In a report released today, Matt Olney from Stephens maintained a Hold rating on Trustmark Corp (TRMK), with a price target of $36. The company’s shares closed yesterday at $35.03, close to its 52-week high of $36.32.
Olney noted:
“We’re also encouraged that credit trends remain excellent. Our updated price target of $36 (was $32) is based on a 15x multiple on our 2020 EPS forecast of $2.37. We maintain our Equal-Weight rating due to valuation.”
According to TipRanks.com, Olney is a 2-star analyst with an average return of 0.6% and a 46.1% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.
Currently, the analyst consensus on Trustmark Corp is a Moderate Sell with an average price target of $31.
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The company has a one-year high of $36.32 and a one-year low of $26.84. Currently, Trustmark Corp has an average volume of 466.1K.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock.
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Trustmark Corp. is a bank holding company, which engages in the provision of banking, wealth management and insurance solutions through its subsidiaries, including Trustmark National Bank, Trustmark Investment Advisors, Inc. and Fisher Brown Bottrell Insurance, Inc.
