Trustmark Co. (NASDAQ:TRMK) Given Consensus Rating of “Hold” by Brokerages

Shares of Trustmark Co. (NASDAQ:TRMK) have been given a consensus rating of “Hold” by the five analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $40.60.

Several analysts have recently commented on TRMK shares. Janney Montgomery Scott started coverage on shares of Trustmark in a research report on Friday, January 24th. They issued a “buy” rating and a $42.00 price target on the stock. Keefe, Bruyette & Woods upped their target price on Trustmark from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, DA Davidson raised their price target on Trustmark from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th.

Institutional Trading of Trustmark

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in shares of Trustmark during the fourth quarter worth $37,000. Lazard Asset Management LLC purchased a new position in Trustmark during the fourth quarter worth about $47,000. Sterling Capital Management LLC boosted its stake in Trustmark by 817.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,918 shares of the financial services provider’s stock worth $68,000 after buying an additional 1,709 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new stake in Trustmark in the 4th quarter worth about $82,000. Finally, KBC Group NV grew its holdings in Trustmark by 43.0% in the 4th quarter. KBC Group NV now owns 3,163 shares of the financial services provider’s stock valued at $112,000 after buying an additional 951 shares during the period. 67.64% of the stock is owned by hedge funds and other institutional investors.

Trustmark Stock Down 0.4 %

TRMK opened at $35.15 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 9.66 and a beta of 0.71. Trustmark has a one year low of $25.41 and a one year high of $40.73. The business’s fifty day moving average is $36.00 and its two-hundred day moving average is $35.52.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.83 by $0.09. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. Analysts anticipate that Trustmark will post 3.42 EPS for the current fiscal year.

Trustmark Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were paid a dividend of $0.24 per share. This is an increase from Trustmark’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.73%. Trustmark’s dividend payout ratio is presently 26.37%.

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.