FY2025 Earnings Estimate for Trustmark Issued By DA Davidson

Trustmark Co. (NASDAQ:TRMKFree Report) – Research analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for shares of Trustmark in a report released on Thursday, January 30th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $3.58 per share for the year, up from their previous estimate of $3.21. DA Davidson currently has a “Neutral” rating and a $41.00 target price on the stock. The consensus estimate for Trustmark’s current full-year earnings is $3.40 per share.

Other research analysts have also recently issued research reports about the company. Truist Financial raised their target price on Trustmark from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Janney Montgomery Scott assumed coverage on shares of Trustmark in a research report on Friday, January 24th. They set a “buy” rating and a $42.00 price objective on the stock. Keefe, Bruyette & Woods upped their price objective on Trustmark from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday. Hovde Group boosted their price target on Trustmark from $34.00 to $37.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Finally, StockNews.com upgraded Trustmark from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Trustmark presently has a consensus rating of “Hold” and a consensus target price of $38.67.

View Our Latest Research Report on TRMK

Trustmark Trading Up 2.4 %

NASDAQ:TRMK opened at $37.79 on Monday. Trustmark has a 12 month low of $25.24 and a 12 month high of $40.73. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $36.37 and a 200-day moving average price of $34.70. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 10.38 and a beta of 0.76.

Trustmark (NASDAQ:TRMKGet Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share for the quarter, beating 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%.

Institutional Investors Weigh In On Trustmark

A number of institutional investors have recently added to or reduced their stakes in TRMK. GoalVest Advisory LLC purchased a new stake in shares of Trustmark in the third quarter worth about $63,000. nVerses Capital LLC purchased a new position in Trustmark during the 3rd quarter valued at approximately $67,000. KBC Group NV increased its stake in Trustmark by 43.0% in the 4th quarter. KBC Group NV now owns 3,163 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 951 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Trustmark during the 3rd quarter worth approximately $130,000. Finally, Blue Trust Inc. boosted its position in shares of Trustmark by 225.2% during the 3rd quarter. Blue Trust Inc. now owns 4,953 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 3,430 shares during the last quarter. 67.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Gerard R. Host sold 7,000 shares of Trustmark stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $38.59, for a total transaction of $270,130.00. Following the sale, the director now owns 16,500 shares of the company’s stock, valued at approximately $636,735. This trade represents a 29.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Trustmark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be given a $0.24 dividend. This is a boost from Trustmark’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.54%. Trustmark’s dividend payout ratio is presently 25.27%.

Trustmark Company Profile

(Get Free Report)

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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