Piper Sandler (NYSE:PIPR) analyst Brad Milsaps maintained a Hold rating on Trustmark (NASDAQ:TRMK) Corp. on Wednesday, setting a price target of $25, which is approximately 17.32% above the present share price of $21.31.
Milsaps expects Trustmark Corp . to post earnings per share (EPS) of $0.51 for the third quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Sell rating of shares in Trustmark, with an average price target of $26.
The analysts price targets range from a high of $26 to a low of $26.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $150.99 million and a net profit of $0. The company's market cap is $1.35 billion.
According to TipRanks.com, Piper Sandler analyst Brad Milsaps is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.2% and a 37.06% success rate.
Trustmark Corp. is a bank holding company. The firm engages in the provision of banking, wealth management and insurance solutions. It operates through the following segments: General Banking, Wealth Management and Insurance. The General Banking segment offers traditional banking products & services, including commercial and consumer banking services, such as checking accounts, savings programs, overdraft facilities, commercial, installment & real estate loans, home equity loans, lines of credit, drive-in & night deposit services and safe deposit facilities. The Wealth Management segment provides integrating financial services and traditional banking products & services, such as private banking, money management, full-service brokerage, financial planning, personal & institutional trust and retirement services. The Insurance segment supplies retail insurance products, including commercial risk management products, bonding, group benefits and personal lines coverage services. The company was founded in 1968 and is headquartered in Jackson, MS.