FY2025 Earnings Estimate for Trustmark Issued By DA Davidson

Trustmark Co. (NASDAQ:TRMK) – Investment analysts at DA Davidson upped their FY2025 EPS estimates for Trustmark in a research report issued on Thursday, January 30th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $3.58 per share for the year, up from their prior estimate of $3.21. DA Davidson has a “Neutral” rating and a $41.00 price objective on the stock. The consensus estimate for Trustmark’s current full-year earnings is $3.20 per share.

Trustmark (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. Trustmark had a net margin of 19.42% and a return on equity of 10.27%.

A number of other research analysts have also issued reports on TRMK. Janney Montgomery Scott initiated coverage on shares of Trustmark in a research note on Friday, January 24th. They set a “buy” rating and a $42.00 price target on the stock. StockNews.com raised shares of Trustmark from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Hovde Group increased their price target 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, Truist Financial increased 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. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Trustmark currently has a consensus rating of “Hold” and an average price target of $36.83.

Trustmark Trading Up 0.3 %

NASDAQ TRMK opened at $37.50 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $2.29 billion, a PE ratio of 10.30 and a beta of 0.76. Trustmark has a one year low of $25.24 and a one year high of $40.73. The firm’s fifty day moving average is $36.47 and its two-hundred day moving average is $34.65.

Institutional Trading of Trustmark

Hedge funds have recently bought and sold shares of the company. GoalVest Advisory LLC acquired a new stake in Trustmark during the third quarter worth approximately $63,000. nVerses Capital LLC purchased a new position in Trustmark during the third quarter worth approximately $67,000. KBC Group NV raised its stake in Trustmark by 43.0% during the fourth 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 period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Trustmark during the third quarter worth approximately $130,000. Finally, Blue Trust Inc. raised its stake in Trustmark by 225.2% during the third 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 during the period. Institutional investors and hedge funds own 67.64% of the company’s stock.

Insider Activity

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

Trustmark Increases Dividend

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

About Trustmark

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.