FY2025 Earnings Estimate for Trustmark Issued By DA Davidson

Trustmark Co. (NASDAQ:TRMK) – Stock analysts at DA Davidson lowered their FY2025 earnings estimates for shares of Trustmark in a report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $3.34 for the year, down from their prior forecast of $3.36. DA Davidson currently has a “Neutral” rating and a $41.00 price target on the stock. The consensus estimate for Trustmark’s current full-year earnings is $3.42 per share. DA Davidson also issued estimates for Trustmark’s FY2025 earnings at $3.34 EPS.

Other equities analysts have also issued reports about the stock. Janney Montgomery Scott began coverage on shares of Trustmark in a research report on Friday, January 24th. They issued a “buy” rating and a $42.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Trustmark from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Trustmark has a consensus rating of “Hold” and an average price target of $40.60.

Trustmark Price Performance

Trustmark stock opened at $30.82 on Friday. The business’s fifty day moving average is $35.78 and its two-hundred day moving average is $35.59. Trustmark has a 52 week low of $25.41 and a 52 week high of $40.73. The firm has a market cap of $1.87 billion, a P/E ratio of 8.47 and a beta of 0.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87.

Trustmark (NASDAQ:TRMK) last announced its earnings results 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 return on equity of 10.12% and a net margin of 19.42%.

Hedge Funds Weigh In On Trustmark

Several large investors have recently modified their holdings of TRMK. Vanguard Group Inc. grew its stake in Trustmark by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 6,686,247 shares of the financial services provider’s stock worth $236,493,000 after purchasing an additional 30,057 shares during the period. State Street Corp grew its position in shares of Trustmark by 0.8% during the 3rd quarter. State Street Corp now owns 3,090,988 shares of the financial services provider’s stock worth $98,355,000 after buying an additional 24,450 shares during the period. Wellington Management Group LLP grew its position in shares of Trustmark by 82.2% during the 4th quarter. Wellington Management Group LLP now owns 2,472,561 shares of the financial services provider’s stock worth $87,454,000 after buying an additional 1,115,708 shares during the period. Geode Capital Management LLC increased its stake in shares of Trustmark by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,461,545 shares of the financial services provider’s stock valued at $46,515,000 after acquiring an additional 15,627 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Trustmark by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 894,807 shares of the financial services provider’s stock valued at $31,649,000 after acquiring an additional 6,683 shares during the period. Institutional investors own 67.64% of the company’s stock.

Trustmark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Trustmark’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 3.11%. Trustmark’s dividend payout ratio (DPR) is currently 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.