Equities research analysts forecast that Trustmark Corp (NASDAQ:TRMK) will post $0.53 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Trustmark’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.52. Trustmark posted earnings per share of $0.54 in the same quarter last year, which would suggest a negative year over year growth rate of 1.9%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, April 23rd.

According to Zacks, analysts expect that Trustmark will report full-year earnings of $2.23 per share for the current year, with EPS estimates ranging from $2.20 to $2.25. For the next year, analysts anticipate that the firm will report earnings of $2.25 per share, with EPS estimates ranging from $2.18 to $2.30. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Trustmark.

Trustmark (NASDAQ:TRMK) last issued its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $151.97 million during the quarter, compared to the consensus estimate of $152.00 million. Trustmark had a return on equity of 9.43% and a net margin of 21.89%. During the same period last year, the business posted $0.48 earnings per share.

A number of analysts recently commented on the company. BidaskClub raised Trustmark from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Zacks Investment Research downgraded Trustmark from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. Keefe, Bruyette & Woods downgraded Trustmark from a “market perform” rating to an “underperform” rating and set a $34.00 price target for the company. in a research report on Tuesday, March 19th. Stephens set a $32.00 price target on Trustmark and gave the company a “hold” rating in a research report on Friday, January 25th. Finally, Raymond James downgraded Trustmark from a “market perform” rating to an “underperform” rating in a research report on Monday, January 7th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Trustmark has an average rating of “Hold” and a consensus target price of $34.17.

In other Trustmark news, insider Harry M. Walker sold 1,880 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.57, for a total transaction of $66,871.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles Scott Woods sold 2,500 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $31.50, for a total value of $78,750.00. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legacy Advisors LLC bought a new position in Trustmark during the first quarter valued at $67,000. Deutsche Bank AG grew its holdings in Trustmark by 17.7% during the fourth quarter. Deutsche Bank AG now owns 247,157 shares of the financial services provider’s stock valued at $7,025,000 after purchasing an additional 37,187 shares during the period. Geode Capital Management LLC grew its holdings in Trustmark by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 768,479 shares of the financial services provider’s stock valued at $21,847,000 after purchasing an additional 38,130 shares during the period. Norges Bank bought a new position in Trustmark during the fourth quarter valued at $22,288,000. Finally, FMR LLC grew its holdings in Trustmark by 135.3% during the fourth quarter. FMR LLC now owns 1,075,732 shares of the financial services provider’s stock valued at $30,584,000 after purchasing an additional 618,637 shares during the period. 67.96% of the stock is owned by institutional investors and hedge funds.

Shares of TRMK traded down $0.44 on Monday, reaching $34.45. 221,478 shares of the company’s stock traded hands, compared to its average volume of 431,235. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 15.59 and a beta of 1.07. Trustmark has a 52-week low of $26.84 and a 52-week high of $36.32.

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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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.

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Earnings History and Estimates for Trustmark (NASDAQ:TRMK)

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