Trustmark Corp (NASDAQ:TRMK) declared a quarterly dividend on Tuesday, January 23rd, Zacks reports. Investors of record on Thursday, March 1st will be paid a dividend of 0.23 per share by the financial services provider on Thursday, March 15th. This represents a $0.92 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, February 28th.
Trustmark (NASDAQ:TRMK) traded down $0.48 during midday trading on Friday, reaching $32.02. The company’s stock had a trading volume of 252,600 shares, compared to its average volume of 292,719. The company has a market cap of $2,204.09, a PE ratio of 16.93 and a beta of 1.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. Trustmark has a 12-month low of $28.16 and a 12-month high of $35.09.
Trustmark (NASDAQ:TRMK) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $153.06 million for the quarter, compared to analysts’ expectations of $152.80 million. Trustmark had a return on equity of 8.35% and a net margin of 16.15%. During the same quarter in the previous year, the business posted $0.43 EPS. sell-side analysts forecast that Trustmark will post 2.15 earnings per share for the current fiscal year.
Several equities research analysts have commented on TRMK shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 target price on shares of Trustmark in a research note on Thursday, October 26th. ValuEngine cut Trustmark from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. BidaskClub cut Trustmark from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. SunTrust Banks reiterated a “hold” rating and set a $38.00 price objective on shares of Trustmark in a research note on Tuesday, January 9th. Finally, Zacks Investment Research upgraded Trustmark from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Saturday, January 13th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $34.50.
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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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