FY2025 Earnings Estimate for Trustmark Issued By DA Davidson

Trustmark Co. (NASDAQ:TRMK) – DA Davidson decreased their FY2025 EPS estimates for shares of Trustmark in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $3.21 per share for the year, down from their prior estimate 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 announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.02. The firm had revenue of $192.30 million during the quarter, compared to analyst estimates of $192.77 million. Trustmark had a return on equity of 9.48% and a net margin of 17.62%. During the same quarter in the prior year, the company earned $0.64 EPS.

Other research analysts have also recently issued reports about the stock. StockNews.com raised shares of Trustmark from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Hovde Group boosted their price objective on shares of Trustmark from $34.00 to $37.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, Truist Financial increased their target price on Trustmark from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $35.20.

Trustmark Stock Up 3.1 %

TRMK stock opened at $35.71 on Friday. The firm has a market cap of $2.18 billion, a PE ratio of 10.79 and a beta of 0.75. The business has a 50 day moving average of $36.99 and a 200 day moving average of $33.33. Trustmark has a twelve month low of $25.24 and a twelve month high of $40.73. 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 Dividend Announcement

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

Insider Buying and Selling at Trustmark

In related news, Director Gerard R. Host sold 26,416 shares of the firm’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 transaction, the director now directly owns 26,792 shares of the company’s stock, valued at approximately $1,064,446.16. This trade represents a 49.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marcelo L. Eduardo sold 790 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $35.89, for a total value of $28,353.10. Following the sale, the director now directly owns 7,334 shares of the company’s stock, valued at $263,217.26. This represents a 9.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,206 shares of company stock valued at $1,347,991. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trustmark

Several large investors have recently added to or reduced their stakes in TRMK. Louisiana State Employees Retirement System raised its position in shares of Trustmark by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the financial services provider’s stock valued at $925,000 after purchasing an additional 600 shares during the period. Bank of New York Mellon Corp raised its holdings in Trustmark by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 685,875 shares of the financial services provider’s stock valued at $20,604,000 after acquiring an additional 2,714 shares during the period. Smith Shellnut Wilson LLC ADV bought a new position in shares of Trustmark in the second quarter worth about $287,000. Innealta Capital LLC bought a new position in shares of Trustmark in the second quarter worth about $61,000. Finally, Natixis Advisors LLC purchased a new stake in shares of Trustmark during the second quarter worth about $329,000. Hedge funds and other institutional investors own 67.64% 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.