Equities research analysts predict that Trustmark Corp (NASDAQ:TRMK) will report earnings of $0.62 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Trustmark’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.63. Trustmark reported earnings of $0.54 per share in the same quarter last year, which would indicate a positive year over year growth rate of 14.8%. The firm is expected to issue its next quarterly earnings results on Tuesday, October 22nd.
On average, analysts expect that Trustmark will report full-year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.32 to $2.36. For the next year, analysts anticipate that the business will post earnings of $2.27 per share, with EPS estimates ranging from $2.17 to $2.33. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Trustmark.
Trustmark (NASDAQ:TRMK) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The firm had revenue of $157.40 million during the quarter, compared to the consensus estimate of $156.35 million. Trustmark had a return on equity of 9.28% and a net margin of 21.20%. During the same quarter in the previous year, the company posted $0.59 EPS.
In related news, insider Breck W. Tyler sold 19,398 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $33.70, for a total transaction of $653,712.60. Following the completion of the transaction, the insider now directly owns 23,656 shares of the company’s stock, valued at approximately $797,207.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Nomura Holdings Inc. purchased a new position in shares of Trustmark during the 2nd quarter valued at $663,000. Nuveen Asset Management LLC purchased a new stake in shares of Trustmark during the second quarter valued at approximately $10,426,000. D. E. Shaw & Co. Inc. grew its holdings in shares of Trustmark by 250.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 22,994 shares of the financial services provider’s stock valued at $765,000 after buying an additional 16,440 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Trustmark during the second quarter valued at approximately $201,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Trustmark during the second quarter valued at approximately $441,000. 66.67% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ TRMK traded up $0.45 during midday trading on Friday, hitting $34.03. The stock had a trading volume of 27,023 shares, compared to its average volume of 251,527. The company’s 50-day simple moving average is $33.60 and its 200 day simple moving average is $33.73. The firm has a market cap of $2.20 billion, a P/E ratio of 15.40 and a beta of 1.10. 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 current ratio of 0.84 and a quick ratio of 0.82.
The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, August 29th. Trustmark’s payout ratio is 41.63%.
Trustmark Company Profile
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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