Equities analysts expect that Trustmark (NASDAQ:TRMK) will post earnings of $0.50 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Trustmark’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.52. Trustmark reported earnings of $0.46 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The firm is expected to report its next earnings results after the market closes on Tuesday, April 24th.
On average, analysts expect that Trustmark will report full year earnings of $2.16 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.26. For the next financial year, analysts expect that the company will post earnings of $2.31 per share, with EPS estimates ranging from $2.27 to $2.40. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Trustmark.
Trustmark (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. Trustmark had a net margin of 16.15% and a return on equity of 8.35%. The company had revenue of $153.06 million during the quarter, compared to analysts’ expectations of $152.80 million. During the same period in the previous year, the company earned $0.43 EPS.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Trustmark from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Saturday, January 13th. BidaskClub raised shares of Trustmark from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Stephens reissued a “hold” rating and set a $34.00 price objective on shares of Trustmark in a research note on Thursday, January 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 price objective on shares of Trustmark in a research note on Thursday, January 25th. Finally, SunTrust Banks reissued a “hold” rating and set a $38.00 price objective on shares of Trustmark in a research note on Tuesday, January 9th. Eight equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $34.00.
Institutional investors have recently made changes to their positions in the stock. Paloma Partners Management Co purchased a new stake in Trustmark during the 4th quarter worth $220,000. Sciencast Management LP purchased a new stake in Trustmark during the 4th quarter worth $233,000. Public Employees Retirement System of Ohio boosted its position in Trustmark by 107.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,468 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 3,870 shares during the period. Xact Kapitalforvaltning AB purchased a new stake in Trustmark during the 4th quarter worth $257,000. Finally, Jane Street Group LLC purchased a new stake in Trustmark during the 3rd quarter worth $274,000. 63.19% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ TRMK opened at $30.49 on Thursday. Trustmark has a 52-week low of $28.16 and a 52-week high of $35.09. The firm has a market cap of $2,139.59, a PE ratio of 16.30 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.92 dividend on an annualized basis and a yield of 3.02%. Trustmark’s dividend payout ratio (DPR) is 47.92%.
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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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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.
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