Trustmark Corp Gets a Hold Rating from Jefferies

By Austin Angelo

Jefferies analyst Ken Usdin reiterated a Hold rating on Trustmark Corp (NASDAQ: TRMK) today and set a price target of $35. The company’s shares opened today at $32.38.

According to, Usdin is a top 100 analyst with an average return of 19.0% and a 72.8% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Currently, the analyst consensus on Trustmark Corp is Hold and the average price target is $33.50, representing a 3.5% upside.

In a report issued on May 29, KBW also reiterated a Hold rating on the stock with a $32 price target.

Based on Trustmark Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $153 million and quarterly net profit of $31.25 million. In comparison, last year the company earned revenue of $141 million and had a net profit of $27 million.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. Last month, Donald Glynn Ingram, the Executive Officer of of TRMK sold 9,000 shares for a total of $299,790.

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Trustmark Corp. is a bank holding company, which engages in the provision of banking, wealth management and insurance solutions through its subsidiaries, including Trustmark National Bank, Trustmark Investment Advisors, Inc. and Fisher Brown Bottrell Insurance, Inc. It operates its business through the following segments: General Banking, Wealth Management, and Insurance Division. The General Banking Division segment offers traditional banking products and services, including commercial and consumer banking services, such as checking accounts, savings programs, overdraft facilities, commercial, installment and real estate loans, home equity loans and lines of credit and drive-in and night deposit services, and safe deposit facilities. The Wealth Management Division segment gives integrating financial services and traditional banking products and services, such as private banking, money management, full-service brokerage, financial planning, personal and institutional trust, and retirement services. The Insurance Division segment supply 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.