Trustmark (NASDAQ:TRMK) Reaches New 12-Month High – What’s Next?

Posted by Geri Gentry on Aug 5th, 2026

Trustmark Corporation (NASDAQ:TRMK – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $48.05 and last traded at $47.9460, with a volume of 55782 shares trading hands. The stock had previously closed at $47.45.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TRMK. Weiss Ratings upgraded shares of Trustmark from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 1st. Wall Street Zen downgraded Trustmark from a “hold” rating to a “sell” rating in a research note on Saturday. Piper Sandler increased their price objective on Trustmark from $45.50 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $45.00 price objective on shares of Trustmark in a research report on Thursday, April 9th. Finally, DA Davidson lifted their target price on Trustmark from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Trustmark has an average rating of “Hold” and a consensus target price of $46.12.

Read Our Latest Stock Analysis on TRMK

Trustmark Stock Performance

The stock has a 50 day moving average of $45.79 and a two-hundred day moving average of $44.17. The stock has a market capitalization of $2.84 billion, a PE ratio of 12.31 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.89 and a quick ratio of 0.87.

Trustmark (NASDAQ:TRMK – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $213.38 million for the quarter, compared to analysts’ expectations of $210.30 million. Trustmark had a net margin of 20.75% and a return on equity of 10.69%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 EPS. Research analysts expect that Trustmark Corporation will post 3.93 EPS for the current fiscal year.

Trustmark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. Trustmark’s payout ratio is 25.38%.

Hedge Funds Weigh In On Trustmark

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in Trustmark by 27.0% in the first quarter. Royal Bank of Canada now owns 22,127 shares of the financial services provider’s stock valued at $764,000 after purchasing an additional 4,701 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Trustmark by 230.8% in the 1st quarter. AQR Capital Management LLC now owns 97,234 shares of the financial services provider’s stock worth $3,327,000 after buying an additional 67,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Trustmark by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,217 shares of the financial services provider’s stock valued at $1,249,000 after acquiring an additional 1,592 shares during the last quarter. Millennium Management LLC increased its holdings in Trustmark by 12.4% during the 1st quarter. Millennium Management LLC now owns 197,652 shares of the financial services provider’s stock valued at $6,817,000 after acquiring an additional 21,866 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Trustmark by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 470,756 shares of the financial services provider’s stock valued at $16,236,000 after purchasing an additional 69,110 shares in the last quarter. 67.64% of the stock is owned by hedge funds and other institutional investors.

Trustmark Company Profile

(Get Free Report)

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.