Wall Street analysts predict that Trustmark Corp (NASDAQ:TRMK) will announce $0.58 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Trustmark’s earnings. The highest EPS estimate is $0.59 and the lowest is $0.57. Trustmark posted earnings of $0.55 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 5.5%. The firm is scheduled to issue its next earnings report on Wednesday, January 22nd.
According to Zacks, analysts expect that Trustmark will report full year earnings of $2.37 per share for the current year, with EPS estimates ranging from $2.36 to $2.38. For the next financial year, analysts forecast that the company will post earnings of $2.23 per share, with EPS estimates ranging from $2.17 to $2.27. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Trustmark.
Trustmark (NASDAQ:TRMK) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. The company had revenue of $160.05 million for the quarter, compared to analysts’ expectations of $160.21 million. Trustmark had a return on equity of 9.51% and a net margin of 21.68%. Trustmark’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS.
Shares of TRMK stock traded up $0.16 during trading hours on Friday, reaching $34.59. 156,569 shares of the company traded hands, compared to its average volume of 327,598. The firm has a 50-day moving average price of $34.62 and a 200 day moving average price of $33.69. The company has a market cap of $2.22 billion, a P/E ratio of 15.65 and a beta of 1.09. Trustmark has a 12-month low of $26.84 and a 12-month high of $36.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.85 and a quick ratio of 0.83.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.66%. Trustmark’s dividend payout ratio (DPR) is 41.63%.
Several hedge funds and other institutional investors have recently bought and sold shares of TRMK. Oregon Public Employees Retirement Fund grew its holdings in shares of Trustmark by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 26,880 shares of the financial services provider’s stock valued at $894,000 after purchasing an additional 373 shares in the last quarter. First Midwest Bank Trust Division lifted its position in Trustmark by 123.4% during the second quarter. First Midwest Bank Trust Division now owns 14,852 shares of the financial services provider’s stock valued at $494,000 after purchasing an additional 8,205 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Trustmark in the 2nd quarter worth about $49,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Trustmark in the second quarter worth about $508,000. Finally, Envestnet Asset Management Inc. increased its stake in Trustmark by 8.5% during the second quarter. Envestnet Asset Management Inc. now owns 23,764 shares of the financial services provider’s stock worth $790,000 after acquiring an additional 1,860 shares during the last quarter. Hedge funds and other institutional investors own 66.67% of the company’s stock.
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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