Equities analysts expect Trustmark Corp (NASDAQ:TRMK) to post earnings of $0.58 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Trustmark’s earnings. The highest EPS estimate is $0.59 and the lowest is $0.57. Trustmark posted earnings per share of $0.55 in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.5%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, January 22nd.
On average, analysts expect that Trustmark will report full year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $2.36 to $2.38. For the next year, analysts expect that the company will post earnings of $2.26 per share, with EPS estimates ranging from $2.17 to $2.33. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Trustmark.
Trustmark (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Trustmark had a return on equity of 9.51% and a net margin of 21.68%. The business had revenue of $160.05 million for the quarter, compared to the consensus estimate of $160.21 million. During the same period in the previous year, the business earned $0.54 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis.
Several equities research analysts have recently issued reports on the company. BidaskClub cut Trustmark from a “hold” rating to a “sell” rating in a report on Friday, October 18th. ValuEngine raised Trustmark from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Finally, Zacks Investment Research raised Trustmark from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Trustmark currently has an average rating of “Hold” and an average price target of $35.00.
In other news, insider Breck W. Tyler sold 19,398 shares of Trustmark stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $33.70, for a total value of $653,712.60. Following the sale, the insider now directly owns 23,656 shares of the company’s stock, valued at $797,207.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.50% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Trustmark in the second quarter worth about $49,000. Strs Ohio increased its stake in Trustmark by 45.5% during the third quarter. Strs Ohio now owns 1,600 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 500 shares during the last quarter. Dupont Capital Management Corp increased its stake in Trustmark by 10.3% during the third quarter. Dupont Capital Management Corp now owns 3,634 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 338 shares during the last quarter. Parallel Advisors LLC increased its stake in Trustmark by 41.5% during the second quarter. Parallel Advisors LLC now owns 5,476 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 1,607 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Trustmark during the second quarter worth approximately $201,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TRMK stock opened at $35.15 on Wednesday. Trustmark has a 12-month low of $26.84 and a 12-month high of $36.63. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.04. The stock’s 50-day moving average price is $34.33 and its 200-day moving average price is $33.77. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 15.90 and a beta of 1.09.
The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.62%. Trustmark’s dividend payout ratio (DPR) is 41.63%.
Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit.
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