FY2025 Earnings Forecast for Trustmark Issued By DA Davidson

Trustmark Co. (NASDAQ:TRMK) – Equities research analysts at DA Davidson lowered their FY2025 earnings per share estimates for Trustmark in a research note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $3.21 per share for the year, down from their prior forecast of $3.22. DA Davidson currently has a “Neutral” rating and a $38.00 target price on the stock. The consensus estimate for Trustmark’s current full-year earnings is $2.94 per share.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Trustmark had a net margin of 17.62% and a return on equity of 9.48%. The business had revenue of $192.30 million for the quarter, compared to the consensus estimate of $192.77 million. During the same quarter last year, the firm earned $0.64 EPS.

A number of other equities analysts have also commented on the company. Hovde Group lifted their price objective on Trustmark from $34.00 to $37.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. StockNews.com raised Trustmark from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Truist Financial upped their target price on shares of Trustmark from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Trustmark has a consensus rating of “Hold” and an average target price of $35.20.

Trustmark Stock Up 3.1 %

Shares of Trustmark stock opened at $35.71 on Friday. The stock has a 50 day moving average price of $36.99 and a two-hundred day moving average price of $33.37. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. Trustmark has a 12-month low of $25.24 and a 12-month high of $40.73. The stock has a market capitalization of $2.18 billion, a P/E ratio of 10.79 and a beta of 0.75.

Hedge Funds Weigh In On Trustmark

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Trustmark by 0.8% during the third quarter. State Street Corp now owns 3,090,988 shares of the financial services provider’s stock valued at $98,355,000 after purchasing an additional 24,450 shares during the period. Magnolia Capital Advisors LLC bought a new stake in Trustmark during the 2nd quarter worth approximately $1,081,000. World Investment Advisors LLC bought a new stake in Trustmark in the 3rd quarter worth approximately $499,000. Dimensional Fund Advisors LP lifted its stake in Trustmark by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,050,787 shares of the financial services provider’s stock worth $121,683,000 after purchasing an additional 64,334 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in shares of Trustmark by 19.8% in the third quarter. Verition Fund Management LLC now owns 778,312 shares of the financial services provider’s stock worth $24,766,000 after buying an additional 128,834 shares during the period. 67.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Trustmark news, Director Gerard R. Host sold 26,416 shares of Trustmark stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $39.73, for a total value of $1,049,507.68. Following the transaction, the director now owns 26,792 shares of the company’s stock, valued at approximately $1,064,446.16. The trade was a 49.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marcelo L. Eduardo sold 790 shares of Trustmark stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $35.89, for a total transaction of $28,353.10. Following the completion of the sale, the director now owns 7,334 shares in the company, valued at $263,217.26. This trade represents a 9.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,206 shares of company stock valued at $1,347,991. 1.50% of the stock is currently owned by corporate insiders.

Trustmark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.92 annualized dividend and a yield of 2.58%. Trustmark’s dividend payout ratio is 27.79%.

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.