Trustmark Corporation (NASDAQ: TRMK) is -5.55% lower on its value in year-to-date trading and has touched a low of $26.67 and a high of $35.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TRMK stock was last observed hovering at around $30.31 in the last trading session, with the day’s gains setting it 0.35% off its average median price target of $31.00 for the next 12 months. It is also 12.4% off the consensus price target high of $35.00 offered by 6 analysts, but current levels are -2.2% lower than the price target low of $30.00 for the same period.
Currently trading at $30.66, the stock is 2.69% and 5.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 1.15% at the moment leaves the stock -1.80% off its SMA200. TRMK registered 0.99% gain for a year compared to 6-month loss of -6.75%.
The stock witnessed a 5.69% gain in the last 1 month and extending the period to 3 months gives it a 4.43%, and is 3.27% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.31% over the week and 2.44% over the month.
Trustmark Corporation (TRMK) has around 2692 employees, a market worth around $1.90B and $436.80M in sales. Current P/E ratio is 15.41 and Fwd P/E is 12.99. Profit margin for the company is 28.50%. Distance from 52-week low is 14.96% and -13.14% from its 52-week high. The company has generated returns on investments over the last 12 months (21.50%).
Trustmark Corporation (TRMK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Trustmark Corporation (TRMK) is a “Hold”. 6 analysts offering their recommendations for the stock have an average rating of 3.00, where 6 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Trustmark Corporation is expected to release its quarterly report on 10/25/2022.The EPS is expected to shrink by -6.90% this year.
Trustmark Corporation (TRMK) Top Institutional Holders
The shares outstanding are 61.51M, and float is at 55.53M with Short Float at 2.85%.
Trustmark Corporation (TRMK) Insider Activity
A total of 42 insider transactions have happened at Trustmark Corporation (TRMK) in the last six months, with sales accounting for 16 and purchases happening 26 times. The most recent transaction is an insider sale by Eduardo Marcelo L,the company’sDirector. SEC filings show that Eduardo Marcelo L sold 605 shares of the company’s common stock on Dec 10 at a price of $31.69 per share for a total of $19172.0. Following the sale, the insider now owns 3628.0 shares.
Trustmark Corporation disclosed in a document filed with the SEC on Nov 22 that Conerly Tracy T (Director) sold a total of 1,451 shares of the company’s common stock. The trade occurred on Nov 22 and was made at $33.45 per share for $48536.0. Following the transaction, the insider now directly holds 12851.0 shares of the TRMK stock.
Trustmark Corporation (TRMK): Who are the competitors?
The company’s main competitors (and peers) include Renasant Corporation (RNST) that is trading -14.14% down over the past 12 months and Cadence Bank (CADE) that is 0.79% higher over the same period. Regions Financial Corporation (RF) is 11.47% up on the 1-year trading charts.