Jefferies Group Initiates Coverage on Trustmark Corp. (TRMK)
Research analysts at Jefferies Group initiated coverage on shares of Trustmark Corp. (NASDAQ:TRMK) in a report released on Tuesday. The firm set a “hold” rating and a $24.00 price target on the stock. Jefferies Group’s price target would suggest a potential upside of 3.58% from the company’s current price.
Trustmark Corp. (NASDAQ:TRMK) opened at 23.17 on Tuesday. Trustmark Corp. has a 52 week low of $22.35 and a 52 week high of $28.88. The stock has a 50-day moving average of $23.67 and a 200-day moving average of $23.94. The company has a market cap of $1.563 billion and a price-to-earnings ratio of 12.61.
Trustmark Corp. (NASDAQ:TRMK) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.06. During the same quarter in the prior year, the company posted $0.46 earnings per share. Analysts expect that Trustmark Corp. will post $1.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, September 1st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Wednesday, August 27th.
Trustmark Corporation (NASDAQ:TRMK) is a bank holding company.
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