Trustmark (TRMK) Stock Forecast, Price Target & Predictions
TRMK Stock Forecast
Trustmark stock forecast is as follows: an average price target of $37.50 (represents a 17.19% upside from TRMK’s last price of $32.00) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.
TRMK Price Target
The average price target for Trustmark (TRMK) is $37.50 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $38.00 to $37.00. This represents a potential 17.19% upside from TRMK's last price of $32.00.
TRMK Analyst Ratings
According to 4 Wall Street analysts, Trustmark's rating consensus is 'Hold'. The analyst rating breakdown for TRMK stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 3 'Hold' (75.00%), 1 'Sell' (25.00%), and 0 'Strong Sell' (0.00%).
Trustmark Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 25, 2024 | Gary Tenner | D.A. Davidson | $38.00 | $34.49 | 10.18% | 18.75% |
| Jul 25, 2024 | Brandon King | Truist Financial | $37.00 | $33.60 | 10.12% | 15.63% |
| Apr 25, 2024 | Kevin Fitzsimmons | D.A. Davidson | $34.00 | $29.36 | 15.80% | 6.25% |
| Jan 09, 2023 | - | D.A. Davidson | $38.00 | $34.97 | 8.66% | 18.75% |
The latest Trustmark stock forecast, released on Jul 25, 2024 by Gary Tenner from D.A. Davidson, set a price target of $38.00, which represents a 10.18% increase from the stock price at the time of the forecast ($34.49), and a 18.75% increase from TRMK last price ($32.00).
Trustmark Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 3 |
| Avg Price Target | - | $37.50 | $36.33 |
| Last Closing Price | $32.00 | $32.00 | $32.00 |
| Upside/Downside | -100.00% | 17.19% | 13.53% |
In the current month, the average price target of Trustmark stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Trustmark's last price of $32.00. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Apr 25, 2024 | Piper Sandler | Hold | Hold | Hold |
| Apr 25, 2024 | Keefe, Bruyette & Woods | Underperform | Underperform | Hold |
| Apr 25, 2024 | Keefe, Bruyette & Woods | - | Outperform | Upgrade |
| Feb 21, 2023 | HSBC | - | Hold | Downgrade |
| Feb 21, 2023 | Piper Sandler | - | Overweight | Upgrade |
| Feb 21, 2023 | Raymond James | - | Market Perform | Downgrade |
| Feb 21, 2023 | Wells Fargo | - | Underweight | Downgrade |
| Feb 21, 2023 | Raymond James | - | Outperform | Upgrade |
Trustmark's last stock rating was published by Piper Sandler on Apr 25, 2024. The company gave TRMK a "Hold" rating, the same as its previous rate.
Trustmark Financial Forecast
Trustmark Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $236.19M | $165.14M | $167.53M | $166.45M | $166.46M | $163.56M | - | $3.00M | $125.42M | $128.13M | $152.32M | $138.55M | $153.35M | $156.89M | $152.19M | $147.65M | $132.33M | $137.07M | $138.36M | $128.64M | $130.50M | $137.05M |
| Avg Forecast | $198.46M | $196.87M | $193.15M | $191.27M | $192.63M | $192.53M | $209.05M | $189.23M | $187.63M | $190.65M | $184.96M | $189.76M | $196.31M | $177.60M | $160.52M | $152.16M | $152.94M | $155.20M | $172.10M | $167.40M | $173.80M | $176.28M | $160.38M | $153.50M | $156.63M | $160.29M | $156.35M | $151.17M | $146.03M | $162.66M |
| High Forecast | $203.91M | $202.27M | $198.44M | $196.52M | $197.91M | $195.44M | $214.78M | $194.42M | $190.92M | $194.27M | $190.03M | $194.96M | $201.69M | $182.47M | $160.52M | $153.64M | $154.42M | $156.71M | $173.77M | $169.02M | $175.49M | $177.99M | $161.94M | $154.99M | $158.15M | $161.84M | $157.87M | $152.64M | $175.24M | $195.19M |
| Low Forecast | $195.35M | $193.79M | $190.12M | $188.27M | $189.61M | $190.03M | $205.77M | $186.26M | $184.39M | $184.59M | $182.05M | $186.78M | $193.23M | $174.81M | $160.52M | $150.92M | $151.70M | $153.94M | $170.70M | $166.04M | $172.39M | $174.85M | $159.08M | $152.25M | $155.35M | $158.98M | $155.08M | $149.94M | $116.83M | $130.13M |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 20 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | 1.26% | 0.87% | 0.91% | 0.88% | 0.85% | 0.92% | - | 0.02% | 0.82% | 0.83% | 0.89% | 0.83% | 0.88% | 0.89% | 0.95% | 0.96% | 0.84% | 0.86% | 0.88% | 0.85% | 0.89% | 0.84% |
Trustmark's average Quarter revenue forecast for Mar 24 based on 1 analysts is $189.23M, with a low forecast of $186.26M, and a high forecast of $194.42M. TRMK's average Quarter revenue forecast represents a -19.88% decrease compared to the company's last Quarter revenue of $236.19M (Dec 23).
Trustmark EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 20 | 12 |
| EBITDA | - | - | - | - | - | - | - | - | $46.73M | $44.79M | $56.17M | $121.24M | $-9.80M | $68.41M | - | $48.72M | $47.72M | $43.74M | $74.42M | $79.50M | $81.97M | $82.69M | $57.98M | $50.26M | $68.36M | $79.28M | $80.87M | $68.61M | $72.05M | $68.41M |
| Avg Forecast | $85.23M | $84.55M | $82.94M | $82.14M | $82.72M | $82.68M | $89.78M | $51.17M | $80.58M | $81.87M | $79.43M | $40.45M | $84.30M | $48.11M | $68.93M | $31.97M | $54.54M | $43.74M | $66.87M | $53.86M | $64.84M | $68.86M | $38.84M | $60.54M | $72.03M | $76.72M | $69.52M | $69.93M | $70.72M | $72.01M |
| High Forecast | $87.57M | $86.87M | $85.22M | $84.39M | $84.99M | $83.93M | $92.24M | $61.40M | $81.99M | $83.43M | $81.61M | $48.54M | $86.62M | $57.74M | $68.93M | $38.37M | $65.45M | $52.49M | $80.25M | $64.63M | $77.81M | $82.63M | $46.60M | $72.65M | $86.43M | $92.06M | $83.42M | $83.91M | $84.86M | $86.42M |
| Low Forecast | $83.89M | $83.22M | $81.64M | $80.85M | $81.43M | $81.61M | $88.37M | $40.93M | $79.18M | $79.27M | $78.18M | $32.36M | $82.98M | $38.49M | $68.93M | $25.58M | $43.63M | $34.99M | $53.50M | $43.08M | $51.87M | $55.09M | $31.07M | $48.44M | $57.62M | $61.37M | $55.61M | $55.94M | $56.57M | $57.61M |
| Surprise % | - | - | - | - | - | - | - | - | 0.58% | 0.55% | 0.71% | 3.00% | -0.12% | 1.42% | - | 1.52% | 0.88% | 1.00% | 1.11% | 1.48% | 1.26% | 1.20% | 1.49% | 0.83% | 0.95% | 1.03% | 1.16% | 0.98% | 1.02% | 0.95% |
1 analysts predict TRMK's average Quarter EBITDA for Mar 24 to be $51.17M, with a high of $61.40M and a low of $40.93M. This is 9.50% upper than Trustmark's previous annual EBITDA (Dec 23) of $46.73M.
Trustmark Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 20 | 12 |
| Net Income | - | - | - | - | - | - | - | - | $36.12M | $34.03M | $45.04M | $50.30M | $-34.06M | $42.45M | - | $29.21M | $26.22M | $21.20M | $47.98M | $51.96M | $51.22M | $54.44M | $32.15M | $22.22M | $33.95M | $41.03M | $42.14M | $33.34M | $36.69M | $36.25M |
| Avg Forecast | $48.04M | $47.91M | $46.75M | $46.47M | $48.58M | $50.21M | $38.25M | $38.56M | $34.88M | $41.10M | $36.21M | $30.49M | $48.65M | $23.32M | $28.71M | $24.10M | $29.97M | $21.20M | $43.11M | $35.20M | $40.51M | $45.34M | $21.53M | $26.76M | $35.76M | $39.71M | $36.23M | $33.98M | $36.01M | $38.16M |
| High Forecast | $49.75M | $49.62M | $48.42M | $48.13M | $50.31M | $52.63M | $39.61M | $46.28M | $36.11M | $48.47M | $37.50M | $36.58M | $50.39M | $27.98M | $28.71M | $28.92M | $35.96M | $25.44M | $51.74M | $42.24M | $48.62M | $54.40M | $25.84M | $32.12M | $42.92M | $47.65M | $43.47M | $40.78M | $43.21M | $45.79M |
| Low Forecast | $47.06M | $46.93M | $45.80M | $45.52M | $47.59M | $47.19M | $37.47M | $30.85M | $33.66M | $38.65M | $35.47M | $24.39M | $47.66M | $18.66M | $28.71M | $19.28M | $23.97M | $16.96M | $34.49M | $28.16M | $32.41M | $36.27M | $17.23M | $21.41M | $28.61M | $31.77M | $28.98M | $27.18M | $28.81M | $30.53M |
| Surprise % | - | - | - | - | - | - | - | - | 1.04% | 0.83% | 1.24% | 1.65% | -0.70% | 1.82% | - | 1.21% | 0.88% | 1.00% | 1.11% | 1.48% | 1.26% | 1.20% | 1.49% | 0.83% | 0.95% | 1.03% | 1.16% | 0.98% | 1.02% | 0.95% |
Trustmark's average Quarter net income forecast for Mar 24 is $38.56M, with a range of $30.85M to $46.28M. TRMK's average Quarter net income forecast represents a 6.76% increase compared to the company's last Quarter net income of $36.12M (Dec 23).
Trustmark SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 20 | 12 |
| SG&A | - | - | - | - | - | - | - | - | - | $80.43M | $78.49M | $76.43M | $75.60M | $74.65M | - | $71.08M | $69.73M | $80.90M | $71.34M | $72.70M | $71.16M | $68.75M | $67.70M | $70.74M | $63.77M | $63.90M | $63.78M | $62.71M | $61.52M | $63.73M |
| Avg Forecast | $320.37M | $317.81M | $311.78M | $308.76M | $310.96M | $310.79M | $337.46M | $93.85M | $302.88M | $307.75M | $298.56M | $74.19M | $316.89M | $88.99M | $259.12M | $58.65M | $79.69M | $80.90M | $64.10M | $49.25M | $56.29M | $57.25M | $45.35M | $85.21M | $67.19M | $61.83M | $54.83M | $63.92M | $60.38M | $67.09M |
| High Forecast | $329.15M | $326.52M | $320.34M | $317.23M | $319.48M | $315.48M | $346.71M | $112.61M | $308.20M | $313.59M | $306.75M | $89.02M | $325.58M | $106.79M | $259.12M | $70.37M | $95.63M | $97.08M | $76.92M | $59.10M | $67.55M | $68.71M | $54.41M | $102.25M | $80.62M | $74.20M | $65.80M | $76.70M | $72.45M | $80.50M |
| Low Forecast | $315.34M | $312.82M | $306.89M | $303.92M | $306.08M | $306.75M | $332.17M | $75.08M | $297.65M | $297.97M | $293.88M | $59.35M | $311.92M | $71.19M | $259.12M | $46.92M | $63.76M | $64.72M | $51.28M | $39.40M | $45.03M | $45.80M | $36.28M | $68.17M | $53.75M | $49.47M | $43.87M | $51.13M | $48.30M | $53.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.26% | 0.26% | 1.03% | 0.24% | 0.84% | - | 1.21% | 0.88% | 1.00% | 1.11% | 1.48% | 1.26% | 1.20% | 1.49% | 0.83% | 0.95% | 1.03% | 1.16% | 0.98% | 1.02% | 0.95% |
Trustmark's average Quarter SG&A projection for Dec 23 is $302.88M, based on 3 Wall Street analysts, with a range of $297.65M to $308.20M. The forecast indicates a 276.57% rise compared to TRMK last annual SG&A of $80.43M (Sep 23).
Trustmark EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 20 | 12 |
| EPS | - | - | - | - | - | - | - | - | $0.59 | $0.56 | $0.74 | $0.82 | $-0.56 | $0.69 | - | $0.47 | $0.42 | $0.34 | $0.76 | $0.82 | $0.81 | $0.86 | $0.51 | $0.35 | $0.53 | $0.64 | $0.65 | $0.51 | $0.55 | $0.54 |
| Avg Forecast | $0.78 | $0.78 | $0.76 | $0.76 | $0.79 | $0.82 | $0.63 | $0.61 | $0.57 | $0.67 | $0.59 | $0.67 | $0.80 | $0.63 | $0.47 | $0.40 | $0.49 | $0.47 | $0.67 | $0.62 | $0.67 | $0.52 | $0.25 | $0.44 | $0.57 | $0.62 | $0.57 | $0.52 | $0.53 | $0.60 |
| High Forecast | $0.81 | $0.81 | $0.79 | $0.79 | $0.82 | $0.86 | $0.65 | $0.63 | $0.59 | $0.79 | $0.61 | $0.69 | $0.82 | $0.66 | $0.47 | $0.40 | $0.49 | $0.48 | $0.68 | $0.62 | $0.67 | $0.53 | $0.25 | $0.45 | $0.58 | $0.63 | $0.57 | $0.53 | $0.64 | $0.72 |
| Low Forecast | $0.77 | $0.77 | $0.75 | $0.74 | $0.78 | $0.77 | $0.61 | $0.59 | $0.55 | $0.63 | $0.58 | $0.66 | $0.78 | $0.62 | $0.47 | $0.39 | $0.48 | $0.47 | $0.66 | $0.61 | $0.66 | $0.51 | $0.25 | $0.44 | $0.56 | $0.61 | $0.56 | $0.52 | $0.42 | $0.48 |
| Surprise % | - | - | - | - | - | - | - | - | 1.04% | 0.83% | 1.25% | 1.22% | -0.70% | 1.09% | - | 1.18% | 0.86% | 0.72% | 1.14% | 1.33% | 1.22% | 1.65% | 2.04% | 0.79% | 0.93% | 1.03% | 1.15% | 0.98% | 1.04% | 0.90% |
According to 1 Wall Street analysts, Trustmark's projected average Quarter EPS for Mar 24 is $0.61, with a low estimate of $0.59 and a high estimate of $0.63. This represents a 2.62% increase compared to TRMK previous annual EPS of $0.59 (Dec 23).
Trustmark Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TRMK | Trustmark | $32.00 | $37.50 | 17.19% | Hold |
| WABC | Westamerica Ban | $49.18 | $57.00 | 15.90% | Hold |
| HONE | HarborOne Bancorp | $12.33 | $14.00 | 13.54% | Hold |
| UMBF | UMB Financial | $99.83 | $104.67 | 4.85% | Hold |
| SRCE | 1st Source | $58.21 | $61.00 | 4.79% | Hold |
| FBIZ | First Business Financial Services | $43.18 | $45.00 | 4.21% | Buy |
| ABCB | Ameris Bancorp | $59.33 | $56.25 | -5.19% | Buy |
TRMK Forecast FAQ
Is Trustmark a good buy?
No, according to 4 Wall Street analysts, Trustmark (TRMK) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of TRMK's total ratings.
What is TRMK's price target?
Trustmark (TRMK) average price target is $37.5 with a range of $37 to $38, implying a 17.19% from its last price of $32. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Trustmark stock go up soon?
According to Wall Street analysts' prediction for TRMK stock, the company can go up by 17.19% (from the last price of $32 to the average price target of $37.5), up by 18.75% based on the highest stock price target, and up by 15.62% based on the lowest stock price target.
Can Trustmark stock reach $50?
TRMK's average twelve months analyst stock price target of $37.5 does not support the claim that Trustmark can reach $50 in the near future.
What are Trustmark's analysts' financial forecasts?
Trustmark's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $783.44M (high $802.55M, low $771.67M), average EBITDA is $306.35M (high $322.56M, low $292.33M), average net income is $175.6M (high $188.83M, low $163.09M), average SG&A $1.05B (high $1.09B, low $1.02B), and average EPS is $2.84 (high $2.96, low $2.75). TRMK's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $779.76M (high $801.14M, low $767.52M), average EBITDA is $334.86M (high $344.05M, low $329.61M), average net income is $189.17M (high $195.91M, low $185.31M), average SG&A $1.26B (high $1.29B, low $1.24B), and average EPS is $3.09 (high $3.2, low $3.03).
Did the TRMK's actual financial results beat the analysts' financial forecasts?
Based on Trustmark's last annual report (Dec 2023), the company's revenue was $892.3M, beating the average analysts forecast of $752.99M by 18.50%. Apple's EBITDA was $210.8M, missing the average prediction of $282.32M by -25.33%. The company's net income was $165.49M, beating the average estimation of $142.68M by 15.99%. Apple's SG&A was $0, missing the average forecast of $983.38M by -100.00%. Lastly, the company's EPS was $2.71, beating the average prediction of $2.5 by 8.26%. In terms of the last quarterly report (Dec 2023), Trustmark's revenue was $236.19M, beating the average analysts' forecast of $187.63M by 25.88%. The company's EBITDA was $46.73M, missing the average prediction of $80.58M by -42.01%. Trustmark's net income was $36.12M, beating the average estimation of $34.88M by 3.56%. The company's SG&A was $0, missing the average forecast of $302.88M by -100.00%. Lastly, the company's EPS was $0.59, beating the average prediction of $0.57 by 3.51%