TrustmarkTRMK
Market Cap: $1.99B
About: Trustmark Corp is a s a bank holding company. Through its subsidiaries, the company operates as a financial services organization providing banking and other financial solutions in Alabama, Florida, Mississippi, Tennessee and Texas. Its principal products and services include, Commercial Banking, Consumer Banking, Mortgage Banking, Insurance, Wealth Management and Trust Services and others. The company is managed along three operating segments; General Banking, Wealth Management and Insurance. The General Banking segment which generates the majority of the revenue provides all traditional banking products and services, including loans, deposits and also consists of internal operations.
Employees: 2,757
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
54% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 24
8% more capital invested
Capital invested by funds: $1.2B [Q1] → $1.3B (+$92.5M) [Q2]
6% more funds holding
Funds holding: 209 [Q1] → 222 (+13) [Q2]
1% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 69
0.38% more ownership
Funds ownership: 70.2% [Q1] → 70.58% (+0.38%) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
DA Davidson Gary Tenner 61% 1-year accuracy 11 / 18 met price target | 17%upside $38 | Neutral Maintained | 25 Jul 2024 |
Truist Securities Brandon King 81% 1-year accuracy 44 / 54 met price target | 14%upside $37 | Hold Maintained | 25 Jul 2024 |
Truist Securities Brandon King 81% 1-year accuracy 44 / 54 met price target | 5%downside $31 | Hold Maintained | 8 Jul 2024 |