Trustmark (NASDAQ:TRMK – Get Rating) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.14), Briefing.com reports. Trustmark had a return on equity of 8.17% and a net margin of 19.12%. The firm had revenue of $225.13 million for the quarter, compared to analysts’ expectations of $196.87 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share.
Trustmark Trading Down 11.1 %
NASDAQ:TRMK traded down $3.66 during trading hours on Wednesday, hitting $29.36. The company had a trading volume of 182,919 shares, compared to its average volume of 269,395. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $34.95 and a 200 day moving average of $33.57. The company has a market cap of $1.79 billion, a P/E ratio of 14.00 and a beta of 0.86. Trustmark has a 1 year low of $26.67 and a 1 year high of $38.47.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on TRMK. DA Davidson began coverage on Trustmark in a research report on Monday, January 9th. They set a “neutral” rating and a $38.00 price target for the company. Hovde Group boosted their price target on Trustmark to $38.00 in a research report on Tuesday, November 1st. Finally, StockNews.com began coverage on Trustmark in a research report on Wednesday, October 12th. They set a “hold” rating for the company.
Institutional Trading of Trustmark
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 operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; 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, as well as treasury management services.
- Get a free copy of the StockNews.com research report on Trustmark (TRMK)
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