$0.48 Earnings Per Share Expected for Trustmark Corporation (TRMK) This Quarter
Wall Street analysts expect Trustmark Corporation (NASDAQ:TRMK) to report $0.48 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Trustmark Corporation’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.47. Trustmark Corporation posted earnings per share of $0.46 in the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The business is expected to report its next quarterly earnings report on Tuesday, October 24th.
On average, analysts expect that Trustmark Corporation will report full year earnings of $1.72 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.76. For the next financial year, analysts forecast that the business will report earnings of $1.96 per share, with EPS estimates ranging from $1.90 to $2.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Trustmark Corporation.
Trustmark Corporation (NASDAQ:TRMK) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. The company had revenue of $157.10 million during the quarter, compared to the consensus estimate of $152.57 million. During the same period last year, the company earned $0.40 earnings per share.
Several equities research analysts recently weighed in on TRMK shares. Hovde Group cut Trustmark Corporation from an “outperform” rating to a “market perform” rating and set a $34.00 target price for the company. in a report on Friday, June 23rd. BidaskClub raised Trustmark Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research raised Trustmark Corporation from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Wednesday, June 28th. ValuEngine raised Trustmark Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Stephens set a $35.00 price target on Trustmark Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.60.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Wednesday, August 30th. Trustmark Corporation’s dividend payout ratio is currently 54.12%.
In other news, insider Charles Scott Woods sold 1,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $32.00, for a total value of $32,000.00. Following the completion of the transaction, the insider now owns 13,344 shares of the company’s stock, valued at approximately $427,008. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Bank of Montreal Can raised its position in shares of Trustmark Corporation by 0.3% in the 1st quarter. Bank of Montreal Can now owns 5,759 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 20 shares in the last quarter. First Midwest Bank Trust Division raised its position in shares of Trustmark Corporation by 0.4% in the 2nd quarter. First Midwest Bank Trust Division now owns 13,410 shares of the financial services provider’s stock worth $432,000 after acquiring an additional 55 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Trustmark Corporation by 0.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,592 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 61 shares in the last quarter. Somerset Trust Co raised its position in shares of Trustmark Corporation by 0.5% in the 2nd quarter. Somerset Trust Co now owns 14,894 shares of the financial services provider’s stock worth $479,000 after acquiring an additional 69 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Trustmark Corporation by 1.1% in the 2nd quarter. Amalgamated Bank now owns 9,582 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 102 shares in the last quarter. 62.36% of the stock is owned by hedge funds and other institutional investors.
Trustmark Corporation Company Profile
Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Trustmark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trustmark Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.