Trustmark Corp (NASDAQ: TRMK) is 29.89% higher on its value in year-to-date trading and has touched a low of $28.76 and a high of $40.73 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRMK stock was last observed hovering at around $38.16 in the last trading session, with the day’s gains setting it 0.43%.
Currently trading at $38.59, the stock is 9.02% and 10.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 1.13% at the moment leaves the stock 9.59% off its SMA200. TRMK registered 9.10% gain for a year compared to 6-month loss of 8.22%. The firm has a 50-day simple moving average (SMA 50) of $35.038 and a 200-day simple moving average (SMA200) of $35.21455.
The stock witnessed a 11.11% gain in the last 1 month and extending the period to 3 months gives it a 11.56%, and is 5.93% 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 3.65% over the week and 2.31% over the month.
Trustmark Corp (TRMK) has around 2500 employees, a market worth around $2.33B and $932.91M in sales. Current P/E ratio is 357.98 and Fwd P/E is 10.72. Profit margin for the company is 25.20%. Distance from 52-week low is 34.18% and -5.25% from its 52-week high. The company has generated returns on investments over the last 12 months (8.89%).
with sales reaching $200.35M over the same period.The EPS is expected to grow by 14.36% this year, but quarterly earnings will post 6.51% year-over-year. Quarterly sales are estimated to grow 11.75% in year-over-year returns.
339.0 institutions hold shares in Trustmark Corp (TRMK), with institutional investors hold 81.02% of the company’s shares. The shares outstanding are 60.72M, and float is at 55.71M with Short Float at 3.33%. Institutions hold 74.88% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.82 million shares valued at $264.87 million. The investor’s holdings represent 14.4078 of the TRMK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.66 million shares valued at $200.09 million to account for 10.884 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 4.05 million shares representing 6.6193 and valued at over $121.68 million, while EARNEST PARTNERS LLC holds 5.6245 of the shares totaling 3.44 million with a market value of $103.4 million.
Trustmark Corp (TRMK) Insider Activity
The most recent transaction is an insider sale by HOST GERARD R, the company’s Director. SEC filings show that HOST GERARD R sold 33,000 shares of the company’s common stock on Nov 15 ’24 at a price of $38.18 per share for a total of $1.26 million. Following the sale, the insider now owns 0.0 shares.
Trustmark Corp disclosed in a document filed with the SEC on Nov 14 ’24 that HOST GERARD R (Director) sold a total of 7,000 shares of the company’s common stock. The trade occurred on Nov 14 ’24 and was made at $38.59 per share for $0.27 million. Following the transaction, the insider now directly holds 16500.0 shares of the TRMK stock.
Still, SEC filings show that on Nov 12 ’24, HOST GERARD R (Director) disposed off 26,416 shares at an average price of $39.73 for $1.05 million. The insider now directly holds 26,792 shares of Trustmark Corp (TRMK).
