Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Trustmark Corporation (TRMK) Stock Price
News stories about Trustmark Corporation (NASDAQ:TRMK) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Trustmark Corporation earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.5220973339476 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Trustmark Corporation (NASDAQ:TRMK) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Trustmark Corporation (NASDAQ:TRMK) Lowered to “Strong Sell” at BidaskClub (americanbankingnews.com)
- Trustmark Corp. – Value Analysis (NASDAQ:TRMK) : August 5, 2017 (finance.yahoo.com)
- SunTrust Banks Analysts Boost Earnings Estimates for Trustmark Corporation (NASDAQ:TRMK) (americanbankingnews.com)
- Insider Selling: Trustmark Corporation (NASDAQ:TRMK) Insider Sells 1,000 Shares of Stock (americanbankingnews.com)
Several analysts have recently weighed in on the stock. BidaskClub lowered shares of Trustmark Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Trustmark Corporation from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Saturday, July 29th. Stephens set a $35.00 target price on shares of Trustmark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. ValuEngine raised shares of Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Hovde Group downgraded shares of Trustmark Corporation from an “outperform” rating to a “market perform” rating and set a $34.00 target price for the company. in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $34.20.
Shares of Trustmark Corporation (TRMK) traded up 0.16% on Friday, reaching $31.70. 176,616 shares of the company traded hands. The firm has a 50-day moving average price of $32.29 and a 200 day moving average price of $32.39. The company has a market capitalization of $2.15 billion, a PE ratio of 18.67 and a beta of 1.13. Trustmark Corporation has a one year low of $25.56 and a one year high of $36.79.
Trustmark Corporation (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. The firm had revenue of $157.10 million for the quarter, compared to the consensus estimate of $152.57 million. Trustmark Corporation had a net margin of 18.35% and a return on equity of 8.04%. During the same period in the previous year, the firm earned $0.40 EPS. Equities analysts forecast that Trustmark Corporation will post $1.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Wednesday, August 30th. Trustmark Corporation’s dividend payout ratio (DPR) is currently 54.12%.
In other news, insider Charles Scott Woods sold 1,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $32.00, for a total transaction of $32,000.00. Following the sale, the insider now directly owns 13,344 shares in the company, valued at $427,008. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Duane A. Dewey sold 5,748 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $30.85, for a total value of $177,325.80. Following the sale, the insider now owns 27,909 shares in the company, valued at $860,992.65. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.
Trustmark Corporation Company Profile
Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.
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