Equities research analysts predict that Trustmark Corp (NASDAQ:TRMK) will announce earnings per share of $0.58 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Trustmark’s earnings. The highest EPS estimate is $0.59 and the lowest is $0.57. Trustmark reported earnings of $0.51 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.7%. The company is expected to report its next earnings results on Tuesday, October 23rd.

On average, analysts expect that Trustmark will report full year earnings of $2.26 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.27. For the next year, analysts expect that the company will report earnings of $2.31 per share, with EPS estimates ranging from $2.30 to $2.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Trustmark.

Trustmark (NASDAQ:TRMK) last issued its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.05. The business had revenue of $155.76 million during the quarter, compared to the consensus estimate of $151.50 million. Trustmark had a net margin of 19.01% and a return on equity of 9.13%. During the same quarter in the prior year, the firm earned $0.47 EPS.

Several equities analysts recently commented on TRMK shares. BidaskClub downgraded shares of Trustmark from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Zacks Investment Research raised shares of Trustmark from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Thursday, June 28th. Sandler O’Neill reissued a “hold” rating and issued a $35.00 price objective on shares of Trustmark in a research note on Thursday, July 26th. Finally, Hovde Group set a $35.00 price objective on shares of Trustmark and gave the company a “hold” rating in a research note on Saturday, July 28th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $34.86.

In other Trustmark news, insider Charles Scott Woods sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $35.41, for a total value of $70,820.00. Following the completion of the transaction, the insider now directly owns 13,998 shares in the company, valued at approximately $495,669.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in Trustmark by 5.7% in the 2nd quarter. BlackRock Inc. now owns 9,279,855 shares of the financial services provider’s stock valued at $302,802,000 after acquiring an additional 502,534 shares during the period. Dimensional Fund Advisors LP increased its position in Trustmark by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,412,871 shares of the financial services provider’s stock valued at $176,623,000 after acquiring an additional 107,397 shares during the period. Earnest Partners LLC increased its position in Trustmark by 2.4% in the 1st quarter. Earnest Partners LLC now owns 2,330,947 shares of the financial services provider’s stock valued at $72,632,000 after acquiring an additional 54,033 shares during the period. Northern Trust Corp increased its position in shares of Trustmark by 0.6% during the second quarter. Northern Trust Corp now owns 2,067,330 shares of the financial services provider’s stock worth $67,457,000 after buying an additional 11,836 shares during the period. Finally, Millennium Management LLC increased its position in shares of Trustmark by 891.5% during the second quarter. Millennium Management LLC now owns 502,650 shares of the financial services provider’s stock worth $16,401,000 after buying an additional 451,952 shares during the period. Hedge funds and other institutional investors own 62.10% of the company’s stock.

NASDAQ:TRMK traded up $0.09 on Tuesday, hitting $34.63. The company had a trading volume of 433 shares, compared to its average volume of 242,293. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 18.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.80 and a quick ratio of 0.78. Trustmark has a 52 week low of $29.78 and a 52 week high of $36.32.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 15th. Shareholders of record on Saturday, September 1st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Thursday, August 30th. Trustmark’s dividend payout ratio (DPR) is currently 47.92%.

About Trustmark

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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Earnings History and Estimates for Trustmark (NASDAQ:TRMK)

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