Trustmark Corporation (TRMK) Set to Announce Earnings on Tuesday
Trustmark Corporation (NASDAQ:TRMK) is set to post its quarterly earnings results after the market closes on Tuesday, October 24th. Analysts expect Trustmark Corporation to post earnings of $0.48 per share for the quarter.
Trustmark Corporation (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. Trustmark Corporation had a net margin of 18.35% and a return on equity of 8.04%. The company had revenue of $157.10 million during the quarter, compared to analyst estimates of $152.57 million. During the same quarter last year, the business posted $0.40 EPS. On average, analysts expect Trustmark Corporation to post $1.75 EPS for the current fiscal year and $1.99 EPS for the next fiscal year.
Shares of Trustmark Corporation (NASDAQ:TRMK) opened at 33.77 on Friday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 19.89 and a beta of 1.17. The company’s 50-day moving average is $31.84 and its 200-day moving average is $31.78. Trustmark Corporation has a one year low of $26.81 and a one year high of $36.79.
In related news, insider Charles Scott Woods sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $32.00, for a total value of $32,000.00. Following the sale, the insider now owns 13,344 shares of the company’s stock, valued at $427,008. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is owned by company insiders.
Several brokerages recently weighed in on TRMK. Stephens set a $35.00 target price on shares of Trustmark Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Zacks Investment Research cut shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub raised shares of Trustmark Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, ValuEngine cut shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Trustmark Corporation presently has an average rating of “Hold” and a consensus target price of $33.80.
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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.
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