Trustmark Corporation (NASDAQ:TRMK) received a $35.00 price target from stock analysts at Stephens in a research note issued on Wednesday, July 26th. The firm currently has a “hold” rating on the financial services provider’s stock. Stephens’ target price indicates a potential upside of 15.09% from the company’s previous close.
A number of other brokerages have also issued reports on TRMK. Jefferies Group LLC reissued a “hold” rating and issued a $35.00 target price on shares of Trustmark Corporation in a research report on Friday, June 9th. Zacks Investment Research upgraded Trustmark Corporation from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Wednesday, June 28th. BidaskClub upgraded Trustmark Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods set a $31.00 price target on Trustmark Corporation and gave the company a “hold” rating in a research note on Monday, April 10th. Finally, ValuEngine upgraded Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $34.00.
Shares of Trustmark Corporation (NASDAQ TRMK) opened at 30.41 on Wednesday. The company has a market cap of $2.06 billion, a PE ratio of 17.91 and a beta of 1.13. Trustmark Corporation has a 52 week low of $26.81 and a 52 week high of $36.79. The company has a 50 day moving average price of $31.90 and a 200 day moving average price of $32.23.
Trustmark Corporation (NASDAQ:TRMK) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. The business had revenue of $157.10 million for the quarter, compared to analyst estimates of $152.57 million. During the same quarter last year, the firm earned $0.40 EPS. On average, equities analysts expect that Trustmark Corporation will post $1.75 earnings per share for the current year.
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In other news, insider Charles Scott Woods sold 1,000 shares of Trustmark Corporation stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $32.00, for a total transaction of $32,000.00. Following the completion of the transaction, the insider now directly owns 13,344 shares in the company, valued at approximately $427,008. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Duane A. Dewey sold 5,748 shares of Trustmark Corporation stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $30.85, for a total value of $177,325.80. Following the transaction, the insider now owns 27,909 shares of the company’s stock, valued at $860,992.65. The disclosure for this sale can be found here. 1.37% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Flinton Capital Management LLC increased its position in shares of 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 valued at $103,000 after buying an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Trustmark Corporation by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock valued at $107,000 after buying an additional 296 shares in 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 valued at $110,000 after buying an additional 59 shares during the period. 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 valued at $141,000 after buying an additional 550 shares during the period. Finally, 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 valued at $158,000 after buying an additional 598 shares during the period. Institutional investors own 62.07% 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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