UPDATE: Stifel Nicolaus Initiates Trustmark Corporation with Hold as Valuation is Full
Stifel Nicolaus initiates its coverage on Trustmark Corporation (NASDAQ: TRMK) with a Hold rating.
Stifel Nicolaus notes, "While enviably positioned from a capital deployment potential, the share's valuation appropriately reflects the above-peer profitability of this steady franchise and we look for more attractive entry points to become more constructive in our rating, all else being equal. Our 2012 and 2013 EPS estimates are $1.81 and $1.84, respectively."
TRMK closed at $24.20 on Wednesday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.