How should investors evaluate Trustmark Corporation (NASDAQ:TRMK)?

In yesterday’s Wall Street session, Trustmark Corporation (NASDAQ:TRMK) shares traded at $26.26, down -1.72% from the previous session.

As of this writing, 7 analysts cover Trustmark Corporation (NASDAQ:TRMK). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $30.00, we find $31.00. Given the previous closing price of $26.72, this indicates a potential upside of 16.02 percent. TRMK stock price is now -15.60% away from the 50-day moving average and -18.42% away from the 200-day moving average. The market capitalization of the company currently stands at $1.59B.

There are 5 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $31.50 as their price target over the next twelve months.

With the price target maintained at $34, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for Trustmark Corporation (NASDAQ: TRMK). On January 09, 2023, DA Davidson recently initiated its ‘Neutral’ rating on the stock quoting a target price of $38, while ‘Raymond James’ rates the stock as ‘Mkt Perform’.

In other news, Conerly Tracy T, Director bought 1,500 shares of the company’s stock on Jan 27. The stock was bought for $42,360 at an average price of $28.24. Upon completion of the transaction, the Director now directly owns 1,500 shares in the company, valued at $39390.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 28, Director Eduardo Marcelo L sold 780 shares of the business’s stock. A total of $24,898 was realized by selling the stock at an average price of $31.92. This leaves the insider owning 4,729 shares of the company worth $0.12 million. Insiders disposed of 25,647 shares of company stock worth roughly $0.67 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in TRMK stock. A new stake in Trustmark Corporation shares was purchased by FISHER ASSET MANAGEMENT, LLC during the first quarter worth $9,181,000. ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. invested $5,551,000 in shares of TRMK during the first quarter. In the first quarter, SG AMERICAS SECURITIES, LLC acquired a new stake in Trustmark Corporation valued at approximately $1,372,000. CANADA PENSION PLAN INVESTMENT BOARD acquired a new stake in TRMK for approximately $856,000. ALPHA DNA INVESTMENT MANAGEMENT LLC purchased a new stake in TRMK valued at around $791,000 in the second quarter. In total, there are 308 active investors with 68.30% ownership of the company’s stock.

Monday morning saw Trustmark Corporation (NASDAQ: TRMK) opened at $26.51. During the past 12 months, Trustmark Corporation has had a low of $25.51 and a high of $38.47. The fifty day moving average price for TRMK is $31.11 and a two-hundred day moving average price translates $32.19 for the stock.

The latest earnings results from Trustmark Corporation (NASDAQ: TRMK) was released for Dec, 2022. According to the Banks – Regional Company, earnings per share came in at -$0.56, missing analysts’ expectations of $0.57 by -1.13. This compares to $0.42 EPS in the same period last year. The net profit margin was 13.30% and return on equity was 4.60% for TRMK. The company reported revenue of $179.96 million for the quarter, compared to $103.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 74.09 percent. For the current quarter, analysts expect TRMK to generate $192.7M in revenue.

Moreover, the firm recently paid out its quarterly dividend on 03/15/2023. Investors who held shares on 03/01/2023 were paid a $0.23 dividend. On an annualized basis, this represents a $0.92 dividend and a 3.50% percent yield. There was an ex-dividend date of 02/28/2023 for this dividend. In terms of dividend payout ratio, TRMK is presently at 78.70%.

Trustmark Corporation(TRMK) 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. The company also provides mortgage banking services, including construction financing, production of conventional and government-insured mortgages, and secondary marketing and mortgage servicing. In addition, it provides wealth management and trust services, such as administration of personal trusts and estates; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and corporate trust and institutional custody, securities brokerage, financial and estate planning, retirement plan, and investment management services. Further, the company offers business insurance products and services for medical professionals, construction, manufacturing, hospitality, real estate, and group life and health plans; and life and health insurance, and personal line policies for individual customers. As of December 31, 2021, it operated 167 full-service branches and 13 limited service branches; and 198 automated teller machines and 69 interactive teller machines. The company was founded in 1889 and is headquartered in Jackson, Mississippi.