Truist Securities analyst Brandon King maintains Trustmark (NASDAQ:TRMK) with a Hold and lowers the price target from $32 to $31.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/29/2024 | $34.00 → $37.00 | Market Perform | Hovde Group |
| 4/25/2024 | $30.00 → $36.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 4/6/2023 | Outperform → Mkt Perform | Raymond James | |
| 2/21/2023 | $34.00 | Mkt Perform → Outperform | Raymond James |
| 1/9/2023 | $38.00 | Neutral | DA Davidson |
Truist Securities analyst Brandon King maintains Trustmark (NASDAQ:TRMK) with a Hold and raises the price target from $31 to $37.
Trustmark (NASDAQ:TRMK) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.62 by 6.45 percent. This is a 1.49 percent decrease over earnings of $0.67 per share from the same period last year.
In the latest quarter, 4 analysts provided ratings for Trustmark (NASDAQ:TRMK), showcasing a mix of bullish and bearish perspectives. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 2 0 0 Analysts have set 12-month price targets for Trustmark, revealing an average target of $33.25, a high estimate of $36.00, and a low estimate of $31.00. Marking an increase of 9.02%, the current average surpasses the previous
SC 13G/A - TRUSTMARK CORP (0000036146) (Subject)
SC 13G/A - TRUSTMARK CORP (0000036146) (Subject)
SC 13G/A - TRUSTMARK CORP (0000036146) (Subject)
4 - TRUSTMARK CORP (0000036146) (Issuer)
4 - TRUSTMARK CORP (0000036146) (Issuer)
4 - TRUSTMARK CORP (0000036146) (Issuer)
Performance Reflects Increased Earnings, Enhanced Profitability, and Strengthened Capital Flexibility Trustmark Corporation (NASDAQ:TRMK) reported net income of $51.3 million in the third quarter of 2024, representing diluted earnings per share of $0.84. In the second quarter of 2024, Trustmark reported net income of $73.8 million, representing diluted earnings per share of $1.20 and net income from adjusted continuing operations(1) of $40.5 million, or $0.66 per diluted share. Net income from adjusted continuing operations(1) increased $10.8 million, or 26.7%, linked-quarter. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2024102
Trustmark Corporation (NASDAQ:TRMK) will announce its third quarter 2024 financial results in a news release on Tuesday, October 22, 2024, after close of the market. Duane A. Dewey, President and Chief Executive Officer, will conduct a conference call with analysts on Wednesday, October 23, 2024, at 8:30 a.m. Central Time to discuss the Corporation's financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, November 6, 2024, in archived format at the same web address or
Completed Significant Actions to Increase Earnings, Enhance Profitability Profile, Reduce Risk, and Strengthen Capital Flexibility Trustmark Corporation (NASDAQ:TRMK) announced second quarter financial results which reflect the previously disclosed sale of Fisher Brown Bottrell Insurance, Inc. (FBBI). As such, second quarter financial results consist of both continuing operations and discontinued operations. The discontinued operations include the financial results of FBBI prior to the sale as well as the gain on sale in the second quarter. The discontinued operations results are presented as a single line item below income from continuing operations in the accompanying tables for all per
Hovde Group reiterated coverage of Trustmark with a rating of Market Perform and set a new price target of $37.00 from $34.00 previously
Keefe Bruyette upgraded Trustmark from Mkt Perform to Outperform and set a new price target of $36.00 from $30.00 previously
Raymond James downgraded Trustmark from Outperform to Mkt Perform
10-Q - TRUSTMARK CORP (0000036146) (Filer)
8-K - TRUSTMARK CORP (0000036146) (Filer)
8-K - TRUSTMARK CORP (0000036146) (Filer)
Trustmark National Bank today announced that it has entered into a definitive agreement to sell its wholly owned subsidiary, Fisher Brown Bottrell Insurance, Inc., ("FBBINSURANCE") to Marsh & McLennan Agency LLC for $345 million in cash. Trustmark National Bank is a wholly owned subsidiary of Trustmark Corporation (NASDAQ:TRMK). Transaction Highlights The sale of FBBINSURANCE, among the five largest bank-affiliated insurance brokerages in the nation and one of the largest agencies in the Southeast, is expected to allow Trustmark to capitalize on the strong valuation premiums in the insurance brokerage sector. The $345 million transaction value represents approximately 5.9 times FBBINSU
Performance Reflects Increased Earnings, Enhanced Profitability, and Strengthened Capital Flexibility Trustmark Corporation (NASDAQ:TRMK) reported net income of $51.3 million in the third quarter of 2024, representing diluted earnings per share of $0.84. In the second quarter of 2024, Trustmark reported net income of $73.8 million, representing diluted earnings per share of $1.20 and net income from adjusted continuing operations(1) of $40.5 million, or $0.66 per diluted share. Net income from adjusted continuing operations(1) increased $10.8 million, or 26.7%, linked-quarter. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2024102
Trustmark Corporation (NASDAQ:TRMK) will announce its third quarter 2024 financial results in a news release on Tuesday, October 22, 2024, after close of the market. Duane A. Dewey, President and Chief Executive Officer, will conduct a conference call with analysts on Wednesday, October 23, 2024, at 8:30 a.m. Central Time to discuss the Corporation's financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, November 6, 2024, in archived format at the same web address or
Completed Significant Actions to Increase Earnings, Enhance Profitability Profile, Reduce Risk, and Strengthen Capital Flexibility Trustmark Corporation (NASDAQ:TRMK) announced second quarter financial results which reflect the previously disclosed sale of Fisher Brown Bottrell Insurance, Inc. (FBBI). As such, second quarter financial results consist of both continuing operations and discontinued operations. The discontinued operations include the financial results of FBBI prior to the sale as well as the gain on sale in the second quarter. The discontinued operations results are presented as a single line item below income from continuing operations in the accompanying tables for all per