Trustmark (NASDAQ:TRMK) Price Target Raised to $44.50 at Hovde Group

Trustmark (NASDAQ:TRMK) had its target price upped by Hovde Group from $42.00 to $44.50 in a research report report published on Thursday morning, Marketbeat Ratings reports. They currently have a market perform rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Trustmark from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Trustmark in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.83.

Trustmark Trading Up 0.5%

NASDAQ TRMK opened at $42.32 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.11. Trustmark has a twelve month low of $29.77 and a twelve month high of $43.29. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 11.41 and a beta of 0.69. The business’s fifty day moving average is $40.18 and its 200 day moving average is $39.27.

Trustmark (NASDAQ:TRMK) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. Trustmark had a return on equity of 10.77% and a net margin of 19.95%.The business had revenue of $209.44 million during the quarter, compared to analysts’ expectations of $207.05 million. During the same quarter in the prior year, the firm earned $0.92 EPS. As a group, sell-side analysts expect that Trustmark will post 3.42 EPS for the current fiscal year.

Trustmark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 15th. Stockholders of record on Sunday, March 1st will be given a $0.25 dividend. This is a boost from Trustmark’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. Trustmark’s dividend payout ratio is 25.88%.

Institutional Investors Weigh In On Trustmark

Several institutional investors and hedge funds have recently made changes to their positions in TRMK. Richardson Financial Services Inc. lifted its stake in Trustmark by 86.7% in the third quarter. Richardson Financial Services Inc. now owns 743 shares of the financial services provider’s stock valued at $29,000 after buying an additional 345 shares during the period. Blue Trust Inc. bought a new stake in shares of Trustmark in the 4th quarter valued at $31,000. Bessemer Group Inc. lifted its position in shares of Trustmark by 37.4% during the 3rd quarter. Bessemer Group Inc. now owns 1,073 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 292 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Trustmark by 452.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,248 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,022 shares during the period. Finally, IFP Advisors Inc boosted its stake in Trustmark by 24.1% during the third quarter. IFP Advisors Inc now owns 1,375 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 267 shares in the last quarter. Institutional investors own 67.64% of the company’s stock.

Trending Headlines about Trustmark

Here are the key news stories impacting Trustmark this week:

• Positive Sentiment: Q4 results and management commentary showed strength — Trustmark reported a Q4 beat (EPS above consensus), record net income and revenue slightly above estimates; management highlighted banking momentum and solid credit metrics that underpin the outlook. Earnings Highlights
• Positive Sentiment: The board raised the quarterly dividend to $0.25 (up from $0.24) — annualized yield roughly 2.3% and an ex-dividend date of Feb 27; dividend increases tend to support investor demand for regional banks.
• Positive Sentiment: DA Davidson lifted its price target to $44.00 (from $42) while maintaining a neutral rating, signaling modest upside from current levels. DA Davidson Note
• Positive Sentiment: Hovde Group also raised its target to $44.50 and kept a market‑perform rating, another analyst confirmation of valuation upside even without an outright upgrade.
• Positive Sentiment: Coverage pieces and deep dives emphasize ongoing organic growth and credit quality as drivers of the company’s outlook, reinforcing investor confidence after the quarter. Deep Dive
• Neutral Sentiment: Full earnings call transcript and the investor presentation are available for detail on guidance and segment performance — useful for investors who want to vet management’s forward commentary. Earnings Transcript Presentation

Trustmark Company Profile

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.