Trustmark Corporation (NASDAQ:TRMK) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday.

Other analysts have also issued research reports about the company. Zacks Investment Research upgraded Trustmark Corporation from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Wednesday, June 28th. BidaskClub upgraded Trustmark Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Stephens restated a “hold” rating on shares of Trustmark Corporation in a report on Wednesday, April 26th. Jefferies Group LLC restated a “hold” rating and set a $35.00 price target on shares of Trustmark Corporation in a report on Friday, June 9th. Finally, Hovde Group lowered Trustmark Corporation from an “outperform” rating to a “market perform” rating and set a $34.00 price target on the stock. in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $34.00.

Trustmark Corporation (NASDAQ TRMK) opened at 31.11 on Thursday. The company has a market cap of $2.11 billion, a PE ratio of 18.32 and a beta of 1.13. The stock has a 50 day moving average of $32.05 and a 200 day moving average of $32.34. Trustmark Corporation has a one year low of $25.68 and a one year high of $36.79.

Trustmark Corporation (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. The company had revenue of $157.10 million for the quarter, compared to analyst estimates of $152.57 million. During the same quarter in the prior year, the firm posted $0.40 EPS. On average, analysts anticipate that Trustmark Corporation will post $1.75 earnings per share for the current fiscal year.

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In related news, insider Duane A. Dewey sold 5,748 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $30.85, for a total transaction of $177,325.80. Following the sale, the insider now owns 27,909 shares in the company, valued at approximately $860,992.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles Scott Woods sold 1,000 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $32.00, for a total value of $32,000.00. Following the sale, the insider now owns 13,344 shares in the company, valued at approximately $427,008. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Trustmark Corporation by 18,306.5% in the first quarter. BlackRock Inc. now owns 9,862,184 shares of the financial services provider’s stock valued at $313,520,000 after buying an additional 9,808,604 shares during the period. State Street Corp increased its position in shares of Trustmark Corporation by 12.7% in the first quarter. State Street Corp now owns 3,447,765 shares of the financial services provider’s stock valued at $109,605,000 after buying an additional 388,060 shares during the period. Vanguard Group Inc. increased its position in shares of Trustmark Corporation by 5.5% in the first quarter. Vanguard Group Inc. now owns 5,509,048 shares of the financial services provider’s stock valued at $175,133,000 after buying an additional 286,219 shares during the period. Bank of New York Mellon Corp increased its position in shares of Trustmark Corporation by 31.5% in the first quarter. Bank of New York Mellon Corp now owns 1,190,151 shares of the financial services provider’s stock valued at $37,835,000 after buying an additional 285,369 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Trustmark Corporation by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,843,163 shares of the financial services provider’s stock valued at $153,965,000 after buying an additional 179,142 shares during the period. 62.32% of the stock is currently owned by institutional investors.

About Trustmark Corporation

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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