Wall Street brokerages expect Trustmark Corp (NASDAQ:TRMK) to announce earnings per share of $0.62 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Trustmark’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.61. Trustmark posted earnings of $0.54 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 14.8%. The firm is scheduled to issue its next earnings report on Tuesday, October 22nd.
On average, analysts expect that Trustmark will report full-year earnings of $2.32 per share for the current fiscal year, with EPS estimates ranging from $2.27 to $2.35. For the next financial year, analysts anticipate that the business will post earnings of $2.31 per share, with EPS estimates ranging from $2.21 to $2.36. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Trustmark.
Trustmark (NASDAQ:TRMK) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The company had revenue of $157.40 million during the quarter, compared to analysts’ expectations of $156.35 million. Trustmark had a return on equity of 9.28% and a net margin of 21.20%. During the same period last year, the firm earned $0.59 EPS.
Several institutional investors have recently made changes to their positions in TRMK. JPMorgan Chase & Co. grew its stake in shares of Trustmark by 110.9% during the first quarter. JPMorgan Chase & Co. now owns 1,543,380 shares of the financial services provider’s stock worth $51,904,000 after purchasing an additional 811,674 shares during the period. Norges Bank acquired a new stake in shares of Trustmark during the fourth quarter worth $22,288,000. FMR LLC grew its stake in shares of Trustmark by 135.3% during the fourth quarter. FMR LLC now owns 1,075,732 shares of the financial services provider’s stock worth $30,584,000 after purchasing an additional 618,637 shares during the period. APG Asset Management N.V. grew its stake in shares of Trustmark by 176.0% during the second quarter. APG Asset Management N.V. now owns 420,600 shares of the financial services provider’s stock worth $12,280,000 after purchasing an additional 268,200 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Trustmark by 64.9% during the second quarter. Acadian Asset Management LLC now owns 553,850 shares of the financial services provider’s stock worth $18,416,000 after purchasing an additional 217,956 shares during the period. 67.14% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ TRMK traded down $1.17 during midday trading on Wednesday, hitting $33.53. The stock had a trading volume of 348,951 shares, compared to its average volume of 379,691. The stock has a 50-day simple moving average of $33.64. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 15.36 and a beta of 1.08. Trustmark has a fifty-two week low of $26.84 and a fifty-two week high of $36.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.84.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Sunday, September 1st will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. Trustmark’s dividend payout ratio (DPR) is presently 41.63%.
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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