Trustmark (NASDAQ:TRMK) Reaches New 1-Year High – Should You Buy?

11 Apr 2026, 14:24 by Danessa Lincoln · The Markets Daily

Trustmark Corporation (NASDAQ:TRMK – Get Free Report)’s stock price reached a new 52-week high on Thursday . The company traded as high as $45.52 and last traded at $45.5160, with a volume of 329498 shares. The stock had previously closed at $44.51.

Wall Street Analysts Forecast Growth

TRMK has been the subject of a number of research reports. Wall Street Zen lowered shares of Trustmark from a “hold” rating to a “sell” rating in a research note on Saturday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $45.00 price objective on shares of Trustmark in a research note on Thursday. Brean Capital initiated coverage on shares of Trustmark in a research note on Thursday, March 12th. They issued a “buy” rating for the company. DA Davidson upped their price objective on shares of Trustmark from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Finally, Hovde Group upped their price objective on shares of Trustmark from $42.00 to $44.50 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Trustmark has a consensus rating of “Hold” and a consensus price target of $44.50.

Read Our Latest Stock Analysis on TRMK

Trustmark Trading Down 1.0%

The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.11. The company’s 50-day simple moving average is $42.98 and its 200 day simple moving average is $40.68. The firm has a market capitalization of $2.64 billion, a PE ratio of 12.11 and a beta of 0.65.

Trustmark (NASDAQ:TRMK – Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. Trustmark had a net margin of 19.95% and a return on equity of 10.77%. The company had revenue of $209.44 million for the quarter, compared to analysts’ expectations of $207.05 million. During the same quarter last year, the company earned $0.92 earnings per share. As a group, sell-side analysts expect that Trustmark Corporation will post 3.42 EPS for the current year.

Trustmark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Sunday, March 1st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Trustmark’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 27th. Trustmark’s payout ratio is 26.95%.

Hedge Funds Weigh In On Trustmark

A number of hedge funds have recently modified their holdings of TRMK. Royal Bank of Canada grew its position in shares of Trustmark by 27.0% during the first quarter. Royal Bank of Canada now owns 22,127 shares of the financial services provider’s stock worth $764,000 after acquiring an additional 4,701 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Trustmark by 230.8% during the first quarter. AQR Capital Management LLC now owns 97,234 shares of the financial services provider’s stock worth $3,327,000 after acquiring an additional 67,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Trustmark by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,217 shares of the financial services provider’s stock worth $1,249,000 after acquiring an additional 1,592 shares during the last quarter. Millennium Management LLC grew its position in shares of Trustmark by 12.4% during the first quarter. Millennium Management LLC now owns 197,652 shares of the financial services provider’s stock worth $6,817,000 after acquiring an additional 21,866 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Trustmark by 17.2% during the first quarter. Goldman Sachs Group Inc. now owns 470,756 shares of the financial services provider’s stock worth $16,236,000 after acquiring an additional 69,110 shares during the last quarter. 67.64% of the stock is currently owned by hedge funds and other institutional investors.

About Trustmark

(Get Free Report)

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.