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.

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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.

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