NEW YORK ( TheStreet) -- Trustmark Corporation (Nasdaq: TRMK) hit a new 52-week high Friday as it is currently trading at $26.02, above its previous 52-week high of $26.01 with 168,902 shares traded as of 11:25 a.m. ET. Average volume has been 267,400 shares over the past 30 days. Trustmark has a market cap of $1.66 billion and is part of the financial sector and banking industry. Shares are up 6.1% year to date as of the close of trading on Thursday. Trustmark Corporation operates as the bank holding company for Trustmark National Bank, which provides banking and financial solutions to individuals and corporate institutions in Florida, Mississippi, Tennessee, and Texas. The company has a P/E ratio of 14.5, below the average banking industry P/E ratio of 15.3 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Trustmark as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Trustmark Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.