DA Davidson Has Pessimistic View of Trustmark Q1 Earnings

Trustmark Co. (NASDAQ:TRMK) – Investment analysts at DA Davidson decreased their Q1 2025 earnings per share (EPS) estimates for shares of Trustmark in a research report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings of $0.79 per share for the quarter, down from their prior forecast of $0.80. 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 $3.42 per share. DA Davidson also issued estimates for Trustmark’s FY2026 earnings at $3.56 EPS.

A number of other research analysts have also commented on the company. Keefe, Bruyette & Woods upped their price target on Trustmark from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Janney Montgomery Scott initiated coverage on Trustmark in a research note on Friday, January 24th. They set a “buy” rating and a $42.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Trustmark presently has a consensus rating of “Hold” and an average target price of $40.60.

Trustmark Price Performance

TRMK stock opened at $34.59 on Thursday. 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’s 50-day moving average price is $35.94 and its two-hundred day moving average price is $35.62. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 9.50 and a beta of 0.71. Trustmark has a 12-month low of $25.41 and a 12-month high of $40.73.

Trustmark (NASDAQ:TRMK) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.83 by $0.09. Trustmark had a net margin of 19.42% and a return on equity of 10.12%.

Trustmark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.78%. This is a positive change from Trustmark’s previous quarterly dividend of $0.23. Trustmark’s dividend payout ratio is currently 26.37%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TRMK. Jones Financial Companies Lllp bought a new position in Trustmark in the fourth quarter worth $37,000. Lazard Asset Management LLC bought a new position in shares of Trustmark in the 4th quarter worth about $47,000. Sterling Capital Management LLC lifted its position in Trustmark by 817.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,918 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 1,709 shares during the period. Mascagni Wealth Management Inc. bought a new stake in Trustmark during the fourth quarter worth about $82,000. Finally, KBC Group NV grew its holdings in Trustmark by 43.0% in 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. Hedge funds and other institutional investors own 67.64% of the company’s stock.

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.