Trustmark (TRMK) to Release Earnings on Tuesday

Trustmark (NASDAQ:TRMK) is projected to announce its earnings results after the market closes on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.83 per share and revenue of $194,975.00 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Trustmark Price Performance

Shares of NASDAQ:TRMK opened at $35.69 on Friday. Trustmark has a one year low of $25.24 and a one year high of $40.73. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 10.78 and a beta of 0.76. The company has a 50-day simple moving average of $36.59 and a 200-day simple moving average of $34.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87.

Analyst Upgrades and Downgrades

TRMK has been the subject of a number of recent research reports. StockNews.com raised Trustmark from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Janney Montgomery Scott began coverage on Trustmark in a report on Friday. They set a “buy” rating and a $42.00 price target for the company. Truist Financial lifted their price objective on shares of Trustmark from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, October 25th. DA Davidson raised their target price on shares of Trustmark from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Hovde Group lifted their target price on shares of Trustmark from $34.00 to $37.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $36.33.

Insiders Place Their Bets

In other Trustmark news, Director Gerard R. Host sold 26,416 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $39.73, for a total value of $1,049,507.68. Following the sale, the director now owns 26,792 shares of the company’s stock, valued at approximately $1,064,446.16. This represents a 49.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marcelo L. Eduardo sold 790 shares of Trustmark stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $35.89, for a total value of $28,353.10. Following the transaction, the director now directly owns 7,334 shares of the company’s stock, valued at $263,217.26. This trade represents a 9.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,206 shares of company stock worth $1,347,991. Corporate insiders own 1.50% of the company’s stock.

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.