Trustmark Co. (NASDAQ:TRMK) Receives $35.20 Consensus Target Price from Analysts

Trustmark Co. (NASDAQ:TRMK) has been assigned an average rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.20.

Several research firms have recently commented on TRMK. Hovde Group lifted their price objective on shares of Trustmark from $34.00 to $37.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. DA Davidson raised their price objective on shares of Trustmark from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Truist Financial boosted their target price on shares of Trustmark from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, StockNews.com raised Trustmark from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.

Insider Activity at Trustmark

In other news, Director Gerard R. Host sold 7,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $38.59, for a total transaction of $270,130.00. Following the completion of the transaction, the director now directly owns 16,500 shares of the company’s stock, valued at approximately $636,735. The trade was a 29.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marcelo L. Eduardo sold 790 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $35.89, for a total transaction of $28,353.10. Following the completion of the sale, the director now owns 7,334 shares in the company, valued at $263,217.26. The trade was a 9.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,206 shares of company stock valued at $1,347,991. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trustmark

Several large investors have recently bought and sold shares of the business. GoalVest Advisory LLC purchased a new position in shares of Trustmark in the 3rd quarter valued at about $63,000. nVerses Capital LLC purchased a new stake in shares of Trustmark during the 3rd quarter worth approximately $67,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Trustmark in the 3rd quarter valued at $130,000. Blue Trust Inc. grew its position in shares of Trustmark by 225.2% in the 3rd quarter. Blue Trust Inc. now owns 4,953 shares of the financial services provider’s stock valued at $149,000 after buying an additional 3,430 shares during the last quarter. Finally, Arlington Trust Co LLC raised its stake in Trustmark by 77.0% during the 3rd quarter. Arlington Trust Co LLC now owns 5,309 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 2,309 shares in the last quarter. Hedge funds and other institutional investors own 67.64% of the company’s stock.

Trustmark Price Performance

NASDAQ TRMK opened at $34.76 on Friday. The company has a market cap of $2.13 billion, a PE ratio of 10.50 and a beta of 0.76. Trustmark has a 52-week low of $25.24 and a 52-week high of $40.73. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. The firm’s 50 day moving average price is $37.16 and its 200-day moving average price is $34.17.

Trustmark (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.82 by $0.02. The firm had revenue of $192.30 million during the quarter, compared to analyst estimates of $192.77 million. Trustmark had a net margin of 17.62% and a return on equity of 9.48%. During the same quarter in the previous year, the business posted $0.64 EPS. Sell-side analysts forecast that Trustmark will post 2.94 EPS for the current fiscal year.

Trustmark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Friday, November 29th. Trustmark’s dividend payout ratio (DPR) is 27.79%.

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.