$0.58 Earnings Per Share Expected for Trustmark Corp (TRMK) This Quarter
Brokerages expect Trustmark Corp (NASDAQ:TRMK) to report earnings per share of $0.58 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Trustmark’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.59. Trustmark reported earnings per share of $0.51 during the same quarter last year, which indicates a positive year-over-year growth rate of 13.7%. The company is expected to issue its next earnings results on Tuesday, October 23rd.
According to Zacks, analysts expect that Trustmark will report full year earnings of $2.26 per share for the current fiscal year, with EPS estimates ranging from $2.25 to $2.27. For the next financial year, analysts forecast that the business will post earnings of $2.31 per share, with EPS estimates ranging from $2.30 to $2.35. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Trustmark.
Trustmark (NASDAQ:TRMK) last issued its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. The firm had revenue of $155.76 million for the quarter, compared to analyst estimates of $151.50 million. Trustmark had a net margin of 19.01% and a return on equity of 9.13%. During the same period in the previous year, the firm earned $0.47 EPS.
In other Trustmark news, insider Charles Scott Woods sold 2,000 shares of Trustmark stock in a transaction dated Friday, July 27th. The stock was 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 of the company’s stock, valued at approximately $495,669.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Glen Harbor Capital Management LLC grew its position in Trustmark by 15.6% in the 1st quarter. Glen Harbor Capital Management LLC now owns 12,852 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 1,736 shares in the last quarter. LPL Financial LLC grew its position in shares of Trustmark by 17.0% during the first quarter. LPL Financial LLC now owns 12,378 shares of the financial services provider’s stock worth $386,000 after buying an additional 1,799 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of Trustmark by 3.4% during the second quarter. Mutual of America Capital Management LLC now owns 57,974 shares of the financial services provider’s stock worth $1,892,000 after buying an additional 1,916 shares in the last quarter. Jane Street Group LLC grew its position in shares of Trustmark by 27.3% during the fourth quarter. Jane Street Group LLC now owns 10,529 shares of the financial services provider’s stock worth $335,000 after buying an additional 2,255 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Trustmark by 17.8% during the first quarter. Barclays PLC now owns 18,857 shares of the financial services provider’s stock worth $587,000 after buying an additional 2,849 shares in the last quarter. 60.97% of the stock is owned by institutional investors.
TRMK traded down $0.03 on Friday, hitting $35.07. The company had a trading volume of 113,189 shares, compared to its average volume of 350,507. The firm has a market cap of $2.37 billion, a P/E ratio of 18.27 and a beta of 1.00. Trustmark has a 1 year low of $28.16 and a 1 year high of $35.68. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.04.
The company also recently announced a quarterly dividend, which will be paid on Saturday, September 15th. Shareholders of record on Saturday, September 1st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, August 30th. Trustmark’s dividend payout ratio is currently 47.92%.
Trustmark Company Profile
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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