Trustmark Corporation (NASDAQ:TRMK) – Research analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Trustmark Corporation in a research note issued to investors on Tuesday. Jefferies Group analyst C. Haire expects that the financial services provider will post earnings of $0.44 per share for the quarter. Jefferies Group has a “Hold” rating and a $36.00 price target on the stock. Jefferies Group also issued estimates for Trustmark Corporation’s Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.52 EPS and Q4 2018 earnings at $0.49 EPS.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Trustmark Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine raised Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Stephens set a $34.00 price objective on Trustmark Corporation and gave the company a “hold” rating in a research note on Monday, August 7th. Finally, BidaskClub downgraded Trustmark Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $33.80.

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Shares of Trustmark Corporation (TRMK) opened at 33.29 on Thursday. The company has a market capitalization of $2.26 billion, a P/E ratio of 19.61 and a beta of 1.17. The firm has a 50 day moving average price of $31.30 and a 200 day moving average price of $31.70. Trustmark Corporation has a one year low of $26.81 and a one year high of $36.79.

Trustmark Corporation (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.03. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. The company had revenue of $157.10 million during the quarter, compared to the consensus estimate of $152.57 million. During the same period in the prior year, the company earned $0.40 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Wednesday, August 30th. Trustmark Corporation’s payout ratio is 54.12%.

In related news, insider Charles Scott Woods sold 1,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $32.00, for a total value of $32,000.00. Following the completion of the sale, the insider now directly owns 13,344 shares of the company’s stock, valued at approximately $427,008. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.37% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Trustmark Corporation by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock valued at $107,000 after buying an additional 296 shares in the last quarter. Creative Planning increased its position in Trustmark Corporation by 7.0% in the 2nd quarter. Creative Planning now owns 3,705 shares of the financial services provider’s stock valued at $119,000 after buying an additional 241 shares in the last quarter. Flinton Capital Management LLC increased its position in Trustmark Corporation by 37.6% in the 2nd quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock valued at $143,000 after buying an additional 1,216 shares in the last quarter. Integrated Investment Consultants LLC increased its position in Trustmark Corporation by 13.8% in the 2nd quarter. Integrated Investment Consultants LLC now owns 4,925 shares of the financial services provider’s stock valued at $158,000 after buying an additional 598 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in Trustmark Corporation by 21.1% in the 2nd quarter. LS Investment Advisors LLC now owns 5,411 shares of the financial services provider’s stock valued at $174,000 after buying an additional 941 shares in the last quarter. 62.36% of the stock is owned by institutional investors and hedge funds.

About Trustmark Corporation

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 Corporation (NASDAQ:TRMK)

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