Trustmark (TRMK) Downgraded by BidaskClub to “Sell”

Trustmark (NASDAQ:TRMK) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

TRMK has been the topic of a number of other reports. Jefferies Group reiterated a “hold” rating and issued a $36.00 price target on shares of Trustmark in a report on Thursday, October 12th. ValuEngine upgraded Trustmark from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Zacks Investment Research downgraded Trustmark from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. SunTrust Banks reiterated a “hold” rating and issued a $38.00 price target on shares of Trustmark in a report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 price target on shares of Trustmark in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Trustmark currently has a consensus rating of “Hold” and an average target price of $35.50.

Trustmark (TRMK) opened at $32.36 on Thursday. Trustmark has a fifty-two week low of $28.16 and a fifty-two week high of $35.09. The stock has a market capitalization of $2,183.46, a price-to-earnings ratio of 20.88 and a beta of 1.16. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.74.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. Trustmark had a return on equity of 8.35% and a net margin of 16.15%. The business had revenue of $153.06 million for the quarter, compared to the consensus estimate of $152.80 million. During the same period last year, the business posted $0.43 EPS. sell-side analysts anticipate that Trustmark will post 2.2 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Trustmark by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,625,905 shares of the financial services provider’s stock worth $180,929,000 after buying an additional 116,857 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Trustmark by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,178,682 shares of the financial services provider’s stock worth $171,518,000 after buying an additional 145,646 shares during the last quarter. Wells Fargo & Company MN grew its stake in Trustmark by 3.0% during the 3rd quarter. Wells Fargo & Company MN now owns 2,321,125 shares of the financial services provider’s stock worth $76,875,000 after buying an additional 67,258 shares during the last quarter. Northern Trust Corp grew its stake in Trustmark by 1.4% during the 2nd quarter. Northern Trust Corp now owns 2,129,605 shares of the financial services provider’s stock worth $68,489,000 after buying an additional 30,321 shares during the last quarter. Finally, Earnest Partners LLC grew its stake in Trustmark by 1.4% during the 3rd quarter. Earnest Partners LLC now owns 2,055,699 shares of the financial services provider’s stock worth $68,085,000 after buying an additional 28,819 shares during the last quarter. Hedge funds and other institutional investors own 62.57% of the company’s stock.

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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.

Analyst Recommendations for Trustmark (NASDAQ:TRMK)

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