Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Trustmark (TRMK) Stock Price
News coverage about Trustmark (NASDAQ:TRMK) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Trustmark earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.118389431223 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Trustmark from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Friday, September 8th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 target price on shares of Trustmark in a research note on Thursday, October 26th. ValuEngine cut Trustmark from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Jefferies Group reissued a “hold” rating and issued a $36.00 target price on shares of Trustmark in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.40.
Shares of Trustmark (TRMK) opened at $32.93 on Friday. Trustmark has a 12 month low of $28.16 and a 12 month high of $36.79. The company has a market capitalization of $2,230.00, a price-to-earnings ratio of 17.63 and a beta of 1.15. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.04.
Trustmark (NASDAQ:TRMK) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Trustmark had a return on equity of 8.21% and a net margin of 18.56%. The firm had revenue of $153.37 million for the quarter, compared to analysts’ expectations of $154.40 million. During the same period in the prior year, the firm posted $0.47 earnings per share. equities research analysts anticipate that Trustmark will post 1.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.23 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.79%. Trustmark’s dividend payout ratio is currently 52.57%.
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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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