Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Pause In 3.7% Yielding Trustmark's Growth Warrants Temporary Pause On The Stock

Trustmark Corp (NASDAQ:TRMK) is a Jackson, Mississippi-based bank and insurance company. The $1.67B, 218 branch, five-state (MI, AL, FL, TN, and TX) firm is interesting in that its stock can benefit from either improving insurance or improving banking conditions. (Surprisingly there aren't that many decent sized bank-insurance company hybrids even though the industries share some important similarities. That's a subject for another article though.) The firm also has a wealth management division, but pretty much all banks do these days, and Trustmark's wealth management business is only a small part of the firm (4-8% of revenues depending on the quarter in question.)

Thesis:

For the long term, I like TRMK's hybrid structure and resulting diversification. Currently, the stock...

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