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 (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
|Aug 2016||SunTrust Robinson Humphrey||Maintains||Neutral|
|Jul 2016||Keefe Bruyette & Woods||Upgrades||Underperform||Market Perform|
|Jul 2016||Keefe Bruyette & Woods||Maintains||Market Perform|
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