Trustmark Corp. (TRMK) Reaches New 1-Year High at $28.58
Trustmark Corp. (NASDAQ:TRMK) hit a new 52-week high during trading on Tuesday . The stock traded as high as $28.58 and last traded at $28.19, with a volume of 256,820 shares. The stock had previously closed at $28.44.
Several brokerages recently commented on TRMK. Zacks Investment Research raised shares of Trustmark Corp. from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, June 14th. Keefe, Bruyette & Woods raised shares of Trustmark Corp. from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $23.00 to $25.00 in a report on Thursday, July 28th. Jefferies Group boosted their price target on shares of Trustmark Corp. from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, July 28th. Finally, SunTrust Banks boosted their price target on shares of Trustmark Corp. from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, June 9th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Trustmark Corp. currently has a consensus rating of “Hold” and a consensus target price of $25.75.
The firm has a market capitalization of $1.90 billion and a price-to-earnings ratio of 18.165. The stock has a 50 day moving average price of $26.83 and a 200-day moving average price of $24.58.
Trustmark Corp. (NASDAQ:TRMK) last announced its earnings results on Tuesday, July 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. During the same quarter in the previous year, the business earned $0.45 EPS. On average, equities research analysts forecast that Trustmark Corp. will post $1.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.23%.
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.
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