BidaskClub lowered shares of Trustmark (NASDAQ:TRMK) from a hold rating to a sell rating in a research report released on Wednesday.

Other equities research analysts have also recently issued research reports about the company. Sandler O’Neill reaffirmed a hold rating and set a $35.00 target price on shares of Trustmark in a research note on Thursday, July 26th. Hovde Group set a $35.00 target price on Trustmark and gave the stock a hold rating in a research note on Saturday, July 28th. Finally, Zacks Investment Research raised Trustmark from a hold rating to a buy rating and set a $38.00 target price for the company in a research note on Thursday, June 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Trustmark has an average rating of Hold and an average price target of $34.86.

Shares of TRMK opened at $33.84 on Wednesday. Trustmark has a 12-month low of $29.78 and a 12-month high of $36.32. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 17.63 and a beta of 0.96.

Trustmark (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. The company had revenue of $155.76 million during the quarter, compared to analysts’ expectations of $151.50 million. Trustmark had a return on equity of 9.13% and a net margin of 19.01%. During the same quarter in the prior year, the firm posted $0.47 earnings per share. research analysts forecast that Trustmark will post 2.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 15th. Investors of record on Saturday, September 1st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $0.92 annualized dividend and a yield of 2.72%. Trustmark’s dividend payout ratio is currently 47.92%.

In related news, insider Charles Scott Woods sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $35.41, for a total transaction of $70,820.00. Following the completion of the sale, the insider now owns 13,998 shares of the company’s stock, valued at $495,669.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Large investors have recently made changes to their positions in the business. Gradient Investments LLC bought a new position in Trustmark in the second quarter worth approximately $169,000. OppenheimerFunds Inc. bought a new position in Trustmark in the second quarter worth approximately $208,000. Leavell Investment Management Inc. bought a new position in Trustmark in the second quarter worth approximately $209,000. Creative Planning bought a new position in Trustmark in the second quarter worth approximately $227,000. Finally, Citadel Advisors LLC bought a new position in Trustmark in the second quarter worth approximately $299,000. Institutional investors and hedge funds own 62.10% 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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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.

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Analyst Recommendations for Trustmark (NASDAQ:TRMK)

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