Trustmark Corp. (TRMK) Sets New 52-Week High at $28.38
Trustmark Corp. (NASDAQ:TRMK)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $28.38 and last traded at $28.29, with a volume of 227,614 shares. The stock had previously closed at $28.08.
A number of equities analysts have recently commented on TRMK shares. Zacks Investment Research lowered Trustmark Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 16th. Keefe, Bruyette & Woods upgraded Trustmark Corp. from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $23.00 to $25.00 in a research note on Thursday, July 28th. Jefferies Group reiterated a “hold” rating and issued a $25.00 price objective on shares of Trustmark Corp. in a research note on Thursday, July 7th. Finally, SunTrust Banks Inc. lifted their target price on Trustmark Corp. from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, June 9th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.75.
The firm has a 50 day moving average price of $26.59 and a 200-day moving average price of $24.44. The stock has a market cap of $1.92 billion and a price-to-earnings ratio of 18.32.
Trustmark Corp. (NASDAQ:TRMK) last announced its earnings results on Tuesday, July 26th. The financial services provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. During the same quarter last year, the business earned $0.45 earnings per share. On average, analysts anticipate that Trustmark Corp. will post $1.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.24%.
A hedge fund recently raised its stake in Trustmark Corp. stock. Wells Fargo & Company MN raised its position in Trustmark Corp. (NASDAQ:TRMK) by 28.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 approximately 0.81% of Trustmark Corp. worth $12,602,000 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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