Trustmark Corp (NASDAQ:TRMK) – Research analysts at SunTrust Banks increased their Q1 2018 EPS estimates for shares of Trustmark in a report issued on Monday. SunTrust Banks analyst J. Demba now expects that the financial services provider will post earnings per share of $0.51 for the quarter, up from their prior estimate of $0.46. SunTrust Banks currently has a “Hold” rating and a $38.00 target price on the stock.

Several other brokerages have also recently commented on TRMK. Jefferies Group reiterated a “hold” rating and set a $36.00 price target on shares of Trustmark in a research report on Thursday, October 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 price target on shares of Trustmark in a research report on Thursday, October 26th. Zacks Investment Research cut shares of Trustmark from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, ValuEngine upgraded shares of Trustmark from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $35.00.

Shares of Trustmark (NASDAQ:TRMK) traded up $0.51 during trading hours on Wednesday, hitting $33.05. 260,500 shares of the stock traded hands, compared to its average volume of 317,200. Trustmark has a 12 month low of $28.16 and a 12 month high of $35.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.74 and a current ratio of 0.76. The firm has a market cap of $2,220.00, a PE ratio of 18.89 and a beta of 1.15.

Trustmark (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Trustmark had a net margin of 18.56% and a return on equity of 8.21%. The company had revenue of $153.37 million during the quarter, compared to analysts’ expectations of $154.40 million. During the same quarter in the previous year, the company earned $0.47 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Amalgamated Bank grew its holdings in Trustmark by 1.1% during the second quarter. Amalgamated Bank now owns 9,582 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 102 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Trustmark by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 296 shares during the period. Comerica Bank grew its holdings in Trustmark by 0.8% during the second quarter. Comerica Bank now owns 52,507 shares of the financial services provider’s stock valued at $1,686,000 after purchasing an additional 418 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Trustmark by 12.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,436 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 844 shares during the period. Finally, Nationwide Fund Advisors grew its holdings in Trustmark by 0.5% during the second quarter. Nationwide Fund Advisors now owns 176,793 shares of the financial services provider’s stock valued at $5,686,000 after purchasing an additional 944 shares during the period. Hedge funds and other institutional investors own 62.54% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Thursday, November 30th. Trustmark’s dividend payout ratio is currently 52.57%.

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About Trustmark

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.

Earnings History and Estimates for Trustmark (NASDAQ:TRMK)

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