The stock of Trustmark Corp. (TRMK) has seen a 15.32% increase in the past week, with a 9.06% gain in the past month, and a 6.42% flourish in the past quarter. The volatility ratio for the week is 3.52%, and the volatility levels for the past 30 days are at 2.37% for TRMK. The simple moving average for the last 20 days is 9.47% for TRMK stock, with a simple moving average of 18.93% for the last 200 days.
Is It Worth Investing in Trustmark Corp. (NASDAQ: TRMK) Right Now?
Trustmark Corp. (NASDAQ: TRMK) has a price-to-earnings ratio of 11.48x that is above its average ratio. Additionally, the 36-month beta value for TRMK is 0.81. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for TRMK is 56.16M and currently, short sellers hold a 2.92% ratio of that float. The average trading volume of TRMK on April 25, 2024 was 272.20K shares.
TRMK) stock’s latest price update
The stock price of Trustmark Corp. (NASDAQ: TRMK) has surged by 6.57 when compared to previous closing price of 27.55, but the company has seen a 15.32% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-23 that The headline numbers for Trustmark (TRMK) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Analysts’ Opinion of TRMK
Raymond James, on the other hand, stated in their research note that they expect to see TRMK reach a price target of $34. The rating they have provided for TRMK stocks is “Outperform” according to the report published on February 21st, 2023.
DA Davidson gave a rating of “Neutral” to TRMK, setting the target price at $38 in the report published on January 09th of the previous year.
TRMK Trading at 9.93% from the 50-Day Moving Average
After a stumble in the market that brought TRMK to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.48% of gains for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 3.52%, as shares surge +7.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.88% upper at present.
During the last 5 trading sessions, TRMK rose by +15.32%, which changed the moving average for the period of 200-days by +37.13% in comparison to the 20-day moving average, which settled at $26.93. In addition, Trustmark Corp. saw 5.31% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TRMK starting from PUCKETT RICHARD H, who sale 3,033 shares at the price of $27.69 back on Dec 19 ’23. After this action, PUCKETT RICHARD H now owns 0 shares of Trustmark Corp., valued at $83,983 using the latest closing price.
Eduardo Marcelo L, the Director of Trustmark Corp., sale 1,060 shares at $21.20 during a trade that took place back on Nov 08 ’23, which means that Eduardo Marcelo L is holding 6,032 shares at $22,470 based on the most recent closing price.
Stock Fundamentals for TRMK
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 1.01 for the gross margin
The net margin for Trustmark Corp. stands at 0.2. The total capital return value is set at 0.01. Equity return is now at value 9.66, with 0.84 for asset returns.
Based on Trustmark Corp. (TRMK), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 0.74.
Currently, EBITDA for the company is 210.8 million with net debt to EBITDA at 0.3. When we switch over and look at the enterprise to sales, we see a ratio of 2.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.18.
Conclusion
In conclusion, Trustmark Corp. (TRMK) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
