Do Institutional Investors Hate Trustmark Corp (NASDAQ:TRMK)?

May 17, 2018 - By Harriett Tippett

Trustmark Corporation (NASDAQ:TRMK) Logo

Sentiment for Trustmark Corp (NASDAQ:TRMK)

Trustmark Corp (NASDAQ:TRMK) institutional sentiment decreased to 1.14 in Q4 2017. Its down -0.27, from 1.41 in 2017Q3. The ratio is negative, as 81 institutional investors increased or opened new holdings, while 71 sold and decreased positions in Trustmark Corp. The institutional investors in our partner’s database reported: 42.06 million shares, down from 42.09 million shares in 2017Q3. Also, the number of institutional investors holding Trustmark Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 13 Reduced: 58 Increased: 49 New Position: 32.

Trustmark Corporation operates as the bank holding firm for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company has market cap of $2.21 billion. The firm offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit. It has a 20.99 P/E ratio. It also provides mortgage banking services, including construction financing, production of conventional and government insured mortgages, and secondary marketing and mortgage servicing; overdraft facilities; safe deposit boxes; and treasury management services.

The stock increased 0.49% or $0.16 during the last trading session, reaching $32.66. About 80,326 shares traded. Trustmark Corporation (NASDAQ:TRMK) has declined 0.26% since May 17, 2017 and is downtrending. It has underperformed by 11.81% the S&P500.

Analysts await Trustmark Corporation (NASDAQ:TRMK) to report earnings on July, 24. They expect $0.54 EPS, up 14.89 % or $0.07 from last year’s $0.47 per share. TRMK’s profit will be $36.61 million for 15.12 P/E if the $0.54 EPS becomes a reality. After $0.54 actual EPS reported by Trustmark Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Trustmark National Bank Trust Department holds 1.2% of its portfolio in Trustmark Corporation for 342,728 shares. Earnest Partners Llc owns 2.28 million shares or 0.69% of their US portfolio. Moreover, Piermont Capital Management Inc. has 0.65% invested in the company for 62,295 shares. The Mississippi-based Hancock Holding Co has invested 0.42% in the stock. Alpha Windward Llc, a Massachusetts-based fund reported 15,660 shares.

Trustmark Corporation (NASDAQ:TRMK) Ratings Coverage

Ratings analysis reveals 0 of Trustmark Corp’s analysts are positive. Out of 5 Wall Street analysts rating Trustmark Corp, 0 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $33.0 while the high is $38.0. The stock’s average target of $33.60 is 2.88% above today’s ($32.66) share price. TRMK was included in 8 notes of analysts from November 28, 2017. The rating was maintained by Jefferies with “Hold” on Monday, January 8. As per Thursday, January 25, the company rating was maintained by Stephens. SunTrust maintained it with “Hold” rating and $33.0 target in Monday, January 29 report. The stock of Trustmark Corporation (NASDAQ:TRMK) has “Hold” rating given on Tuesday, November 28 by SunTrust. The firm earned “Hold” rating on Monday, January 8 by SunTrust. Keefe Bruyette & Woods maintained it with “Hold” rating and $33.0 target in Wednesday, January 24 report. Hovde Group maintained Trustmark Corporation (NASDAQ:TRMK) rating on Monday, February 5. Hovde Group has “Hold” rating and $33.0 target. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods.

More recent Trustmark Corporation (NASDAQ:TRMK) news were published by: Seekingalpha.com which released: “Trustmark Corporation 2018 Q1 – Results – Earnings Call Slides” on April 25, 2018. Also Seekingalpha.com published the news titled: “Trustmark Bank: Not Ready After 129 Years” on April 18, 2018. Nasdaq.com‘s news article titled: “Consolidated Research: 2018 Summary Expectations for TrueCar, Roadrunner Transportation, Eldorado Gold, Neogen …” with publication date: May 17, 2018 was also an interesting one.

Trustmark Corporation (NASDAQ:TRMK) Institutional Positions Chart

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