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KBW Reaffirms Their Buy Rating on Trustmark (TRMK)

KBW Reaffirms Their Buy Rating on Trustmark (TRMK)

In a report released today, Catherine Mealor from KBW maintained a Buy rating on Trustmark, with a price target of $45.00. The company's shares opened today at $38.64.
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Mealor covers the Financial sector, focusing on stocks such as Cadence Bank, SouthState Corporation, and FB Financial. According to TipRanks, Mealor has an average return of 13.2% and a 71.67% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Trustmark with a $41.00 average price target.
Based on Trustmark's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $244.82 million and a net profit of $53.63 million. In comparison, last year the company earned a revenue of $243.64 million and had a net profit of $41.54 million
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