Trustmark Corporation (TRMK) – Research Analysts’ Weekly Ratings Changes

Trustmark Corporation (NASDAQ: TRMK) recently received a number of ratings updates from brokerages and research firms:

  • 8/7/2017 – Trustmark Corporation was given a new $34.00 price target on by analysts at Stephens. They now have a “hold” rating on the stock.
  • 8/5/2017 – Trustmark Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/29/2017 – Trustmark Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $36.00 price target on the stock. According to Zacks, “Trustmark Corporation is a multi-bank holding company. Its primary business activities are conducted through its wholly-owned subsidiary, Trustmark National Bank and Trustmark National Bank’s wholly-owned nonbanking subsidiaries, Trustmark Financial Services, Inc. and Trustmark Insurance Agency, Inc. Trustmark National Bank accounts for substantially all of the assets and revenues of the company. “
  • 7/26/2017 – Trustmark Corporation was given a new $35.00 price target on by analysts at Stephens. They now have a “hold” rating on the stock.
  • 7/25/2017 – Trustmark Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/19/2017 – Trustmark Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/13/2017 – Trustmark Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/4/2017 – Trustmark Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Trustmark Corporation is a multi-bank holding company. Its primary business activities are conducted through its wholly-owned subsidiary, Trustmark National Bank and Trustmark National Bank’s wholly-owned nonbanking subsidiaries, Trustmark Financial Services, Inc. and Trustmark Insurance Agency, Inc. Trustmark National Bank accounts for substantially all of the assets and revenues of the company. “
  • 6/30/2017 – Trustmark Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/28/2017 – Trustmark Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $35.00 price target on the stock. According to Zacks, “Trustmark Corporation is a multi-bank holding company. Its primary business activities are conducted through its wholly-owned subsidiary, Trustmark National Bank and Trustmark National Bank’s wholly-owned nonbanking subsidiaries, Trustmark Financial Services, Inc. and Trustmark Insurance Agency, Inc. Trustmark National Bank accounts for substantially all of the assets and revenues of the company. “
  • 6/23/2017 – Trustmark Corporation was downgraded by analysts at Hovde Group from an “outperform” rating to a “market perform” rating. They now have a $34.00 price target on the stock.
  • 6/22/2017 – Trustmark Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/10/2017 – Trustmark Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Trustmark Corporation (NASDAQ:TRMK) traded down 1.87% on Wednesday, hitting $30.97. 170,671 shares of the company traded hands. Trustmark Corporation has a 1-year low of $25.56 and a 1-year high of $36.79. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 18.24 and a beta of 1.13. The firm’s 50 day moving average price is $32.17 and its 200-day moving average price is $32.38.

Trustmark Corporation (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. The firm had revenue of $157.10 million during the quarter, compared to analysts’ expectations of $152.57 million. During the same period in the previous year, the business earned $0.40 earnings per share. On average, equities research analysts expect that Trustmark Corporation will post $1.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, August 30th. Trustmark Corporation’s payout ratio is 54.12%.

In related news, insider Duane A. Dewey sold 5,748 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $30.85, for a total transaction of $177,325.80. Following the completion of the sale, the insider now directly owns 27,909 shares in the company, valued at $860,992.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles Scott Woods sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $32.00, for a total value of $32,000.00. Following the sale, the insider now owns 13,344 shares of the company’s stock, valued at $427,008. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.

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