What is DA Davidson’s Forecast for Trustmark Q1 Earnings?

Trustmark Co. (NASDAQ:TRMK) – DA Davidson issued their Q1 2025 EPS estimates for shares of Trustmark in a research note issued to investors on Thursday, January 30th. DA Davidson analyst G. Tenner expects that the financial services provider will post earnings per share of $0.80 for the quarter. DA Davidson currently has a “Neutral” rating and a $41.00 price target on the stock. The consensus estimate for Trustmark’s current full-year earnings is $3.20 per share.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.09. Trustmark had a return on equity of 10.27% and a net margin of 19.42%.

TRMK has been the topic of a number of other research reports. Truist Financial lifted their price target on shares of Trustmark from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, October 25th. StockNews.com upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Hovde Group boosted their target price on shares of Trustmark from $34.00 to $37.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Janney Montgomery Scott began coverage on Trustmark in a report on Friday, January 24th. They set a “buy” rating and a $42.00 price target for the company. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.83.

Trustmark Price Performance

Shares of NASDAQ:TRMK opened at $37.50 on Friday. Trustmark has a one year low of $25.24 and a one year high of $40.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 10.30 and a beta of 0.76. The firm has a 50 day simple moving average of $36.47 and a 200 day simple moving average of $34.64.

Trustmark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Trustmark’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.56%. Trustmark’s dividend payout ratio is currently 25.27%.

Insider Buying and Selling at Trustmark

In other news, Director Gerard R. Host sold 26,416 shares of Trustmark stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $39.73, for a total transaction of $1,049,507.68. Following the completion of the sale, the director now owns 26,792 shares in the company, valued at approximately $1,064,446.16. This trade represents a 49.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Trustmark

Institutional investors and hedge funds have recently bought and sold shares of the stock. GoalVest Advisory LLC purchased a new stake in shares of Trustmark during the 3rd quarter valued at $63,000. nVerses Capital LLC bought a new position in Trustmark in the third quarter valued at $67,000. KBC Group NV raised its position in Trustmark by 43.0% during the fourth quarter. KBC Group NV now owns 3,163 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 951 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Trustmark during the third quarter worth about $130,000. Finally, Blue Trust Inc. boosted its holdings in shares of Trustmark by 225.2% in the 3rd quarter. Blue Trust Inc. now owns 4,953 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 3,430 shares in the last quarter. 67.64% of the stock is owned by hedge funds and other institutional investors.

Trustmark Company Profile

Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; financing for commercial and industrial projects, income-producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit, as well as treasury management services.