Trustmark Corporation (TRMK) Receives Analyst Rating

Trustmark Corporation (TRMK) has an average broker rating of 3, which is interpreted as a Hold, as rated by 5 equity analysts. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Trustmark Corporation (TRMK) : The highest level Trustmark Corporation (TRMK) is projected to reach is $29 for the short term and the lowest estimate is at $24. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $26.33 and the possibility the share price can swing is $2.52.


Also, Equity Analysts at the Brokerage Firm, SunTrust Robinson Humphrey, maintains their rating on the shares of Trustmark Corporation (NASDAQ:TRMK). SunTrust Robinson Humphrey has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $29 per share from a prior target of $26. The rating by the firm was issued on August 1, 2016.

Trustmark Corporation (NASDAQ:TRMK): After opening at $27.49, the stock dipped to an intraday low of $27.42 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $27.68 and the buying power remained strong till the end. The stock closed at $27.58 for the day, a gain of 0.51% for the day session. The total traded volume was 653,412. The stocks close on the previous trading day was $27.44.

Trustmark Corporation (Trustmark) is a bank holding company. Trustmarks 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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