Trustmark (TRMK) Downgraded to Sell at BidaskClub

BidaskClub lowered shares of Trustmark (NASDAQ:TRMK) from a hold rating to a sell rating in a report published on Thursday, January 4th.

Several other research analysts have also recently weighed in on TRMK. Zacks Investment Research cut shares of Trustmark from a buy rating to a hold rating in a report on Thursday, September 7th. ValuEngine upgraded shares of Trustmark from a hold rating to a buy rating in a report on Saturday, September 30th. Jefferies Group restated a hold rating and set a $36.00 target price on shares of Trustmark in a report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $34.00 target price on shares of Trustmark in a report on Thursday, October 26th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $35.67.

Shares of Trustmark (TRMK) traded up $0.12 during midday trading on Thursday, hitting $33.77. 246,100 shares of the company’s stock were exchanged, compared to its average volume of 298,733. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.74 and a current ratio of 0.76. The company has a market capitalization of $2,287.65, a P/E ratio of 19.30 and a beta of 1.16. Trustmark has a one year low of $28.16 and a one year high of $35.32.

Trustmark (NASDAQ:TRMK) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $153.37 million during the quarter, compared to the consensus estimate of $154.40 million. Trustmark had a net margin of 18.56% and a return on equity of 8.21%. During the same period in the previous year, the firm posted $0.47 earnings per share. research analysts expect that Trustmark will post 1.92 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Trustmark by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock worth $107,000 after buying an additional 296 shares in the last quarter. Flinton Capital Management LLC grew its stake in Trustmark by 37.6% during the second quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock worth $143,000 after buying an additional 1,216 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Trustmark during the third quarter worth about $202,000. Riverhead Capital Management LLC grew its stake in Trustmark by 38.5% during the second quarter. Riverhead Capital Management LLC now owns 7,065 shares of the financial services provider’s stock worth $227,000 after buying an additional 1,965 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Trustmark by 12.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,436 shares of the financial services provider’s stock worth $239,000 after buying an additional 844 shares in the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.

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Trustmark Company Profile

Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.

Analyst Recommendations for Trustmark (NASDAQ:TRMK)

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