Sterne Agee Reiterates Neutral Rating, Does Not Name PT for Trustmark

In a company report published earlier today, Sterne Agee Group, Inc. reiterated its Neutral rating for Trustmark Corporation TRMK, but did not name a price target, related to Trustmark's recent purchase of BancTrust Financial Group, Inc. BTFG Sterne Agee went on to say “The purchase of BancTrust Financial is expected to be accretive to TRMK's operating 2013E EPS by $0.22, assuming cost savings of 25%, 4Q12 closing, the loss of debit card revenue, amortization of CDI, and no balance sheet shrinkage.” Trustmark Corporation closed yesterday at $24.92.