Trustmark (NASDAQ:TRMK – Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.02, Yahoo Finance reports. Trustmark had a net margin of 16.24% and a return on equity of 9.32%. The firm had revenue of $192.30 million for the quarter, compared to analyst estimates of $192.77 million. During the same period in the previous year, the business earned $0.64 EPS.
Trustmark Price Performance
Shares of NASDAQ TRMK opened at $34.46 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average price is $32.60 and its two-hundred day moving average price is $30.90. The company has a market cap of $2.11 billion, a PE ratio of 13.41 and a beta of 0.73. Trustmark has a twelve month low of $18.96 and a twelve month high of $35.75.
Trustmark Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Friday, November 29th. Trustmark’s payout ratio is currently 35.80%.
Analysts Set New Price Targets
View Our Latest Report on TRMK
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.
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