Keefe, Bruyette & Woods raises target for Trustmark stock to USD 50.00

Published on 10/02/2026 at 02:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Trustmark sold 34 branches for USD 91.70 million. For Trustmark stock, revenue reached USD 213.38 million in the second quarter of 2026, up 4.80 percent.

TRMK, US8984021027, Illustration mit AI erstellt.

Trustmark Corporation (US8984021027) received a higher price target from Keefe, Bruyette & Woods, which lifted its forecast from USD 48.00 to USD 50.00 while keeping a Market Perform rating on September 16, 2026, according to MarketBeat. The change puts the analyst target above the latest Nasdaq quotation while leaving the rating unchanged.

Target rises to USD 50

The analyst action followed Trustmark's second-quarter 2026 results, which included USD 0.97 in earnings per share against a USD 0.96 consensus estimate. Revenue reached USD 213.38 million in the second quarter of 2026, up 4.80 percent from the same period a year earlier, according to MarketBeat. The comparison matters because the target increase rests on operating estimates rather than a change in the bank's rating category.

Trustmark's second-quarter net income was USD 63.52 million, while total assets stood at USD 19.19 billion on June 30, 2026. Shareholders' equity reached USD 2.14 billion on the same date, according to the company's latest reported figures.

34 branches change ownership

Trustmark also completed a USD 91.70 million sale-leaseback covering 34 bank branches across five southeastern states on September 17, 2026. The properties span 222,037 square feet and are leased back under a 15-year absolute triple-net master lease, JLL reported.

The structure preserves branch operations while converting owned real estate into capital that can support the bank's investment portfolio. JLL said the lease agreements include annual rent increases of 1.50 percent, adding a quantified cost to the capital-redeployment strategy.

On Nasdaq, Trustmark was trading at USD 44.82 at 11:51 a.m. EDT on October 2, 2026. The 52-week range was USD 36.33 to USD 49.00, and the market capitalization was USD 2.6 billion as of October 1, 2026.

Third-quarter date is set

Trustmark will announce third-quarter 2026 financial results after the market close on October 27, 2026, followed by an earnings call on October 28, 2026, according to TradingView. The upcoming report will test whether the second-quarter revenue growth and the balance-sheet repositioning are translating into recurring earnings.