Trustmark (NASDAQ:TRMK – Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.08, Briefing.com reports. Trustmark had a return on equity of 10.04% and a net margin of 13.82%. The firm had revenue of $288.55 million during the quarter, compared to analysts’ expectations of $187.03 million. During the same quarter in the previous year, the business earned $0.82 earnings per share.
Trustmark Price Performance
Shares of NASDAQ:TRMK traded up $0.13 during mid-day trading on Friday, reaching $29.95. The stock had a trading volume of 53,767 shares, compared to its average volume of 281,141. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.83 billion, a P/E ratio of 11.60 and a beta of 0.82. Trustmark has a 1 year low of $18.96 and a 1 year high of $30.09. The business’s 50 day moving average price is $26.83 and its 200 day moving average price is $25.49.
Trustmark Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Saturday, June 1st will be given a $0.23 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.07%. Trustmark’s dividend payout ratio is currently 35.80%.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on TRMK
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 operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; 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, as well as treasury management services.
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