In a report released today, Stephen Scouten from Piper Sandler assigned a Hold rating to Trustmark (TRMK – Research Report), with a price target of $27.00. The company’s shares closed last Friday at $21.76.
Scouten covers the Financial sector, focusing on stocks such as Bank OZK, BankUnited, and Truist Financial. According to TipRanks, Scouten has an average return of 2.6% and a 47.00% success rate on recommended stocks.
Currently, the analyst consensus on Trustmark is a Hold with an average price target of $27.33.
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TRMK market cap is currently $1.33B and has a P/E ratio of 14.38.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRMK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Trustmark Corp. is a bank holding company. The firm engages in the provision of banking, wealth management and insurance solutions. It operates through the following segments: General Banking, Wealth Management and Insurance. The General Banking segment offers traditional banking products & services, including commercial and consumer banking services, such as checking accounts, savings programs, overdraft facilities, commercial, installment & real estate loans, home equity loans, lines of credit, drive-in & night deposit services and safe deposit facilities. The Wealth Management segment provides integrating financial services and traditional banking products & services, such as private banking, money management, full-service brokerage, financial planning, personal & institutional trust and retirement services. The Insurance segment supplies retail insurance products, including commercial risk management products, bonding, group benefits and personal lines coverage services. The company was founded in 1968 and is headquartered in Jackson, MS.
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