Trustmark (NASDAQ:TRMK) Downgraded by Zacks Investment Research to Hold

Trustmark stock has undergone multiple analysts rating changes in the recent past.  Trustmark Downgraded by Zacks Investment Research on 10/30/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Trustmark traded up $0.04 on Friday, reaching $31.81. 247304 shares of the stock traded hands, compared to its average volume of 268896. Shares of Trustmark were trading at $31.81 on Friday. The firm’s 50 day moving average is $31.92 and its 200 day moving average is $31.89.Trustmark has a 12 month low of $31.65 and a 12 month high of $36.31. While on yearly highs and lows, Trustmark’s today has traded high as $32.15 and has touched $31.65 on the downward trend. See More Analyst Rating at: RATING

Trustmark Earnings and What to expect: 

Trustmark last released its earnings data on October 25th, 2021. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm earned $155.30 million during the quarter, compared to analysts’ expectations of $155.20 million. Its revenue for the quarter was down 15.1% compared to the same quarter last year. Trustmark has generated $2.56 earnings per share over the last year ($3.25 diluted earnings per share) and currently has a price-to-earnings ratio of 9.8. Earnings for Trustmark are expected to decrease by -18.50% in the coming year, from $2.54 to $2.07 per share. Trustmark has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, January 25th, 2022 based off prior year’s report dates.

Earnings for Trustmark are expected to decrease by -18.50% in the coming year, from $2.54 to $2.07 per share. The P/E ratio of Trustmark is 9.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.98. The P/E ratio of Trustmark is 9.79, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.40. Trustmark has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Trustmark (NASDAQ:TRMK) Moving Average Technical Analysis

5 day Moving Average is $32.41 And 5 day price change is -$2.04 (-6.03%)  with average volume for 5 day average is 224,880. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $33.01 and 20 day price change is -$0.91 (-2.78%) and average 20 day moving volume is 206,635. 50 day moving average is $31.92  and 50 day price change is $2.03 ( 6.82%)  and with average volume for 50 days is : 586,924. 200 day moving average is $31.89  and 200 day price change is $1.01 (3.28%)  and with average volume for 200 days is : 304,960.

Other owners latest trading in Trustmark :

  • On 10/29/2021 shares held by Maryland State Retirement & Pension System were 24,574 which equates to market value of $0.81M and appx 0.00% owners of Trustmark
  • On 10/29/2021 shares held by Amalgamated Bank were 29,958 which equates to market value of $0.97M and appx 0.00% owners of Trustmark
  • On 10/29/2021 shares held by Commonwealth Equity Services LLC were 7,964 which equates to market value of $0.26M and appx 0.00% owners of Trustmark
  • In total Institutional ownership equates to Institutional Ownership Percentage: 61.16% for Trustmark

See More Analyst Rating at: RATING