Media coverage about Trustmark Corporation (NASDAQ:TRMK) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Trustmark Corporation earned a news impact score of 0.12 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.5701199432624 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- Jefferies Group Comments on Trustmark Corporation’s FY2017 Earnings (TRMK) (americanbankingnews.com)
- Trustmark Corporation (TRMK) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Jefferies Group Equities Analysts Boost Earnings Estimates for Trustmark Corporation (TRMK) (americanbankingnews.com)
- Trustmark Corporation (TRMK) and Its Competitors Critical Contrast (americanbankingnews.com)
- Analyzing Select Bancorp (SLCT) & Trustmark Corporation (TRMK) (americanbankingnews.com)
Trustmark Corporation (NASDAQ:TRMK) opened at 33.84 on Wednesday. The stock has a market cap of $2.29 billion, a PE ratio of 19.93 and a beta of 1.17. Trustmark Corporation has a 52 week low of $26.81 and a 52 week high of $36.79. The firm’s 50-day moving average price is $31.00 and its 200-day moving average price is $31.66.
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, topping analysts’ consensus estimates of $0.44 by $0.03. The company had revenue of $157.10 million during the quarter, compared to analyst estimates of $152.57 million. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. During the same quarter in the prior year, the business earned $0.40 earnings per share. Equities analysts predict that Trustmark Corporation will post $1.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. Trustmark Corporation’s dividend payout ratio is presently 54.12%.
A number of research analysts have issued reports on TRMK shares. Zacks Investment Research cut Trustmark Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. ValuEngine upgraded Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Hovde Group cut Trustmark Corporation from an “outperform” rating to a “market perform” rating and set a $34.00 price objective for the company. in a research note on Friday, June 23rd. Finally, BidaskClub cut Trustmark Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $33.60.
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In related news, insider Charles Scott Woods sold 1,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $32.00, for a total value of $32,000.00. Following the completion of the transaction, the insider now owns 13,344 shares in the company, valued at approximately $427,008. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company’s stock.
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.
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