Stephens set a $35.00 price target on Trustmark Corporation (NASDAQ:TRMK) in a research note issued to investors on Wednesday. The firm currently has a hold rating on the financial services provider’s stock.

A number of other research firms have also recently weighed in on TRMK. Jefferies Group LLC reissued a hold rating and issued a $35.00 target price on shares of Trustmark Corporation in a research note on Friday, June 9th. Zacks Investment Research raised shares of Trustmark Corporation from a hold rating to a buy rating and set a $35.00 target price on the stock in a research note on Wednesday, June 28th. BidaskClub raised shares of Trustmark Corporation from a strong sell rating to a sell rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods set a $31.00 target price on shares of Trustmark Corporation and gave the company a hold rating in a research note on Monday, April 10th. Finally, ValuEngine raised shares of Trustmark Corporation from a hold rating to a buy rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $34.20.

Shares of Trustmark Corporation (NASDAQ:TRMK) traded down 1.58% during trading on Wednesday, reaching $31.76. The company’s stock had a trading volume of 326,705 shares. Trustmark Corporation has a 1-year low of $25.56 and a 1-year high of $36.79. The company’s 50-day moving average price is $32.37 and its 200 day moving average price is $32.46. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 18.70 and a beta of 1.14.

Trustmark Corporation (NASDAQ:TRMK) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. The business had revenue of $157.10 million for the quarter, compared to analysts’ expectations of $152.57 million. Trustmark Corporation had a net margin of 18.35% and a return on equity of 8.04%. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Analysts anticipate that Trustmark Corporation will post $1.83 EPS for the current year.

TRADEMARK VIOLATION WARNING: This report was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.watchlistnews.com/stephens-analysts-give-trustmark-corporation-trmk-a-35-00-price-target/1462635.html.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.92 annualized dividend and a yield of 2.90%. Trustmark Corporation’s dividend payout ratio is 54.12%.

In other Trustmark Corporation news, insider Duane A. Dewey sold 5,748 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $30.85, for a total transaction of $177,325.80. Following the sale, the insider now directly owns 27,909 shares of the company’s stock, valued at $860,992.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of TRMK. Flinton Capital Management LLC boosted its stake in shares of Trustmark Corporation by 14.1% in the first quarter. Flinton Capital Management LLC now owns 3,232 shares of the financial services provider’s stock valued at $103,000 after buying an additional 400 shares in the last quarter. Creative Planning boosted its stake in shares of Trustmark Corporation by 1.7% in the first quarter. Creative Planning now owns 3,464 shares of the financial services provider’s stock valued at $110,000 after buying an additional 59 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Trustmark Corporation by 14.1% in the first quarter. Meadow Creek Investment Management LLC now owns 4,444 shares of the financial services provider’s stock valued at $141,000 after buying an additional 550 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Trustmark Corporation by 13.8% in the second quarter. Integrated Investment Consultants LLC now owns 4,925 shares of the financial services provider’s stock valued at $158,000 after buying an additional 598 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of Trustmark Corporation by 21.1% in the second quarter. LS Investment Advisors LLC now owns 5,411 shares of the financial services provider’s stock valued at $174,000 after buying an additional 941 shares in the last quarter. 62.88% of the stock is currently owned by hedge funds and other institutional investors.

Trustmark Corporation Company Profile

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.

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