Trustmark Corporation (NASDAQ:TRMK)‘s stock had its “hold” rating restated by Jefferies Group LLC in a report released on Thursday. They currently have a $36.00 target price on the financial services provider’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 8.14% from the company’s current price. Jefferies Group also issued estimates for Trustmark Corporation’s Q4 2017 earnings at $0.43 EPS, FY2017 earnings at $1.84 EPS, Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $1.93 EPS and FY2019 earnings at $2.06 EPS.

A number of other research analysts also recently commented on TRMK. BidaskClub downgraded shares of Trustmark Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Hovde Group downgraded shares of Trustmark Corporation from an “outperform” rating to a “market perform” rating and set a $34.00 price objective on the stock. in a research report on Friday, June 23rd. Zacks Investment Research downgraded shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine downgraded shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Stephens set a $35.00 price objective on shares of Trustmark Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.80.

Shares of Trustmark Corporation (NASDAQ TRMK) opened at 33.29 on Thursday. Trustmark Corporation has a 12 month low of $26.81 and a 12 month high of $36.79. The company’s 50-day moving average is $31.30 and its 200-day moving average is $31.70. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 19.61 and a beta of 1.17.

Trustmark Corporation (NASDAQ:TRMK) last released its earnings results on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.03. The business 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 last year, the firm posted $0.40 earnings per share. On average, equities research analysts forecast that Trustmark Corporation will post $1.75 earnings per share for the current fiscal year.

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In other Trustmark Corporation news, insider Charles Scott Woods sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $32.00, for a total value of $32,000.00. Following the completion of the sale, the insider now directly owns 13,344 shares of the company’s stock, valued at $427,008. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.37% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in Trustmark Corporation by 18,306.5% in the first quarter. BlackRock Inc. now owns 9,862,184 shares of the financial services provider’s stock worth $313,520,000 after acquiring an additional 9,808,604 shares in the last quarter. Vanguard Group Inc. grew its position in Trustmark Corporation by 2.1% in the second quarter. Vanguard Group Inc. now owns 5,625,905 shares of the financial services provider’s stock worth $180,929,000 after acquiring an additional 116,857 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Trustmark Corporation by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,033,036 shares of the financial services provider’s stock worth $161,864,000 after acquiring an additional 189,873 shares in the last quarter. State Street Corp grew its position in Trustmark Corporation by 12.7% in the first quarter. State Street Corp now owns 3,447,765 shares of the financial services provider’s stock worth $109,605,000 after acquiring an additional 388,060 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Trustmark Corporation by 4.2% in the second quarter. Wells Fargo & Company MN now owns 2,253,867 shares of the financial services provider’s stock worth $72,484,000 after acquiring an additional 91,676 shares in the last quarter. 62.36% of the stock is owned by institutional investors.

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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