Brokerages Set Trustmark Corporation (NASDAQ:TRMK) PT at $42.25

Trustmark Corporation (NASDAQ:TRMK) has been given a consensus recommendation of “Hold” by the five analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $42.3333.

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trustmark in a report on Wednesday. Wall Street Zen downgraded shares of Trustmark from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th.

Hedge Funds Weigh In On Trustmark

Hedge funds and other institutional investors have recently bought and sold shares of the business. Richardson Financial Services Inc. boosted its holdings in Trustmark by 86.7% in the 3rd quarter. Richardson Financial Services Inc. now owns 743 shares of the financial services provider’s stock worth $29,000 after buying an additional 345 shares during the last quarter. Blue Trust Inc. acquired a new position in shares of Trustmark in the fourth quarter worth $31,000. Bessemer Group Inc. lifted its stake in Trustmark by 37.4% in the third quarter. Bessemer Group Inc. now owns 1,073 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 292 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Trustmark by 452.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,248 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,022 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Trustmark by 24.1% in the third quarter. IFP Advisors Inc now owns 1,375 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 267 shares in the last quarter. Institutional investors and hedge funds own 67.64% of the company’s stock.

Trustmark Price Performance

Shares of TRMK stock opened at $40.82 on Thursday. The stock has a 50 day moving average price of $39.84 and a 200 day moving average price of $39.19. The firm has a market capitalization of $2.45 billion, a P/E ratio of 11.15 and a beta of 0.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.87 and a current ratio of 0.88. Trustmark has a 52-week low of $29.77 and a 52-week high of $43.29.

Trustmark (NASDAQ:TRMK) last released its earnings results on Tuesday, October 28th. The financial services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $207.53 million during the quarter, compared to analysts’ expectations of $206.13 million. Trustmark had a return on equity of 10.90% and a net margin of 19.82%.The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. As a group, sell-side analysts predict that Trustmark will post 3.42 earnings per share for the current year.

Trustmark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, December 1st. Trustmark’s dividend payout ratio is currently 26.23%.

About Trustmark

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.