Trustmark Corporation (TRMK) Given a $34.00 Price Target at Stephens
Trustmark Corporation (NASDAQ:TRMK) has been assigned a $34.00 target price by equities research analysts at Stephens in a report issued on Monday. The firm currently has a “hold” rating on the financial services provider’s stock. Stephens’ price target would suggest a potential upside of 7.26% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Trustmark Corporation from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, June 28th. ValuEngine upgraded Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded Trustmark Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Jefferies Group LLC restated a “hold” rating and issued a $35.00 price objective on shares of Trustmark Corporation in a research note on Friday, June 9th. Finally, Keefe, Bruyette & Woods set a $31.00 price objective on Trustmark Corporation and gave the company a “hold” rating in a research note on Monday, April 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $34.00.
Trustmark Corporation (TRMK) traded down 0.19% during trading on Monday, hitting $31.64. 20,929 shares of the company traded hands. The stock has a 50 day moving average price of $32.29 and a 200 day moving average price of $32.39. Trustmark Corporation has a 12-month low of $25.56 and a 12-month high of $36.79. The company has a market capitalization of $2.14 billion, a P/E ratio of 18.63 and a beta of 1.13.
Trustmark Corporation (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. The business had revenue of $157.10 million for the quarter, compared to analysts’ expectations of $152.57 million. During the same period in the previous year, the business posted $0.40 EPS. On average, equities analysts anticipate that Trustmark Corporation will post $1.75 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Trustmark Corporation (TRMK) Given a $34.00 Price Target at Stephens” was published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/07/trustmark-corporation-trmk-given-a-34-00-price-target-at-stephens.html.
In other Trustmark Corporation news, insider Charles Scott Woods sold 1,000 shares of Trustmark Corporation stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $32.00, for a total transaction of $32,000.00. Following the completion of the transaction, the insider now owns 13,344 shares of the company’s stock, valued at approximately $427,008. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Duane A. Dewey sold 5,748 shares of Trustmark Corporation stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $30.85, for a total value of $177,325.80. Following the transaction, the insider now directly owns 27,909 shares of the company’s stock, valued at approximately $860,992.65. The disclosure for this sale can be found here. 1.37% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Flinton Capital Management LLC bought a new position in Trustmark Corporation during the fourth quarter worth $101,000. Public Employees Retirement System of Ohio raised its position in Trustmark Corporation by 1.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,426 shares of the financial services provider’s stock worth $110,000 after buying an additional 82 shares during the last quarter. Creative Planning raised 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 worth $110,000 after buying an additional 59 shares during the last quarter. LS Investment Advisors LLC raised its position in Trustmark Corporation by 8.4% in the third quarter. LS Investment Advisors LLC now owns 4,338 shares of the financial services provider’s stock worth $120,000 after buying an additional 335 shares during the last quarter. Finally, Meadow Creek Investment Management LLC raised 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 worth $141,000 after buying an additional 550 shares during the last quarter. 62.32% of the stock is owned by institutional investors and hedge funds.
About Trustmark Corporation
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.