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

TRMK Stock Overview

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.

About the company

TRMK fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	0/6
Financial Health	6/6
Dividends	2/6

Rewards

Trading at 50.9% below our estimate of its fair value

Earnings are forecast to grow 149.71% per year

Risk Analysis

Dividend of 2.91% is either not well covered by earnings currently or not forecast to be covered

Large one-off items impacting financial results

Profit margins (2.6%) are lower than last year (13.9%)

Trustmark Corporation Competitors

Banner

NasdaqGS:BANR

US$1.9b

Triumph Financial

NasdaqGS:TFIN

US$1.9b

Renasant

NYSE:RNST

US$2.1b

Live Oak Bancshares

NYSE:LOB

US$1.8b

Price History & Performance

Summary of all time highs, changes and price drops for Trustmark
Historical stock prices
Current Share Price	US$31.57
52 Week High	US$35.72
52 Week Low	US$18.96
Beta	0.74
11 Month Change	-7.42%
3 Month Change	6.73%
1 Year Change	35.20%
33 Year Change	-5.11%
5 Year Change	-3.13%
Change since IPO	824.00%

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

Aug 22

Trustmark (NASDAQ:TRMK) Is Due To Pay A Dividend Of $0.23

Jul 27

Recent updates

Shareholder Returns

	TRMK	US Banks	US Market
7D	1.8%	2.3%	3.1%
1Y	35.2%	36.8%	24.9%

Return vs Industry: TRMK underperformed the US Banks industry which returned 37.7% over the past year.

Return vs Market: TRMK exceeded the US Market which returned 25.4% over the past year.

Price Volatility

Is TRMK's price volatile compared to industry and market?
TRMK volatility
TRMK Average Weekly Movement	4.1%
Banks Industry Average Movement	4.7%
Market Average Movement	6.3%
10% most volatile stocks in US Market	14.9%
10% least volatile stocks in US Market	3.2%

Stable Share Price: TRMK has not had significant price volatility in the past 3 months.

Volatility Over Time: TRMK's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1889	2,515	Duane Dewey	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$1.93b
Earnings (TTM)	US$14.21m
Revenue (TTM)	US$536.99m

136.0x

P/E Ratio

1.0x

P/B Ratio

Is TRMK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRMK income statement (TTM)
Revenue	US$536.99m
Cost of Revenue	US$0
Gross Profit	US$536.99m
Other Expenses	US$522.78m
Earnings	US$14.21m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.23
Gross Margin	100.00%
Net Profit Margin	2.65%
Debt/Equity Ratio	46.5%

How did TRMK perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

396%

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	Aug 30 2024
Dividend Pay Date	Sep 15 2024
Days until Ex dividend	8 days
Days until Dividend pay date	24 days

Does TRMK pay a reliable dividends?

See TRMK dividend history and benchmarks

TRMK Stock Overview

Rewards

Risk Analysis

Trustmark Corporation Competitors

NasdaqGS:BANR

US$1.9b

NasdaqGS:TFIN

US$1.9b

NYSE:RNST

US$2.1b

NYSE:LOB

US$1.8b

Price History & Performance

Recent News & Updates

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

Consensus revenue estimates fall by 10%

Trustmark (NASDAQ:TRMK) Is Due To Pay A Dividend Of $0.23

Second quarter dividend of US$0.23 announced

Price target increased by 9.0% to US$36.20

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Recent updates

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

Consensus revenue estimates fall by 10%

Trustmark (NASDAQ:TRMK) Is Due To Pay A Dividend Of $0.23

Second quarter dividend of US$0.23 announced

Price target increased by 9.0% to US$36.20

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Trustmark Corporation Declares Quarterly Cash Dividend, Payable September 15, 2024

Consensus EPS estimates fall by 11%

Trustmark Corporation to Report Q2, 2024 Results on Jul 23, 2024

Upcoming dividend of US$0.23 per share

Trustmark: A Low Yield At A Large Premium

Consensus EPS estimates increase by 80%, revenue downgraded

Price target increased by 9.4% to US$32.60

Consensus EPS estimates increase by 88%

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

First quarter dividend of US$0.23 announced

Investor sentiment improves as stock rises 16%

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Trustmark Corporation Declares a Quarterly Cash Dividend, Payable on June 15, 2024

Trustmark Corporation to Report Q1, 2024 Results on Apr 23, 2024

Price target increased by 7.2% to US$29.80

Trustmark Reportedly Puts Insurance Broking Unit Up for Sale

Trustmark Corporation, Annual General Meeting, Apr 23, 2024

Upcoming dividend of US$0.23 per share

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

Consensus EPS estimates increase by 11%

Fourth quarter dividend of US$0.23 announced

Trustmark Corporation Announced Net Charge Off Result for the Fourth Quarter of Fiscal Year 2023

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Trustmark Corporation Declares Quarterly Cash Dividend, Payable on March 15, 2024

Trustmark Corporation to Report Q4, 2023 Results on Jan 23, 2024

Price target increased by 15% to US$25.55

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

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