Wall Street brokerages forecast that Trustmark Corp (NASDAQ:TRMK) will report $152.80 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Trustmark’s earnings. The highest sales estimate is $154.30 million and the lowest is $151.20 million. Trustmark reported sales of $145.30 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.2%. The firm is scheduled to issue its next earnings report after the market closes on Tuesday, January 23rd.
On average, analysts expect that Trustmark will report full year sales of $152.80 million for the current fiscal year, with estimates ranging from $600.40 million to $611.80 million. For the next financial year, analysts anticipate that the firm will post sales of $629.57 million per share, with estimates ranging from $620.80 million to $642.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Trustmark.
Trustmark (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $153.37 million for the quarter, compared to analysts’ expectations of $154.40 million. Trustmark had a return on equity of 8.21% and a net margin of 18.56%. During the same quarter last year, the firm earned $0.47 earnings per share.
Several research analysts recently weighed in on TRMK shares. Zacks Investment Research raised Trustmark from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, September 20th. ValuEngine lowered Trustmark from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $34.00 target price on shares of Trustmark in a research report on Thursday, October 26th. BidaskClub raised Trustmark from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $36.00 target price on shares of Trustmark in a research report on Thursday, October 12th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $35.67.
Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Trustmark by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 296 shares during the period. Flinton Capital Management LLC raised its position in Trustmark by 37.6% in the second quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,216 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Trustmark in the third quarter valued at about $202,000. Riverhead Capital Management LLC raised its position in Trustmark by 38.5% in the second quarter. Riverhead Capital Management LLC now owns 7,065 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 1,965 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in Trustmark by 12.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,436 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 844 shares during the period. 62.54% of the stock is currently owned by institutional investors.
Shares of Trustmark (TRMK) traded up $0.12 on Friday, hitting $33.77. The company had a trading volume of 246,179 shares, compared to its average volume of 286,692. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2,290.00, a price-to-earnings ratio of 19.30 and a beta of 1.15. Trustmark has a twelve month low of $28.16 and a twelve month high of $35.32.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Thursday, November 30th. Trustmark’s dividend payout ratio (DPR) is currently 52.57%.
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Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.
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