Trustmark Corp (NASDAQ:TRMK) has been given an average rating of “Hold” by the eight analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $35.50.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Trustmark from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Saturday, January 13th. Jefferies Group reissued a “hold” rating and issued a $36.00 price target on shares of Trustmark in a report on Thursday, October 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 price target on shares of Trustmark in a report on Thursday, October 26th. BidaskClub raised shares of Trustmark from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Finally, ValuEngine raised shares of Trustmark from a “hold” rating to a “buy” rating in a report on Saturday, September 30th.
Trustmark (NASDAQ:TRMK) traded up $0.13 during midday trading on Friday, hitting $32.36. 231,762 shares of the stock traded hands, compared to its average volume of 266,749. Trustmark has a 12-month low of $28.16 and a 12-month high of $35.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.74 and a current ratio of 0.77. The company has a market cap of $2,183.46, a price-to-earnings ratio of 20.88 and a beta of 1.16.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, February 28th. Trustmark’s dividend payout ratio (DPR) is currently 59.35%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurich Insurance Group Ltd FI purchased a new stake in Trustmark during the second quarter valued at about $946,000. Sciencast Management LP purchased a new stake in Trustmark during the second quarter valued at about $264,000. Citadel Advisors LLC purchased a new stake in Trustmark during the third quarter valued at about $498,000. Susquehanna International Group LLP lifted its holdings in Trustmark by 23.3% during the second quarter. Susquehanna International Group LLP now owns 67,457 shares of the financial services provider’s stock valued at $2,170,000 after purchasing an additional 12,757 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Trustmark by 6.1% during the third quarter. Legal & General Group Plc now owns 87,391 shares of the financial services provider’s stock valued at $2,896,000 after purchasing an additional 4,989 shares during the last quarter. 62.57% of the stock is currently owned by institutional investors and hedge funds.
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Trustmark 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.
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