DA Davidson Analysts Lower Earnings Estimates for Trustmark

Trustmark Co. (NASDAQ:TRMK) – Equities researchers at DA Davidson reduced their FY2025 earnings per share (EPS) estimates for Trustmark in a note issued to investors on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $3.34 per share for the year, down from their previous estimate of $3.36. DA Davidson has a “Neutral” rating and a $41.00 price target on the stock. The consensus estimate for Trustmark’s current full-year earnings is $3.42 per share. DA Davidson also issued estimates for Trustmark’s FY2025 earnings at $3.34 EPS.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. Trustmark had a return on equity of 10.12% and a net margin of 19.42%.

Other research analysts also recently issued research reports about the stock. Janney Montgomery Scott initiated coverage on shares of Trustmark in a report on Friday, January 24th. They issued a “buy” rating and a $42.00 target price for the company. Keefe, Bruyette & Woods upped their price objective on Trustmark from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Trustmark presently has a consensus rating of “Hold” and a consensus price target of $40.60.

Trustmark Stock Performance

TRMK opened at $30.82 on Friday. The firm has a market cap of $1.87 billion, a P/E ratio of 8.47 and a beta of 0.71. Trustmark has a 1-year low of $25.41 and a 1-year high of $40.73. The company has a 50 day simple moving average of $35.78 and a two-hundred day simple moving average of $35.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86.

Trustmark Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were given a dividend of $0.24 per share. This is a positive change from Trustmark’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.11%. Trustmark’s dividend payout ratio (DPR) is presently 26.37%.

Hedge Funds Weigh In On Trustmark

Several institutional investors have recently added to or reduced their stakes in TRMK. The Manufacturers Life Insurance Company boosted its position in shares of Trustmark by 6.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 32,926 shares of the financial services provider’s stock valued at $1,048,000 after acquiring an additional 2,137 shares during the last quarter. Quantbot Technologies LP bought a new position in Trustmark during the third quarter valued at $327,000. FMR LLC lifted its position in Trustmark by 143.4% during the third quarter. FMR LLC now owns 6,851 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 4,036 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Trustmark by 93.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,767 shares of the financial services provider’s stock worth $756,000 after buying an additional 11,477 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Trustmark by 11.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,991 shares of the financial services provider’s stock worth $413,000 after buying an additional 1,381 shares during the last quarter. Hedge funds and other institutional investors own 67.64% of the company’s stock.

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.