Shares of Trustmark Corp (NASDAQ:TRMK) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $33.00.
A number of brokerages have recently weighed in on TRMK. BidaskClub lowered Trustmark from a “hold” rating to a “sell” rating in a report on Saturday, November 23rd. Zacks Investment Research raised Trustmark from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Finally, ValuEngine upgraded Trustmark from a “sell” rating to a “hold” rating in a research report on Monday, November 4th.
Shares of TRMK traded down $0.11 during trading hours on Tuesday, reaching $34.05. 239,047 shares of the company traded hands, compared to its average volume of 328,808. The stock has a market capitalization of $2.17 billion, a P/E ratio of 15.41 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.04. Trustmark has a 12-month low of $26.84 and a 12-month high of $36.63. The business has a fifty day moving average price of $34.61 and a 200-day moving average price of $33.68.
Trustmark (NASDAQ:TRMK) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. Trustmark had a return on equity of 9.51% and a net margin of 21.68%. The company had revenue of $160.05 million during the quarter, compared to analyst estimates of $160.21 million. During the same quarter last year, the business posted $0.54 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, research analysts predict that Trustmark will post 2.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.70%. Trustmark’s payout ratio is currently 41.63%.
Several institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC purchased a new stake in Trustmark in the second quarter valued at $49,000. Laurion Capital Management LP acquired a new position in shares of Trustmark in the 2nd quarter valued at about $512,000. Alps Advisors Inc. purchased a new stake in shares of Trustmark in the third quarter worth about $363,000. AQR Capital Management LLC boosted its stake in shares of Trustmark by 16.3% in the second quarter. AQR Capital Management LLC now owns 28,089 shares of the financial services provider’s stock worth $934,000 after buying an additional 3,937 shares during the last quarter. Finally, Chicago Equity Partners LLC grew its holdings in Trustmark by 251.8% during the third quarter. Chicago Equity Partners LLC now owns 73,164 shares of the financial services provider’s stock worth $2,496,000 after acquiring an additional 52,364 shares during the period. 66.67% of the stock is owned by hedge funds and other institutional investors.
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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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.
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