Trustmark (TRMK) Getting Somewhat Positive News Coverage, Accern Reports

Media coverage about Trustmark (NASDAQ:TRMK) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Trustmark earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.79309100728 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Trustmark (TRMK) traded up $0.81 during mid-day trading on Thursday, hitting $31.82. The stock had a trading volume of 231,700 shares, compared to its average volume of 298,063. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77. Trustmark has a 1-year low of $28.16 and a 1-year high of $35.09. The firm has a market capitalization of $2,100.81, a P/E ratio of 16.15 and a beta of 1.11.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Trustmark had a return on equity of 8.35% and a net margin of 16.15%. The company had revenue of $153.06 million for the quarter, compared to the consensus estimate of $152.80 million. During the same period last year, the firm earned $0.43 EPS. sell-side analysts forecast that Trustmark will post 2.15 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, February 28th. Trustmark’s payout ratio is currently 59.35%.

Several equities research analysts have weighed in on the company. BidaskClub raised Trustmark from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. SunTrust Banks dropped their target price on Trustmark to $33.00 and set an “average” rating for the company in a research report on Tuesday, January 30th. Zacks Investment Research upgraded Trustmark from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Saturday, January 13th. Stephens reiterated a “hold” rating and issued a $34.00 price target on shares of Trustmark in a report on Thursday, January 25th. Finally, Hovde Group set a $33.00 target price on Trustmark and gave the stock a “hold” rating in a report on Monday, February 5th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $34.50.

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Trustmark 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.

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