Trustmark Corp. (TRMK) Reaches New 1-Year High at $28.38
Trustmark Corp. (NASDAQ:TRMK)’s share price reached a new 52-week high on Monday . The stock traded as high as $28.38 and last traded at $28.29, with a volume of 227,614 shares trading hands. The stock had previously closed at $28.08.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Trustmark Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 16th. Jefferies Group raised their target price on Trustmark Corp. from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, July 28th. Keefe, Bruyette & Woods raised Trustmark Corp. from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $23.00 to $25.00 in a report on Thursday, July 28th. Finally, SunTrust Banks Inc. raised their target price on Trustmark Corp. from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, June 9th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.75.
The company’s 50 day moving average price is $26.40 and its 200-day moving average price is $24.30. The firm has a market cap of $1.91 billion and a price-to-earnings ratio of 18.26.
Trustmark Corp. (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. During the same quarter in the previous year, the business earned $0.45 earnings per share. Equities analysts predict that Trustmark Corp. will post $1.64 EPS for the current 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. This represents a $0.92 annualized dividend and a yield of 3.28%. The ex-dividend date is Tuesday, August 30th.
A hedge fund recently raised its stake in Trustmark Corp. stock. Wells Fargo & Company MN increased its position in shares of Trustmark Corp. (NASDAQ:TRMK) by 28.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 546,882 shares of the financial services provider’s stock after buying an additional 120,739 shares during the period. Wells Fargo & Company MN owned about 0.81% of Trustmark Corp. worth $12,602,000 at the end of the most recent reporting period.
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.