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4 Reasons to Bet On Trustmark Corporation (TRMK) Stock Now
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The rising rate environment and the approval of the Financial Choice Act have renewed optimism regarding performance of the banks. So, this is the right time to bet on banking stocks. Among others, Trustmark Corporation (TRMK - Free Report) stock is expected to see a decent upside based on its underlying strength.
Analysts also seem to be optimistic about its growth prospects as evident from the upward estimate revisions. Over the last 60 days, the Zacks Consensus Estimate for the current year was revised 1.1% upward.
Further, this Zacks Rank #2 (Buy) stock has rallied 2.1% in the last three months, against the Zacks categorized Southeast Banks industry’s decline of 1.9%.
Trustmark Corporation has a number of other aspects that make it an attractive investment option.
Earnings Per Share (EPS) Growth: In the last three to five years, Trustmark Corporation witnessed EPS growth of 8.7%. The company’s earnings are projected to grow 8.2% and 5.4% in 2017 and 2018, respectively.
Revenue Strength: Trustmark Corporation’s revenues witnessed a five-year compound annual growth rate of 1.7% (2012–2016). Driven by an improving rate scenario and a rise in loan demand, the company’s top line is expected to grow nearly 5.3% in 2017. This is considerably higher than the industry average of 1.9%.
Strong Leverage: Trustmark Corporation’s debt/equity ratio is 0.20 compared with the industry average of 0.31. The relatively strong financial health of the company will help it perform better than its peers under a dynamic business environment.
Stock Seems Undervalued: With respect to Price-to-Book (P/B) and Price/Earnings (P/E) ratios, Trustmark Corporation looks relatively undervalued. The company’s P/B ratio of 1.38 is below the industry average of 1.49. Also, the P/E ratio for the company is 17.35 compared with industry average of 18.08.
Other Stocks to Consider
Some other stocks in the same industry worth considering include Carolina Financial Corporation , Green Bancorp, Inc. and State Bank Financial Corporation . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Carolina Financial remained stable for the current year, in the last 60 days. The company’s share price has increased 7.01% over the last three months.
Green Bancorp witnessed an upward earnings estimate revision of 14.3% for the current year, in the last 60 days. Over the past three months, its share price has increased 10.3% year to date.
State Bank Financial witnessed an upward earnings estimate revision of 1.4% for the current year, in the last 60 days. So far this year, its share price has increased 5.2%.
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4 Reasons to Bet On Trustmark Corporation (TRMK) Stock Now
The rising rate environment and the approval of the Financial Choice Act have renewed optimism regarding performance of the banks. So, this is the right time to bet on banking stocks. Among others, Trustmark Corporation (TRMK - Free Report) stock is expected to see a decent upside based on its underlying strength.
Analysts also seem to be optimistic about its growth prospects as evident from the upward estimate revisions. Over the last 60 days, the Zacks Consensus Estimate for the current year was revised 1.1% upward.
Further, this Zacks Rank #2 (Buy) stock has rallied 2.1% in the last three months, against the Zacks categorized Southeast Banks industry’s decline of 1.9%.
Trustmark Corporation has a number of other aspects that make it an attractive investment option.
Earnings Per Share (EPS) Growth: In the last three to five years, Trustmark Corporation witnessed EPS growth of 8.7%. The company’s earnings are projected to grow 8.2% and 5.4% in 2017 and 2018, respectively.
Revenue Strength: Trustmark Corporation’s revenues witnessed a five-year compound annual growth rate of 1.7% (2012–2016). Driven by an improving rate scenario and a rise in loan demand, the company’s top line is expected to grow nearly 5.3% in 2017. This is considerably higher than the industry average of 1.9%.
Strong Leverage: Trustmark Corporation’s debt/equity ratio is 0.20 compared with the industry average of 0.31. The relatively strong financial health of the company will help it perform better than its peers under a dynamic business environment.
Stock Seems Undervalued: With respect to Price-to-Book (P/B) and Price/Earnings (P/E) ratios, Trustmark Corporation looks relatively undervalued. The company’s P/B ratio of 1.38 is below the industry average of 1.49. Also, the P/E ratio for the company is 17.35 compared with industry average of 18.08.
Other Stocks to Consider
Some other stocks in the same industry worth considering include Carolina Financial Corporation , Green Bancorp, Inc. and State Bank Financial Corporation . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Carolina Financial remained stable for the current year, in the last 60 days. The company’s share price has increased 7.01% over the last three months.
Green Bancorp witnessed an upward earnings estimate revision of 14.3% for the current year, in the last 60 days. Over the past three months, its share price has increased 10.3% year to date.
State Bank Financial witnessed an upward earnings estimate revision of 1.4% for the current year, in the last 60 days. So far this year, its share price has increased 5.2%.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>