Shares of Trustmark Corp (NASDAQ:TRMK) have earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $33.80.
TRMK has been the subject of several recent research reports. BidaskClub raised Trustmark from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $33.00 target price on shares of Trustmark in a research note on Thursday, January 25th. Zacks Investment Research downgraded Trustmark from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Hovde Group set a $33.00 target price on Trustmark and gave the stock a “hold” rating in a research note on Monday, February 5th. Finally, SunTrust Banks restated a “hold” rating and set a $38.00 target price on shares of Trustmark in a research note on Tuesday, January 9th.
TRMK stock traded down $0.96 on Friday, hitting $30.61. The stock had a trading volume of 377,074 shares, compared to its average volume of 409,767. The company has a market cap of $2,093.08, a price-to-earnings ratio of 19.75 and a beta of 1.08. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. Trustmark has a 52-week low of $28.16 and a 52-week high of $35.09.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.92 annualized dividend and a yield of 3.01%. Trustmark’s dividend payout ratio (DPR) is 59.35%.
Hedge funds have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. purchased a new position in Trustmark during the 3rd quarter worth $202,000. Paloma Partners Management Co purchased a new position in Trustmark during the 4th quarter worth $220,000. Sciencast Management LP purchased a new position in Trustmark during the 4th quarter worth $233,000. Public Employees Retirement System of Ohio grew its stake in Trustmark by 107.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,468 shares of the financial services provider’s stock worth $247,000 after buying an additional 3,870 shares during the last quarter. Finally, Xact Kapitalforvaltning AB purchased a new position in Trustmark during the 4th quarter worth $257,000. Hedge funds and other institutional investors own 63.19% 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.
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