Trustmark Corp. (TRMK) Sets New 12-Month High at $27.82
Trustmark Corp. (NASDAQ:TRMK) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.82 and last traded at $27.68, with a volume of 172,926 shares changing hands. The stock had previously closed at $27.55.
TRMK has been the subject of a number of analyst reports. Zacks Investment Research upgraded Trustmark Corp. from a “sell” rating to a “hold” rating and set a $27.00 price objective for the company in a research report on Wednesday, May 4th. SunTrust Banks Inc. boosted their price objective on Trustmark Corp. from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, June 9th. Jefferies Group restated a “hold” rating and set a $25.00 price objective on shares of Trustmark Corp. in a research report on Thursday, July 7th. Finally, Keefe, Bruyette & Woods upgraded Trustmark Corp. from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $23.00 to $25.00 in a research report on Thursday, July 28th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.75.
The stock has a 50-day moving average price of $26.19 and a 200 day moving average price of $24.22. The firm has a market capitalization of $1.88 billion and a P/E ratio of 17.96.
Trustmark Corp. (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. During the same period last year, the firm posted $0.45 EPS. Equities research analysts expect that Trustmark Corp. will post $1.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a $0.23 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.92 annualized dividend and a yield of 3.30%.
A hedge fund recently raised its stake in Trustmark Corp. stock. Mutual of America Capital Management LLC boosted its stake in shares of Trustmark Corp. (NASDAQ:TRMK) by 4.5% during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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 approximately 0.07% of Trustmark Corp. worth $1,085,000 at the end of the most recent quarter.
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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