TRMK Stock Summary and Trading Ideas (Trustmark | NASDAQ:TRMK)

Trustmark Corp is a s a bank holding company. Through its subsidiaries, the company operates as a financial services organization providing banking and other financial solutions in Alabama, Florida, Mississippi, Tennessee and Texas. Its principal products and services include, Commercial Banking, Consumer Banking, Mortgage Banking, Insurance, Wealth Management and Trust Services and others. The company is managed along three operating segments; General Banking, Wealth Management and Insurance. The General Banking segment which generates the majority of the revenue provides all traditional banking products and services, including loans, deposits and also consists of internal operations.

Trustmark trades on the NASDAQ stock market under the symbol TRMK.

As of April 16, 2024, TRMK stock price declined to $25.84 with 43,648 million shares trading.

TRMK has a beta of 1.47, meaning it tends to be more sensitive to market movements. TRMK has a correlation of 0.28 to the broad based SPY ETF.

TRMK has a market cap of $1.58 billion. This is considered a Small Cap stock.

Last quarter Trustmark reported $190 million in Revenue and $.61 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.04.

In the last 3 years, TRMK stock traded as high as $38.47 and as low as $18.96.

The top ETF exchange traded funds that TRMK belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

TRMK has underperformed the market in the last year with a price return of +14.3% while the SPY ETF gained +23.8%. TRMK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.4% and -6.1%, respectively, while the SPY returned +6.0% and -3.5%, respectively.

TRMK support price is $25.58 and resistance is $26.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TRMK stock will trade within this expected range on the day.