Brokerages Anticipate Trustmark Corporation (TRMK) Will Announce Earnings of $0.47 Per Share
Brokerages expect Trustmark Corporation (NASDAQ:TRMK) to report $0.47 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Trustmark’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.48. Trustmark posted earnings of $0.44 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.8%. The firm is scheduled to report its next earnings report on Tuesday, January 23rd.
On average, analysts expect that Trustmark will report full-year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.81. For the next year, analysts anticipate that the company will report earnings of $1.96 per share, with EPS estimates ranging from $1.87 to $2.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Trustmark.
Trustmark (NASDAQ:TRMK) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Trustmark had a return on equity of 8.21% and a net margin of 18.56%. The firm had revenue of $153.37 million for the quarter, compared to analyst estimates of $154.40 million. During the same period last year, the company earned $0.47 earnings per share.
Several equities research analysts have weighed in on the company. Zacks Investment Research lowered Trustmark from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. ValuEngine raised Trustmark from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Jefferies Group reaffirmed a “hold” rating and issued a $36.00 target price on shares of Trustmark in a research report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 price target on shares of Trustmark in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $34.40.
Shares of Trustmark (TRMK) traded up $0.29 during midday trading on Thursday, reaching $32.63. The company’s stock had a trading volume of 162,213 shares, compared to its average volume of 288,485. Trustmark has a 1 year low of $28.16 and a 1 year high of $36.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.76 and a quick ratio of 0.74. The firm has a market capitalization of $2,210.00, a price-to-earnings ratio of 17.52 and a beta of 1.15.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Thursday, November 30th. Trustmark’s dividend payout ratio (DPR) is 52.57%.
Several institutional investors and hedge funds have recently modified their holdings of TRMK. Earnest Partners LLC increased its holdings in shares of Trustmark by 16.9% during the second quarter. Earnest Partners LLC now owns 2,026,880 shares of the financial services provider’s stock valued at $65,184,000 after purchasing an additional 292,290 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Trustmark by 3.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,033,036 shares of the financial services provider’s stock valued at $161,864,000 after purchasing an additional 189,873 shares during the period. Vanguard Group Inc. increased its holdings in shares of Trustmark by 2.1% during the second quarter. Vanguard Group Inc. now owns 5,625,905 shares of the financial services provider’s stock valued at $180,929,000 after purchasing an additional 116,857 shares during the period. State of Tennessee Treasury Department acquired a new position in shares of Trustmark during the second quarter valued at $3,216,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Trustmark by 4.2% during the second quarter. Wells Fargo & Company MN now owns 2,253,867 shares of the financial services provider’s stock valued at $72,484,000 after purchasing an additional 91,676 shares during the period. 62.54% of the stock is currently owned by institutional investors.
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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.
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