Trustmark Corp (TRMK) Expected to Post Earnings of $0.48 Per Share
Equities research analysts expect Trustmark Corp (NASDAQ:TRMK) to announce earnings per share of $0.48 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Trustmark’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.46. Trustmark posted earnings of $0.44 per share in the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, January 23rd.
On average, analysts expect that Trustmark will report full year earnings of $1.77 per share for the current year, with EPS estimates ranging from $1.71 to $1.81. For the next year, analysts anticipate that the business will report earnings of $2.19 per share, with EPS estimates ranging from $2.13 to $2.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Trustmark.
Trustmark (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $153.37 million for the quarter, compared to analysts’ expectations of $154.40 million. Trustmark had a net margin of 18.56% and a return on equity of 8.21%. During the same quarter in the prior year, the firm posted $0.47 earnings per share.
TRMK has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Trustmark from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, September 20th. ValuEngine cut shares of Trustmark from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 price target on shares of Trustmark in a research report on Thursday, October 26th. BidaskClub raised shares of Trustmark from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $36.00 price target on shares of Trustmark in a research report on Thursday, October 12th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Trustmark currently has an average rating of “Hold” and an average price target of $35.67.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank raised its holdings in shares of 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 raised its holdings in shares of 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. Raymond James Financial Services Advisors Inc. raised its holdings in shares of 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. Nationwide Fund Advisors raised its holdings in shares of 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. Finally, Pinebridge Investments L.P. raised its holdings in shares of Trustmark by 3.4% during the second quarter. Pinebridge Investments L.P. now owns 35,948 shares of the financial services provider’s stock valued at $1,156,000 after purchasing an additional 1,173 shares during the period. Hedge funds and other institutional investors own 62.54% of the company’s stock.
Shares of Trustmark (NASDAQ:TRMK) traded up $0.12 on Thursday, reaching $33.77. 246,179 shares of the company’s stock were exchanged, compared to its average volume of 280,624. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2,287.65, a PE ratio of 19.30 and a beta of 1.16. Trustmark has a twelve month low of $28.16 and a twelve month high of $35.32.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.23 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. Trustmark’s dividend payout ratio is currently 52.57%.
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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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