D.A. Davidson analyst Kevin Fitzsimmons maintained a Hold rating on Trustmark (TRMK – Research Report) today. The company’s shares closed last Friday at $19.47.
Fitzsimmons covers the Financial sector, focusing on stocks such as Ameris Bancorp, Capital City Bank, and First Bancorp. According to TipRanks, Fitzsimmons has an average return of -0.1% and a 36.36% success rate on recommended stocks.
Currently, the analyst consensus on Trustmark is a Hold with an average price target of $23.33, a 19.83% upside from current levels. In a report released on October 27, Truist Financial also maintained a Hold rating on the stock with a $21.00 price target.
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Based on Trustmark’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $193.46 million and a net profit of $45.04 million. In comparison, last year the company earned a revenue of $165.93 million and had a net profit of $34.28 million
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Trustmark (TRMK) Company Description:
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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