Trustmark Co. (NASDAQ:TRMK – Get Free Report) has been assigned an average recommendation of “Hold” from the four ratings firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $29.67.
TRMK has been the topic of several research reports. TheStreet raised shares of Trustmark from a “c+” rating to a “b” rating in a research report on Tuesday, January 23rd. DA Davidson reissued a “neutral” rating on shares of Trustmark in a research report on Monday, January 15th. Piper Sandler reissued a “neutral” rating and issued a $29.00 price target on shares of Trustmark in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods boosted their price target on shares of Trustmark from $27.00 to $30.00 and gave the company a “market perform” rating in a research report on Friday, January 26th. Finally, StockNews.com raised shares of Trustmark from a “sell” rating to a “hold” rating in a research report on Friday.
Read Our Latest Research Report on Trustmark
Hedge Funds Weigh In On Trustmark
Trustmark Stock Up 1.1 %
Trustmark stock opened at $25.73 on Friday. Trustmark has a fifty-two week low of $18.96 and a fifty-two week high of $28.65. The stock has a market cap of $1.57 billion, a PE ratio of 9.49 and a beta of 0.82. The firm’s 50-day simple moving average is $26.74 and its 200 day simple moving average is $25.27. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.85.
Trustmark (NASDAQ:TRMK – Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The business had revenue of $189.85 million for the quarter, compared to analyst estimates of $187.63 million. Trustmark had a net margin of 15.06% and a return on equity of 10.77%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Research analysts predict that Trustmark will post 2.44 EPS for the current fiscal year.
Trustmark Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Thursday, February 29th. Trustmark’s dividend payout ratio (DPR) is presently 33.95%.
Trustmark Company Profile
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 operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; 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, as well as treasury management services.
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