DA Davidson Brokers Lower Earnings Estimates for Trustmark

Trustmark Co. (NASDAQ:TRMK) – Stock analysts at DA Davidson dropped their Q1 2025 EPS estimates for shares of Trustmark in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings per share of $0.79 for the quarter, down from their prior estimate of $0.80. DA Davidson has a “Neutral” rating and a $41.00 price target 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.

Other equities research analysts have also issued research reports about the stock. Janney Montgomery Scott started coverage on shares of Trustmark in a report on Friday, January 24th. They issued a “buy” rating and a $42.00 price objective for the company. Keefe, Bruyette & Woods lifted their price target on shares of Trustmark from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Trustmark presently has a consensus rating of “Hold” and a consensus price target of $40.60.

Trustmark Stock Performance

Shares of Trustmark stock opened at $30.82 on Thursday. 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 business’s 50 day moving average price is $35.78 and its 200 day moving average price is $35.59. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 8.47 and a beta of 0.71. Trustmark has a one year low of $25.41 and a one year high of $40.73.

Trustmark (NASDAQ:TRMK) last released 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 10.12%.

Trustmark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 28th. This is a positive change from Trustmark’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 3.11%. Trustmark’s dividend payout ratio is 26.37%.

Hedge Funds Weigh In On Trustmark

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp purchased a new stake in Trustmark during the fourth quarter worth approximately $37,000. Lazard Asset Management LLC purchased a new position in shares of Trustmark during the fourth quarter worth about $47,000. Sterling Capital Management LLC boosted its position in shares of Trustmark by 817.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,918 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 1,709 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in shares of Trustmark in the fourth quarter valued at approximately $82,000. Finally, KBC Group NV raised its position in Trustmark by 43.0% in the 4th quarter. KBC Group NV now owns 3,163 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 951 shares during the last quarter. 67.64% of the stock is owned by institutional investors and hedge funds.

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.