Trustmark Corp (NASDAQ:TRMK) has been downgraded to Hold in a report by Zacks Investment Research earlier today.
- Updated: October 1, 2016
Yesterday Trustmark Corp (NASDAQ:TRMK) traded 1.40% higher at $27.39. The company’s 50-day moving average is $27.74 and its 200-day moving average is $25.24. The last closing price is up 9.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 303,559 shares of the stock traded hands, down from an average trading volume of 399,530
Zacks Investment Research has downgraded Trustmark Corp (NASDAQ:TRMK) to Hold in a statement released on 9/29/2016.
Previously on 9/28/2016, Zacks Investment Research reported on Trustmark Corp (NASDAQ:TRMK) increased the target price from $0.00 to $31.00. At the time, this indicated a possible upside of 0.13%.
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Trustmark Corp has a price-earnings ratio of 17.78 with a one year low of $19.75 and a one year high of $28.71 The company’s market cap is currently $0.
About Trustmark Corp (NASDAQ:TRMK)
Trustmark Corporation (Trustmark) is a bank holding company. Trustmark's principal subsidiary is Trustmark National Bank (TNB). Through TNB and other subsidiaries, Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama, Florida, Mississippi, Tennessee and Texas. The Company operates through three segments: General Banking, Insurance and Wealth Management. TNB provides a range of commercial banking services to corporations and other business customers. TNB also provides deposit services, including checking, savings and money market accounts and certificates of deposit, as well as treasury management services. In addition, TNB provides customers with installment and real estate loans and lines of credit. TNB provides mortgage-banking services, including construction financing, production of conventional and government insured mortgages, secondary marketing and mortgage servicing.
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