Trustmark Corporation (TRMK) Given News Impact Rating of 0.16
News headlines about Trustmark Corporation (NASDAQ:TRMK) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Trustmark Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.0530653900939 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Analyzing Select Bancorp (SLCT) & Trustmark Corporation (TRMK) (americanbankingnews.com)
- Trustmark Corporation to Announce Third Quarter Financial Results October 24 and Conduct Earnings Conference Call October 25 (finance.yahoo.com)
- Trustmark Corporation : to Announce Third Quarter Financial Results October 24 and Conduct Earnings Conference Call October 25 (4-traders.com)
- Slightly Optimistic Media Opinion Slightly Unfavorably to Affect Trustmark Corporation Shares Price – Insider Tradings (insidertradings.org)
- Trustmark Corporation (TRMK) and Capstar Financial Holdings (CSTR) Critical Review (americanbankingnews.com)
Shares of Trustmark Corporation (TRMK) opened at 32.92 on Thursday. The stock has a 50 day moving average of $30.58 and a 200-day moving average of $31.59. The stock has a market capitalization of $2.23 billion, a PE ratio of 19.39 and a beta of 1.17. Trustmark Corporation has a 52 week low of $26.81 and a 52 week high of $36.79.
Trustmark Corporation (NASDAQ:TRMK) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.03. The firm had revenue of $157.10 million during the quarter, compared to analyst estimates of $152.57 million. Trustmark Corporation had a net margin of 18.35% and a return on equity of 8.04%. During the same period in the previous year, the firm earned $0.40 EPS. On average, equities research analysts expect that Trustmark Corporation will post $1.75 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Wednesday, August 30th. Trustmark Corporation’s dividend payout ratio (DPR) is 54.12%.
A number of analysts have commented on TRMK shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $35.00 target price on shares of Trustmark Corporation in a report on Friday, June 9th. BidaskClub raised shares of Trustmark Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Hovde Group cut shares of Trustmark Corporation from an “outperform” rating to a “market perform” rating and set a $34.00 target price for the company. in a report on Friday, June 23rd. Zacks Investment Research cut shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, ValuEngine cut shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.60.
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In other news, insider Charles Scott Woods sold 1,000 shares of Trustmark Corporation stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $32.00, for a total transaction of $32,000.00. Following the completion of the transaction, the insider now directly owns 13,344 shares of the company’s stock, valued at approximately $427,008. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.37% of the stock is owned by insiders.
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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