DA Davidson Issues Negative Outlook for Trustmark Earnings

Trustmark Corporation (NASDAQ:TRMK) – Investment analysts at DA Davidson dropped their Q2 2025 earnings per share estimates for Trustmark in a report issued on Friday, June 27th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings of $0.81 per share for the quarter, down from their prior estimate of $0.82. 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 $3.44 EPS and FY2026 earnings at $3.61 EPS.

Several other brokerages also recently commented on TRMK. Wall Street Zen downgraded shares of Trustmark from a “buy” rating to a “hold” rating in a research report on Saturday, June 7th. Keefe, Bruyette & Woods reduced their target price on Trustmark from $45.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Finally, Hovde Group upped their price target on shares of Trustmark from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.80.

Trustmark Trading Up 1.0%

Trustmark stock opened at $36.78 on Monday. Trustmark has a 52 week low of $28.76 and a 52 week high of $40.73. The stock has a market capitalization of $2.22 billion, a P/E ratio of 9.58 and a beta of 0.66. The stock has a 50-day simple moving average of $34.72 and a 200 day simple moving average of $34.99. 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 released its earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. Trustmark had a return on equity of 10.29% and a net margin of 20.73%. The business had revenue of $231.83 million for the quarter, compared to the consensus estimate of $195.38 million.

Hedge Funds Weigh In On Trustmark

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Trustmark by 0.5% during the 4th 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 last quarter. Wellington Management Group LLP lifted its stake in Trustmark by 34.2% in the first quarter. Wellington Management Group LLP now owns 3,318,799 shares of the financial services provider’s stock worth $114,465,000 after purchasing an additional 846,238 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Trustmark by 11.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 993,941 shares of the financial services provider’s stock valued at $34,281,000 after acquiring an additional 99,134 shares during the last quarter. Northern Trust Corp increased its position in shares of Trustmark by 5.0% during the fourth quarter. Northern Trust Corp now owns 808,844 shares of the financial services provider’s stock valued at $28,609,000 after buying an additional 38,594 shares during the period. Finally, Invesco Ltd. increased its position in shares of Trustmark by 1.9% during the fourth quarter. Invesco Ltd. now owns 598,861 shares of the financial services provider’s stock valued at $21,182,000 after buying an additional 11,081 shares during the period. Institutional investors own 67.64% of the company’s stock.

Trustmark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.61%. Trustmark’s dividend payout ratio is currently 25.00%.

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.