own 62.88% of the company’s stock.
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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