Equities analysts predict that Trustmark Corporation (NASDAQ:TRMK) will announce earnings of $0.47 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Trustmark Corporation’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.48. Trustmark Corporation reported earnings per share of $0.44 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.8%. The company is expected to report its next quarterly earnings report on Tuesday, January 23rd.
On average, analysts expect that Trustmark Corporation will report full-year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.81. For the next year, analysts expect that the company will report earnings of $1.96 per share, with EPS estimates ranging from $1.87 to $2.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Trustmark Corporation.
Trustmark Corporation (NASDAQ:TRMK) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. Trustmark Corporation had a net margin of 18.56% and a return on equity of 8.21%. The company had revenue of $153.37 million for the quarter, compared to the consensus estimate of $154.40 million. During the same period last year, the firm posted $0.47 EPS.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Trustmark Corporation from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Wednesday, September 20th. ValuEngine raised shares of Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Trustmark Corporation in a research note on Thursday, October 12th. Stephens set a $35.00 price objective on shares of Trustmark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Trustmark Corporation in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $34.40.
Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Trustmark Corporation by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock worth $107,000 after buying an additional 296 shares during the period. Creative Planning boosted its holdings in shares of Trustmark Corporation by 7.0% during the second quarter. Creative Planning now owns 3,705 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 241 shares during the period. Flinton Capital Management LLC boosted its holdings in shares of Trustmark Corporation by 37.6% during the second quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,216 shares during the period. LS Investment Advisors LLC boosted its holdings in shares of Trustmark Corporation by 21.1% during the second quarter. LS Investment Advisors LLC now owns 5,411 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 941 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Trustmark Corporation during the third quarter worth approximately $202,000. Institutional investors own 62.67% of the company’s stock.
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Trustmark Corporation (NASDAQ TRMK) traded up $0.08 during mid-day trading on Friday, hitting $32.94. 186,900 shares of the company were exchanged, compared to its average volume of 291,748. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.74 and a current ratio of 0.76. Trustmark Corporation has a 1-year low of $28.16 and a 1-year high of $36.79. The firm has a market cap of $2,226.01, a PE ratio of 17.48 and a beta of 1.16.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Thursday, November 30th. Trustmark Corporation’s payout ratio is 52.57%.
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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