Jefferies Maintains Trustmark Corp to Hold with Price Target $26.00

Brokerage firm Jefferies Maintains its rating on Trustmark Corp(NASDAQ:TRMK). In a research note issued to the investors, the brokerage major Raises the price-target to $26.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Jul 28, 2016.

In a different note, On Jul 28, 2016, Keefe Bruyette & Woods said it Upgrades its rating on Trustmark Corp. The shares have been rated ‘Market Perform’ by the firm. On Jun 9, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Trustmark Corp. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Neutral’ by the firm.

Trustmark Corp (TRMK) made into the market gainers list on Thursdays trading session with the shares advancing 0.12% or 0.03 points. Due to strong positive momentum, the stock ended at $26.05, which is also near the day’s high of $26.14. The stock began the session at $26.01 and the volume stood at 2,31,941 shares. The 52-week high of the shares is $26.62 and the 52 week low is $19.75. The company has a current market capitalization of $1,761 M and it has 6,76,16,209 shares in outstanding.

Trustmark Corp(TRMK) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $145.14M. Analysts had an estimated revenue of $145.33M. Earnings per share were $0.40. Analysts had estimated an EPS of $0.36.

Several Insider Transactions has been reported to the SEC. On Feb 2, 2016, Donald Glynn Ingram (Executive Officer of) purchased 836 shares at $21.30 per share price.Also, On Nov 2, 2015, T Harris Iii Collier (Sec. of) sold 15,038 shares at $24.67 per share price.On Jan 30, 2015, Gerard R Host (President) purchased 10,000 shares at $21.29 per share price, according to the Form-4 filing with the securities and exchange commission.

Trustmark Corporation (Trustmark) is a bank holding company. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and other subsidiaries Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama Florida Mississippi Tennessee and Texas. The Company operates through three segments: General Banking Insurance and Wealth Management. TNB provides a range of commercial banking services to corporations and other business customers. TNB also provides deposit services including checking savings and money market accounts and certificates of deposit as well as treasury management services. In addition TNB provides customers with installment and real estate loans and lines of credit. TNB provides mortgage banking services including construction financing production of conventional and government insured mortgages secondary marketing and mortgage servicing.

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