Shares of Trustmark Corporation (NASDAQ:TRMK) have earned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $34.00.

TRMK has been the topic of several recent research reports. Zacks Investment Research raised Trustmark Corporation from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, June 28th. ValuEngine raised Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised Trustmark Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Trustmark Corporation in a research note on Friday, June 9th. Finally, Stephens set a $35.00 price objective on Trustmark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th.

In related news, insider Charles Scott Woods sold 1,000 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $32.00, for a total transaction of $32,000.00. Following the completion of the sale, the insider now owns 13,344 shares in the company, valued at $427,008. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.37% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TRMK. Flinton Capital Management LLC boosted its stake in Trustmark Corporation by 14.1% in the first quarter. Flinton Capital Management LLC now owns 3,232 shares of the financial services provider’s stock valued at $103,000 after buying an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Trustmark Corporation by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock valued at $107,000 after buying an additional 296 shares in the last quarter. Creative Planning boosted its stake in Trustmark Corporation by 1.7% in the first quarter. Creative Planning now owns 3,464 shares of the financial services provider’s stock valued at $110,000 after buying an additional 59 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in Trustmark Corporation by 14.1% in the first quarter. Meadow Creek Investment Management LLC now owns 4,444 shares of the financial services provider’s stock valued at $141,000 after buying an additional 550 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its stake in Trustmark Corporation by 13.8% in the second quarter. Integrated Investment Consultants LLC now owns 4,925 shares of the financial services provider’s stock valued at $158,000 after buying an additional 598 shares in the last quarter. Hedge funds and other institutional investors own 62.36% of the company’s stock.

Trustmark Corporation (NASDAQ TRMK) traded up 0.71% on Wednesday, reaching $29.83. The company’s stock had a trading volume of 131,664 shares. The stock has a 50-day moving average of $31.01 and a 200-day moving average of $31.93. Trustmark Corporation has a one year low of $26.81 and a one year high of $36.79. The stock has a market cap of $2.02 billion, a P/E ratio of 17.57 and a beta of 1.16.

Trustmark Corporation (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.44 by $0.03. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. The firm had revenue of $157.10 million for the quarter, compared to the consensus estimate of $152.57 million. During the same quarter last year, the company earned $0.40 earnings per share. On average, analysts predict that Trustmark Corporation will post $1.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, August 30th. Trustmark Corporation’s dividend payout ratio is currently 54.12%.

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Trustmark Corporation 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.

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