Trustmark (TRMK) Set to Announce Quarterly Earnings on Tuesday

Trustmark (NASDAQ:TRMK) will be issuing its quarterly earnings data after the market closes on Tuesday, July 23rd. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. Trustmark had a return on equity of 10.04% and a net margin of 13.82%. The firm had revenue of $288.55 million for the quarter, compared to analysts’ expectations of $187.03 million. During the same period in the prior year, the business posted $0.82 earnings per share. On average, analysts expect Trustmark to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Trustmark Stock Performance

Shares of NASDAQ:TRMK opened at $33.76 on Monday. The business’s fifty day moving average price is $29.76 and its two-hundred day moving average price is $28.22. Trustmark has a fifty-two week low of $18.96 and a fifty-two week high of $34.50. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 13.14 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83.

Trustmark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Friday, May 31st. Trustmark’s dividend payout ratio (DPR) is 35.80%.

Analysts Set New Price Targets

A number of analysts have weighed in on TRMK shares. StockNews.com upgraded Trustmark from a “sell” rating to a “hold” rating in a research report on Saturday, April 27th. Truist Financial lowered their price target on Trustmark from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. DA Davidson increased their target price on Trustmark from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Keefe, Bruyette & Woods upgraded Trustmark from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $30.00 to $36.00 in a report on Thursday, April 25th. Finally, Piper Sandler restated a “neutral” rating and set a $29.00 target price on shares of Trustmark in a report on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Trustmark has an average rating of “Hold” and a consensus price target of $32.50.

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.