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

Related TRMK
UPDATE: Keefe, Bruyette & Woods Downgrades Trustmark As Higher Growth Momentum Is Not Enough
10 U.S. Banking Stocks Likely To Benefit From An Expected Interest Rate Increase

In a company report published earlier today, Sterne Agee Group, Inc. reiterated its Neutral rating for Trustmark Corporation (NASDAQ: TRMK), but did not name a price target, related to Trustmark's recent purchase of BancTrust Financial Group, Inc. (NASDAQ: 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.

Latest Ratings for TRMK

DateFirmActionFromTo
Oct 2014Keefe Bruyette & WoodsDowngradesMarket PerformUnderperform
Aug 2014JefferiesInitiates Coverage onHold
Jul 2013JP MorganMaintainsUnderweight

View More Analyst Ratings for TRMK
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Reiteration Analyst Ratings

 

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