Trustmark Corporation (NASDAQ:TRMK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Trustmark Corporation (NASDAQ:TRMK) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $42.25.

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trustmark in a research report on Wednesday, October 8th. Zacks Research cut shares of Trustmark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Wall Street Zen lowered shares of Trustmark from a “hold” rating to a “sell” rating in a report on Saturday, December 6th.

Institutional Investors Weigh In On Trustmark

Several institutional investors have recently bought and sold shares of TRMK. Tudor Investment Corp ET AL grew its position in Trustmark by 11.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 206,748 shares of the financial services provider’s stock worth $8,187,000 after acquiring an additional 21,472 shares during the last quarter. IFP Advisors Inc lifted its position in Trustmark by 24.1% in the third quarter. IFP Advisors Inc now owns 1,375 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 267 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Trustmark during the third quarter valued at approximately $240,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of Trustmark by 2.7% in the third quarter. CANADA LIFE ASSURANCE Co now owns 50,892 shares of the financial services provider’s stock worth $2,023,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Trustmark in the third quarter worth approximately $346,000. 67.64% of the stock is currently owned by hedge funds and other institutional investors.

Trustmark Trading Down 0.4%

Shares of Trustmark stock opened at $40.14 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.87. Trustmark has a 1 year low of $29.77 and a 1 year high of $41.42. The firm has a market cap of $2.41 billion, a PE ratio of 10.97 and a beta of 0.71. The company has a 50 day simple moving average of $38.95 and a two-hundred day simple moving average of $38.56.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Trustmark had a net margin of 19.82% and a return on equity of 10.90%. The firm had revenue of $207.53 million for the quarter, compared to analysts’ expectations of $206.13 million. During the same quarter in the previous year, the business earned $0.84 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts expect that Trustmark will post 3.42 earnings per share for the current fiscal year.

Trustmark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, December 1st. Trustmark’s dividend payout ratio (DPR) is 26.23%.

Trustmark Company Profile

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.