TRMK Stock Overview
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.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$35.25|
|52 Week High||US$36.31|
|52 Week Low||US$27.23|
|1 Month Change||9.37%|
|3 Month Change||7.01%|
|1 Year Change||15.38%|
|3 Year Change||16.03%|
|5 Year Change||6.18%|
|Change since IPO||931.71%|
Recent News & Updates
Trustmark (NASDAQ:TRMK) Will Pay A Dividend Of US$0.23
The board of Trustmark Corporation ( NASDAQ:TRMK ) has announced that it will pay a dividend on the 15th of December...
Here's Why I Think Trustmark (NASDAQ:TRMK) Is An Interesting Stock
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Trustmark (NASDAQ:TRMK) Has Re-Affirmed Its Dividend Of US$0.23
Trustmark Corporation ( NASDAQ:TRMK ) has announced that it will pay a dividend of US$0.23 per share on the 15th of...
|TRMK||US Banks||US Market|
Return vs Industry: TRMK underperformed the US Banks industry which returned 32.9% over the past year.
Return vs Market: TRMK exceeded the US Market which returned 13.7% over the past year.
|TRMK Average Weekly Movement||4.3%|
|Banks Industry Average Movement||3.7%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.9%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: TRMK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TRMK's weekly volatility (4%) has been stable over the past year.
About the Company
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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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. It also provides mortgage banking services, including construction financing, production of conventional and government insured mortgages, and secondary marketing and mortgage servicing; and treasury management services.
Trustmark Fundamentals Summary
|TRMK fundamental statistics|
Is TRMK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TRMK income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 25, 2022
|Earnings per share (EPS)||2.76|
|Net Profit Margin||24.41%|
How did TRMK perform over the long term?See historical performance and comparison
2.6%Current Dividend Yield
Is Trustmark undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TRMK ($35.25) is trading below our estimate of fair value ($39.77)
Significantly Below Fair Value: TRMK is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TRMK is poor value based on its PE Ratio (12.8x) compared to the US Banks industry average (11.3x).
PE vs Market: TRMK is good value based on its PE Ratio (12.8x) compared to the US market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: TRMK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TRMK's PB Ratio (1.2x) is in line with the US Banks industry average.
How is Trustmark forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRMK's earnings are forecast to decline over the next 3 years (-7.9% per year).
Earnings vs Market: TRMK's earnings are forecast to decline over the next 3 years (-7.9% per year).
High Growth Earnings: TRMK's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TRMK's revenue (0.02% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: TRMK's revenue (0.02% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRMK's Return on Equity is forecast to be low in 3 years time (7.3%).
How has Trustmark performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRMK has high quality earnings.
Growing Profit Margin: TRMK's current net profit margins (24.4%) are higher than last year (22.9%).
Past Earnings Growth Analysis
Earnings Trend: TRMK's earnings have grown by 11% per year over the past 5 years.
Accelerating Growth: TRMK's earnings growth over the past year (20.7%) exceeds its 5-year average (11% per year).
Earnings vs Industry: TRMK earnings growth over the past year (20.7%) underperformed the Banks industry 43.7%.
Return on Equity
High ROE: TRMK's Return on Equity (9.7%) is considered low.
How is Trustmark's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: TRMK's Assets to Equity ratio (9.8x) is low.
Allowance for Bad Loans: TRMK has a sufficient allowance for bad loans (157%).
Low Risk Liabilities: 96% of TRMK's liabilities are made up of primarily low risk sources of funding.
Loan Level: TRMK has an appropriate level of Loans to Assets ratio (58%).
Low Risk Deposits: TRMK's Loans to Deposits ratio (68%) is appropriate.
Level of Bad Loans: TRMK has an appropriate level of bad loans (0.6%).
What is Trustmark current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRMK's dividend (2.61%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: TRMK's dividend (2.61%) is low compared to the top 25% of dividend payers in the US market (3.44%).
Stability and Growth of Payments
Stable Dividend: TRMK's dividends per share have been stable in the past 10 years.
Growing Dividend: TRMK's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.7%), TRMK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRMK's dividends in 3 years are forecast to be well covered by earnings (42.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Duane Dewey (62 yo)
Mr. Duane Arthur Dewey, CFP, has been President and Chief Executive Officer of Trustmark Corporation since January 1, 2021. Mr. Dewey has served as President at Trustmark National Bank since January 1, 202...
CEO Compensation Analysis
Compensation vs Market: Duane's total compensation ($USD1.65M) is below average for companies of similar size in the US market ($USD3.62M).
Compensation vs Earnings: Duane's compensation has increased by more than 20% in the past year.
Experienced Management: TRMK's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Experienced Board: TRMK's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TRMK insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Trustmark Corporation's employee growth, exchange listings and data sources
- Name: Trustmark Corporation
- Ticker: TRMK
- Exchange: NasdaqGS
- Founded: 1889
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$2.201b
- Shares outstanding: 62.45m
- Website: https://www.trustmark.com
Number of Employees
- Trustmark Corporation
- 248 East Capitol Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/16 23:26|
|End of Day Share Price||2022/01/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.