Trustmark (NASDAQ:TRMK) Stock Price Expected to Rise, DA Davidson Analyst Says

Trustmark (NASDAQ:TRMK) had its target price hoisted by DA Davidson from $40.00 to $41.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s price target points to a potential upside of 9.33% from the company’s previous close. DA Davidson also issued estimates for Trustmark’s Q1 2025 earnings at $0.80 EPS.

TRMK has been the topic of a number of other reports. Truist Financial lifted their target price on 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 report on Thursday, October 24th. Hovde Group raised their target price on shares of Trustmark from $34.00 to $37.00 and gave the stock 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 issued a “buy” rating and a $42.00 price target on the stock. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Trustmark has a consensus rating of “Hold” and a consensus price target of $36.83.

Trustmark Trading Up 0.3 %

Shares of NASDAQ:TRMK opened at $37.50 on Thursday. The company has a 50 day moving average of $36.47 and a 200-day moving average of $34.64. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.29 billion, a P/E ratio of 10.30 and a beta of 0.76. Trustmark has a twelve month low of $25.24 and a twelve month high of $40.73.

Trustmark (NASDAQ:TRMK) last released its earnings results on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. Trustmark had a return on equity of 10.27% and a net margin of 19.42%. As a group, analysts anticipate that Trustmark will post 3.2 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gerard R. Host sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $38.59, for a total value of $270,130.00. Following the completion of the sale, the director now directly owns 16,500 shares of the company’s stock, valued at $636,735. This represents a 29.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GoalVest Advisory LLC acquired a new stake in shares of Trustmark during the 3rd quarter valued at $63,000. nVerses Capital LLC purchased a new position in Trustmark in the third quarter valued at about $67,000. KBC Group NV increased its position in Trustmark by 43.0% in the 4th quarter. KBC Group NV now owns 3,163 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 951 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Trustmark during the 3rd quarter worth about $130,000. Finally, Blue Trust Inc. lifted its holdings in shares of Trustmark by 225.2% during the 3rd quarter. Blue Trust Inc. now owns 4,953 shares of the financial services provider’s stock valued at $149,000 after buying an additional 3,430 shares during 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.