Trustmark (Nasdaq:TRMK) - Stock Price, News & Analysis

TRMK Stock Overview

TRMK fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	0/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 47.8% below our estimate of its fair value

Earnings are forecast to grow 6.38% per year

Pays a reliable dividend of 4.06%

Risk Analysis

Large one-off items impacting financial results

Profit margins (13%) are lower than last year (20.4%)

Trustmark Corporation Competitors

Northwest Bancshares

NasdaqGS:NWBI

US$1.4b

Lakeland Financial

NasdaqGS:LKFN

US$1.4b

Renasant

NYSE:RNST

US$1.5b

FB Financial

NYSE:FBK

US$1.6b

Price History & Performance

Summary of all time highs, changes and price drops for Trustmark
Historical stock prices
Current Share Price	US$22.68
52 Week High	US$36.76
52 Week Low	US$18.96
Beta	0.81
1 Month Change	16.49%
3 Month Change	-2.37%
1 Year Change	-37.61%
3 Year Change	-8.62%
5 Year Change	-29.81%
Change since IPO	563.80%

Trustmark (NASDAQ:TRMK) Has Announced A Dividend Of $0.23

Oct 28

Recent updates

Trustmark (NASDAQ:TRMK) Has Compensated Shareholders With A Respectable 72% Return On Their Investment

Jan 20

Read This Before Selling Trustmark Corporation (NASDAQ:TRMK) Shares

Dec 22

Shareholder Returns

	TRMK	US Banks	US Market
7D	0.7%	-1.0%	0.1%
1Y	-37.6%	-10.3%	13.5%

Return vs Industry: TRMK underperformed the US Banks industry which returned -10.1% over the past year.

Return vs Market: TRMK underperformed the US Market which returned 13.7% over the past year.

Price Volatility

Is TRMK's price volatile compared to industry and market?
TRMK volatility
TRMK Average Weekly Movement	4.9%
Banks Industry Average Movement	4.5%
Market Average Movement	6.0%
10% most volatile stocks in US Market	15.4%
10% least volatile stocks in US Market	2.9%

Stable Share Price: TRMK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TRMK's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1889	2,756	Duane Dewey	https://www.trustmark.com

Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; financing for commercial and industrial projects, income-producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit, as well as treasury management services.

Trustmark Corporation Fundamentals Summary

How do Trustmark's earnings and revenue compare to its market cap?
TRMK fundamental statistics
Market Cap	US$1.40b
Earnings (TTM)	US$95.30m
Revenue (TTM)	US$735.04m

14.5x

P/E Ratio

0.9x

P/B Ratio

Is TRMK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRMK income statement (TTM)
Revenue	US$735.04m
Cost of Revenue	US$0
Gross Profit	US$735.04m
Other Expenses	US$639.74m
Earnings	US$95.30m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	1.56
Gross Margin	100.00%
Net Profit Margin	12.97%
Debt/Equity Ratio	86.1%

How did TRMK perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

59%

Payout Ratio

Does TRMK pay a reliable dividends?

See TRMK dividend history and benchmarks

When do you need to buy TRMK by to receive an upcoming dividend?
Trustmark dividend dates
Ex Dividend Date	Nov 30 2023
Dividend Pay Date	Dec 15 2023
Days until Ex dividend	2 days
Days until Dividend pay date	17 days

Does TRMK pay a reliable dividends?

See TRMK dividend history and benchmarks

TRMK Stock Overview

Rewards

Risk Analysis

Trustmark Corporation Competitors

NasdaqGS:NWBI

US$1.4b

NasdaqGS:LKFN

US$1.4b

NYSE:RNST

US$1.5b

NYSE:FBK

US$1.6b

Price History & Performance

Recent News & Updates

Upcoming dividend of US$0.23 per share at 4.0% yield

Trustmark (NASDAQ:TRMK) Has Announced A Dividend Of $0.23

Price target decreased by 7.1% to US$23.55

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Trustmark Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2023

Trustmark Corporation to Report Q3, 2023 Results on Oct 24, 2023

Recent updates

Upcoming dividend of US$0.23 per share at 4.0% yield

Trustmark (NASDAQ:TRMK) Has Announced A Dividend Of $0.23

Price target decreased by 7.1% to US$23.55

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Trustmark Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2023

Trustmark Corporation to Report Q3, 2023 Results on Oct 24, 2023

Upcoming dividend of US$0.23 per share at 3.9% yield

Trustmark's (NASDAQ:TRMK) Dividend Will Be $0.23

Consensus EPS estimates increase by 17%

Trustmark (NASDAQ:TRMK) Will Pay A Dividend Of $0.23

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Trustmark Corporation Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Now 21% undervalued after recent price drop

Price target decreased by 7.0% to US$25.20

Trustmark Corporation to Report Q2, 2023 Results on Jul 25, 2023

Upcoming dividend of US$0.23 per share at 4.2% yield

Independent Lead Director recently bought US$83k worth of stock

Insufficient new directors

Trustmark (NASDAQ:TRMK) Is Paying Out A Dividend Of $0.23

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued after recent price drop

Price target decreased by 8.5% to US$28.83

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.23 per share at 3.1% yield

Consensus EPS estimates fall by 20%

Full year 2022 earnings: EPS misses analyst expectations

Trustmark Corporation Declares Quarterly Cash Dividend, Payable March 15, 2023

Consensus forecasts updated

Trustmark Corporation to Report Q4, 2022 Results on Jan 24, 2023

Trustmark Corporation (NasdaqGS:TRMK) announces an Equity Buyback for $50 million worth of its shares.

Upcoming dividend of US$0.23 per share

Trustmark (NASDAQ:TRMK) Will Pay A Dividend Of $0.23

Price target increased to US$37.00

Trustmark (NASDAQ:TRMK) Has Affirmed Its Dividend Of $0.23

Price target increased to US$36.25

Trustmark Corporation Announces Income Guidance for 2022

Price target increased to US$35.25

Trustmark Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2022

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Trustmark Corporation to Report Q3, 2022 Results on Oct 25, 2022

Trustmark goes ex-dividend tomorrow

Upcoming dividend of US$0.23 per share

Consensus EPS estimates increase by 11%

Trustmark (NASDAQ:TRMK) Has Announced A Dividend Of $0.23

Trustmark Corporation Declares Quarterly Cash Dividend, Payable on September 15, 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Trustmark Corporation to Report Q2, 2022 Results on Jul 26, 2022

Upcoming dividend of US$0.23 per share

Price target decreased to US$31.75

Trustmark's (NASDAQ:TRMK) Dividend Will Be US$0.23

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Trustmark Corporation Declares Quarterly Cash Dividend, Payable on June 15, 2022

Trustmark Corporation to Report Q1, 2022 Results on Apr 26, 2022

Upcoming dividend of US$0.23 per share

Now 21% undervalued after recent price drop

Trustmark (NASDAQ:TRMK) Will Pay A Dividend Of US$0.23

Full year 2021 earnings: EPS misses analyst expectations

Trustmark Corporation (NasdaqGS:TRMK) announces an Equity Buyback for $100 million worth of its shares.

Upcoming dividend of US$0.23 per share