6 hours Ago By Defense World Staff
Trustmark Co. ( NASDAQ:TRMK – Free Report ) – DA Davidson cut their FY2025 EPS estimates for Trustmark in a research report issued on Thursday, December 19th. DA Davidson analyst G.
Tenner now anticipates that the financial services provider will earn $3.21 per share for the year, down from their previous estimate of $3.22.
DA Davidson has a “Neutral” rating and a $38.00 price target on the stock. The consensus estimate for Trustmark’s current full-year earnings is $2.
94 per share. A number of other brokerages have also weighed in on TRMK. Hovde Group increased their target price on shares of Trustmark from $34.
00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. StockNews.
com raised shares of Trustmark from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Truist Financial boosted their target price on shares of Trustmark from $35.00 to $36.
00 and gave the company a “hold” rating in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.
com, Trustmark has an average rating of “Hold” and an average target price of $35.20. Trustmark Stock Up 3.
1 % Shares of NASDAQ TRMK opened at $35.71 on Friday. The company has a debt-to-equity ratio of 0.
09, a current ratio of 0.87 and a quick ratio of 0.86.
The stock has a market capitalization of $2.18 billion, a PE ratio of 10.79 and a beta of 0.
75. Trustmark has a one year low of $25.24 and a one year high of $40.
73. The business’s fifty day moving average price is $36.99 and its 200-day moving average price is $33.
33. Trustmark ( NASDAQ:TRMK – Get Free Report ) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.
84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.02.
Trustmark had a net margin of 17.62% and a return on equity of 9.48%.
The company had revenue of $192.30 million during the quarter, compared to analyst estimates of $192.77 million.
During the same quarter last year, the business posted $0.64 EPS. Trustmark Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th.
Investors of record on Sunday, December 1st were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 29th.
This represents a $0.92 annualized dividend and a yield of 2.58%.
Trustmark’s dividend payout ratio (DPR) is presently 27.79%. Insider Activity at Trustmark In related news, Director Gerard R.
Host sold 26,416 shares of Trustmark stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $39.73, for a total value of $1,049,507.
68. Following the transaction, the director now owns 26,792 shares in the company, valued at $1,064,446.16.
This trade represents a 49.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
Also, Director Marcelo L. Eduardo sold 790 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $35.
89, for a total transaction of $28,353.10. Following the sale, the director now owns 7,334 shares of the company’s stock, valued at approximately $263,217.
26. The trade was a 9.72 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold a total of 34,206 shares of company stock valued at $1,347,991 over the last 90 days. 1.
50% of the stock is owned by insiders. Hedge Funds Weigh In On Trustmark Large investors have recently bought and sold shares of the stock. GoalVest Advisory LLC bought a new position in shares of Trustmark in the third quarter worth approximately $63,000.
Innealta Capital LLC bought a new stake in Trustmark in the 2nd quarter worth $61,000. nVerses Capital LLC purchased a new position in shares of Trustmark in the third quarter valued at about $67,000. Point72 Asia Singapore Pte.
Ltd. purchased a new stake in shares of Trustmark during the third quarter worth about $130,000. Finally, Blue Trust Inc.
grew its stake in shares of Trustmark by 225.2% in the third quarter. Blue Trust Inc.
now owns 4,953 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 3,430 shares during the last quarter. 67.64% of the stock is owned by hedge funds and other institutional investors.
About Trustmark ( 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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