Trustmark (TRMK) Cut to “Hold” at ValuEngine

Trustmark (NASDAQ:TRMK) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Monday.

Other analysts also recently issued reports about the stock. SunTrust Banks cut their price objective on shares of Trustmark to $33.00 and set an “average” rating on the stock in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Trustmark from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Saturday, January 13th. BidaskClub upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Stephens restated a “hold” rating and set a $34.00 price target on shares of Trustmark in a research report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $33.00 price target on shares of Trustmark in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Trustmark has an average rating of “Hold” and a consensus target price of $34.50.

How to Become a New Pot Stock Millionaire

NASDAQ:TRMK traded down $0.71 during mid-day trading on Monday, hitting $30.45. The stock had a trading volume of 416,521 shares, compared to its average volume of 337,068. The company has a market cap of $2,130.71, a PE ratio of 15.86 and a beta of 1.03. Trustmark has a 52 week low of $28.16 and a 52 week high of $35.09. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04.

Trustmark (NASDAQ:TRMK) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $153.06 million for the quarter, compared to the consensus estimate of $152.80 million. Trustmark had a net margin of 16.15% and a return on equity of 8.35%. During the same period last year, the firm posted $0.43 EPS. equities analysts anticipate that Trustmark will post 2.15 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Trustmark by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,178,682 shares of the financial services provider’s stock worth $171,518,000 after buying an additional 145,646 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Trustmark by 2.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,376,182 shares of the financial services provider’s stock worth $75,705,000 after buying an additional 55,057 shares in the last quarter. Earnest Partners LLC raised its position in shares of Trustmark by 10.8% during the 4th quarter. Earnest Partners LLC now owns 2,276,914 shares of the financial services provider’s stock worth $72,542,000 after buying an additional 221,215 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Trustmark by 3.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 439,994 shares of the financial services provider’s stock worth $14,019,000 after buying an additional 13,866 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Trustmark by 28.8% in the 4th quarter. Deutsche Bank AG now owns 356,703 shares of the financial services provider’s stock worth $11,361,000 after purchasing an additional 79,706 shares during the last quarter. Institutional investors own 63.19% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Trustmark (TRMK) Cut to “Hold” at ValuEngine” was originally reported by WKRB News and is the sole property of of WKRB News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.wkrb13.com/2018/04/03/trustmark-trmk-cut-to-hold-at-valuengine.html.

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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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.

Analyst Recommendations for Trustmark (NASDAQ:TRMK)

Receive News & Ratings for Trustmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trustmark and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply