Shares of Trustmark Corp (NASDAQ:TRMK) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $33.00.
Several research firms have recently weighed in on TRMK. BidaskClub lowered Trustmark from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. ValuEngine raised Trustmark from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Zacks Investment Research raised Trustmark from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th.
TRMK traded up $0.01 during midday trading on Friday, hitting $35.16. The company’s stock had a trading volume of 12,337 shares, compared to its average volume of 205,794. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.27 billion, a P/E ratio of 15.91 and a beta of 1.09. The firm has a 50-day moving average price of $34.32 and a two-hundred day moving average price of $33.76. Trustmark has a 52-week low of $26.84 and a 52-week high of $36.63.
Trustmark (NASDAQ:TRMK) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $160.05 million during the quarter, compared to analysts’ expectations of $160.21 million. Trustmark had a return on equity of 9.51% and a net margin of 21.68%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. On average, equities analysts expect that Trustmark will post 2.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Wednesday, November 27th. Trustmark’s dividend payout ratio is currently 41.63%.
In other news, insider Breck W. Tyler sold 19,398 shares of Trustmark stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $33.70, for a total value of $653,712.60. Following the transaction, the insider now directly owns 23,656 shares of the company’s stock, valued at approximately $797,207.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new position in Trustmark during the 2nd quarter worth approximately $49,000. Laurion Capital Management LP acquired a new position in Trustmark during the 2nd quarter worth approximately $512,000. AQR Capital Management LLC lifted its position in Trustmark by 16.3% during the 2nd quarter. AQR Capital Management LLC now owns 28,089 shares of the financial services provider’s stock worth $934,000 after acquiring an additional 3,937 shares in the last quarter. First Midwest Bank Trust Division lifted its position in Trustmark by 123.4% during the 2nd quarter. First Midwest Bank Trust Division now owns 14,852 shares of the financial services provider’s stock worth $494,000 after acquiring an additional 8,205 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in Trustmark during the 2nd quarter worth approximately $10,426,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.
Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit.
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