Trustmark Corp. (TRMK) Reaches New 52-Week High at $27.82
Trustmark Corp. (NASDAQ:TRMK)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $27.82 and last traded at $27.68, with a volume of 172,926 shares trading hands. The stock had previously closed at $27.55.
A number of brokerages recently commented on TRMK. Zacks Investment Research raised Trustmark Corp. from a “sell” rating to a “hold” rating and set a $27.00 price target for the company in a research note on Wednesday, May 4th. Keefe, Bruyette & Woods raised Trustmark Corp. from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $23.00 to $25.00 in a research note on Thursday, July 28th. SunTrust Banks Inc. raised their price objective on Trustmark Corp. from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, June 9th. Finally, Jefferies Group raised their price objective on Trustmark Corp. from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, July 28th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Trustmark Corp. has an average rating of “Hold” and a consensus price target of $25.75.
The company has a market capitalization of $1.88 billion and a price-to-earnings ratio of 17.89. The stock’s 50 day moving average is $26.04 and its 200-day moving average is $24.15.
Trustmark Corp. (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. During the same period in the previous year, the business posted $0.45 earnings per share. On average, equities research analysts predict that Trustmark Corp. will post $1.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 3.34%.
An institutional investor recently raised its position in Trustmark Corp. stock. Mutual of America Capital Management LLC raised its stake in shares of Trustmark Corp. (NASDAQ:TRMK) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,099 shares of the financial services provider’s stock after buying an additional 2,018 shares during the period. Mutual of America Capital Management LLC owned about 0.07% of Trustmark Corp. worth $1,085,000 as of its most recent filing with the SEC.
Trustmark Corporation (Trustmark) is a bank holding company. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and other subsidiaries, Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama, Florida, Mississippi, Tennessee and Texas.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.