Trustmark Corp (NASDAQ:TRMK) – Analysts at Jefferies Group increased their Q1 2017 earnings per share estimates for shares of Trustmark Corp in a report released on Tuesday, according to Zacks Investment Research. Jefferies Group analyst C. Haire now anticipates that the financial services provider will earn $0.40 per share for the quarter, up from their previous estimate of $0.38.
TRMK has been the topic of several other reports. Zacks Investment Research lowered Trustmark Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 11th. Keefe, Bruyette & Woods set a $31.00 price target on Trustmark Corp and gave the company a “hold” rating in a research report on Monday, April 10th. Finally, Hovde Group raised Trustmark Corp from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Wednesday, March 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.80.
Trustmark Corp (NASDAQ:TRMK) traded up 1.476% during mid-day trading on Thursday, reaching $31.965. 167,851 shares of the company’s stock were exchanged. The company has a market capitalization of $2.16 billion, a P/E ratio of 19.991 and a beta of 1.07. The company’s 50 day moving average price is $31.72 and its 200-day moving average price is $32.19. Trustmark Corp has a 52 week low of $22.95 and a 52 week high of $36.79.
Trustmark Corp (NASDAQ:TRMK) last issued its earnings results on Tuesday, January 24th. The financial services provider reported $0.43 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Trustmark Corp had a net margin of 17.94% and a return on equity of 7.54%. The firm had revenue of $145.30 million for the quarter, compared to analysts’ expectations of $146.10 million. During the same quarter last year, the company earned $0.41 earnings per share.
A number of large investors have recently modified their holdings of TRMK. Wells Fargo & Company MN raised its stake in shares of Trustmark Corp by 263.9% in the third quarter. Wells Fargo & Company MN now owns 1,961,544 shares of the financial services provider’s stock valued at $54,061,000 after buying an additional 1,422,443 shares in the last quarter. Norges Bank bought a new stake in shares of Trustmark Corp during the fourth quarter valued at $30,268,000. State Street Corp raised its stake in shares of Trustmark Corp by 18.9% in the fourth quarter. State Street Corp now owns 3,059,705 shares of the financial services provider’s stock valued at $109,080,000 after buying an additional 485,964 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Trustmark Corp by 4.9% in the third quarter. BlackRock Fund Advisors now owns 7,154,870 shares of the financial services provider’s stock valued at $197,188,000 after buying an additional 332,853 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Trustmark Corp by 20.0% in the third quarter. JPMorgan Chase & Co. now owns 944,852 shares of the financial services provider’s stock valued at $26,040,000 after buying an additional 157,630 shares in the last quarter. 63.48% of the stock is currently owned by hedge funds and other institutional investors.
About Trustmark Corp
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Trustmark Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trustmark Corp and related companies with MarketBeat.com's FREE daily email newsletter.