Trustmark Corporation (NASDAQ:TRMK) has earned a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $33.33.

A number of research analysts recently weighed in on the stock. Hovde Group lifted their price objective on shares of Trustmark Corporation from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Jefferies Group LLC restated a “hold” rating and issued a $35.00 price objective on shares of Trustmark Corporation in a report on Monday, May 15th. BidaskClub cut shares of Trustmark Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Zacks Investment Research cut shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, ValuEngine upgraded shares of Trustmark Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

In other Trustmark Corporation news, insider Harry M. Walker sold 7,381 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $33.53, for a total transaction of $247,484.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Duane A. Dewey sold 5,748 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $30.85, for a total transaction of $177,325.80. Following the transaction, the insider now owns 27,909 shares of the company’s stock, valued at approximately $860,992.65. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TRMK. Flinton Capital Management LLC boosted its position in Trustmark Corporation by 14.1% in the first quarter. Flinton Capital Management LLC now owns 3,232 shares of the financial services provider’s stock valued at $103,000 after buying an additional 400 shares during the period. Creative Planning boosted its position in Trustmark Corporation by 1.7% in the first quarter. Creative Planning now owns 3,464 shares of the financial services provider’s stock valued at $110,000 after buying an additional 59 shares during the period. Meadow Creek Investment Management LLC boosted its position in Trustmark Corporation by 14.1% in the first quarter. Meadow Creek Investment Management LLC now owns 4,444 shares of the financial services provider’s stock valued at $141,000 after buying an additional 550 shares during the period. Glen Harbor Capital Management LLC boosted its position in Trustmark Corporation by 14.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,656 shares of the financial services provider’s stock valued at $180,000 after buying an additional 700 shares during the period. Finally, Bank of Montreal Can boosted its position in Trustmark Corporation by 0.3% in the first quarter. Bank of Montreal Can now owns 5,759 shares of the financial services provider’s stock valued at $182,000 after buying an additional 20 shares during the period. Institutional investors own 62.87% of the company’s stock.

Shares of Trustmark Corporation (NASDAQ:TRMK) traded down 0.37% during midday trading on Tuesday, hitting $32.37. 334,253 shares of the stock traded hands. Trustmark Corporation has a 52-week low of $24.50 and a 52-week high of $36.79. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 19.51 and a beta of 1.14. The stock has a 50-day moving average of $31.86 and a 200-day moving average of $32.92.

Trustmark Corporation (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The firm had revenue of $148.46 million during the quarter, compared to analysts’ expectations of $144.60 million. Trustmark Corporation had a net margin of 18.41% and a return on equity of 7.78%. During the same quarter in the previous year, the business posted $0.40 earnings per share. On average, equities analysts predict that Trustmark Corporation will post $1.78 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Tuesday, May 30th. Trustmark Corporation’s dividend payout ratio (DPR) is presently 55.09%.

TRADEMARK VIOLATION NOTICE: “Trustmark Corporation (TRMK) Given Consensus Recommendation of “Hold” by Brokerages” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/07/11/trustmark-corporation-trmk-given-consensus-recommendation-of-hold-by-brokerages.html.

Trustmark Corporation Company Profile

Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.

Receive News & Ratings for Trustmark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trustmark Corporation and related companies with MarketBeat.com's FREE daily email newsletter.