What is DA Davidson’s Forecast for Trustmark Q1 Earnings?

Trustmark Co. (NASDAQ:TRMK) – Investment analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Trustmark in a report released on Thursday, January 30th. DA Davidson analyst G. Tenner anticipates that the financial services provider will earn $0.80 per share for the quarter. DA Davidson has a “Neutral” rating and a $41.00 price target on the stock. The consensus estimate for Trustmark’s current full-year earnings is $3.20 per share.

Trustmark (NASDAQ:TRMK) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.09. Trustmark had a return on equity of 10.27% and a net margin of 19.42%.

Several other analysts have also recently weighed in on the stock. StockNews.com upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Truist Financial boosted their price target on shares of Trustmark from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Janney Montgomery Scott started coverage on shares of Trustmark in a report on Friday, January 24th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, Hovde Group upped their target price on Trustmark from $34.00 to $37.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Trustmark presently has an average rating of “Hold” and an average target price of $36.83.

Trustmark Price Performance

Shares of TRMK stock opened at $37.50 on Friday. 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 has a market cap of $2.29 billion, a P/E ratio of 10.30 and a beta of 0.76. The business’s 50 day moving average price is $36.47 and its 200-day moving average price is $34.64. Trustmark has a fifty-two week low of $25.24 and a fifty-two week high of $40.73.

Trustmark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be paid a $0.24 dividend. This is a boost from Trustmark’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.56%. Trustmark’s payout ratio is presently 25.27%.

Insider Activity at Trustmark

In related news, Director Gerard R. Host sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $38.59, for a total value of $270,130.00. Following the transaction, the director now directly owns 16,500 shares of the company’s stock, valued at approximately $636,735. This represents a 29.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Barclays PLC increased its holdings in Trustmark by 124.7% in the 3rd quarter. Barclays PLC now owns 125,743 shares of the financial services provider’s stock worth $4,001,000 after buying an additional 69,779 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Trustmark by 6.8% in the third quarter. Principal Financial Group Inc. now owns 598,969 shares of the financial services provider’s stock worth $19,059,000 after acquiring an additional 37,989 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Trustmark by 10.7% during the third quarter. JPMorgan Chase & Co. now owns 122,956 shares of the financial services provider’s stock valued at $3,912,000 after purchasing an additional 11,934 shares during the last quarter. State Street Corp lifted its position in Trustmark by 0.8% during the third quarter. State Street Corp now owns 3,090,988 shares of the financial services provider’s stock valued at $98,355,000 after purchasing an additional 24,450 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Trustmark by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,461,545 shares of the financial services provider’s stock worth $46,515,000 after purchasing an additional 15,627 shares during the last quarter. Hedge funds and other institutional investors own 67.64% of the company’s stock.

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.