TrustMark's 15min chart shows MACD Death Cross and Bollinger Bands Narrowing.
PorAinvest
jueves, 24 de julio de 2025, 2:09 pm ET1 min de lectura
TRMK--
Key drivers of the results included loan growth, stable credit quality, and growth in noninterest-bearing deposits. Loans held for investment increased by 1.7% year-over-year, contributing to revenue growth. The company also reported a decline in nonperforming assets and low net charge-offs, indicating stable credit quality. Additionally, growth in noninterest-bearing deposits and reduced cost of total deposits positively impacted the company's financial performance [1].
The stock market reacted to the earnings report with a 5.7% rise in the quarter, and an 8.9% gain year-to-date. However, the 15-minute chart of TrustMark triggered a MACD Death Cross and Bollinger Bands Narrowing as of 14:00 on July 24, 2025, suggesting potential further price declines and decreasing price volatility [3].
Analysts maintained a "buy" rating on the stock, with an average consensus recommendation of "buy" for the banks' peer group. The median 12-month price target for Trustmark Corp is $43.00, about 10.4% above its last closing price of $38.52 [2].
References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_PLX3656B2:0-trustmark-q2-revenue-up-2-1-but-misses-estimates/
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TJ2EW:0-trustmark-corp-reports-results-for-the-quarter-ended-june-30-earnings-summary/
[3] (Provided topic information)
The 15-minute chart of TrustMark has triggered a MACD Death Cross and Bollinger Bands Narrowing, as of 14:00 on 07/24/2025. This suggests that the stock price has the potential to continue falling and that the magnitude of price fluctuations is decreasing.
Trustmark Corp (TRMK) reported its second-quarter (Q2) earnings on July 24, 2025, with a mixed reception from the market. The company's revenue rose by 2.1% to $198.6 million, but this figure fell short of analysts' expectations of $199.1 million [1]. Net income for the quarter totaled $55.8 million, with diluted earnings per share (EPS) reaching $0.92 [2].Key drivers of the results included loan growth, stable credit quality, and growth in noninterest-bearing deposits. Loans held for investment increased by 1.7% year-over-year, contributing to revenue growth. The company also reported a decline in nonperforming assets and low net charge-offs, indicating stable credit quality. Additionally, growth in noninterest-bearing deposits and reduced cost of total deposits positively impacted the company's financial performance [1].
The stock market reacted to the earnings report with a 5.7% rise in the quarter, and an 8.9% gain year-to-date. However, the 15-minute chart of TrustMark triggered a MACD Death Cross and Bollinger Bands Narrowing as of 14:00 on July 24, 2025, suggesting potential further price declines and decreasing price volatility [3].
Analysts maintained a "buy" rating on the stock, with an average consensus recommendation of "buy" for the banks' peer group. The median 12-month price target for Trustmark Corp is $43.00, about 10.4% above its last closing price of $38.52 [2].
References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_PLX3656B2:0-trustmark-q2-revenue-up-2-1-but-misses-estimates/
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TJ2EW:0-trustmark-corp-reports-results-for-the-quarter-ended-june-30-earnings-summary/
[3] (Provided topic information)
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