Trustmark Co. (NASDAQ:TRMK) Expected to Post Earnings of $0.47 Per Share

Equities research analysts expect Trustmark Co. (NASDAQ:TRMK) to report $0.47 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have provided estimates for Trustmark’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.53. Trustmark reported earnings of $0.81 per share during the same quarter last year, which would suggest a negative year over year growth rate of 42%. The business is expected to report its next earnings results after the market closes on Tuesday, January 25th.

On average, analysts expect that Trustmark will report full-year earnings of $2.39 per share for the current financial year, with EPS estimates ranging from $2.34 to $2.45. For the next financial year, analysts forecast that the firm will post earnings of $1.93 per share, with EPS estimates ranging from $1.90 to $2.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that cover Trustmark.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Monday, October 25th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Trustmark had a return on equity of 10.31% and a net margin of 24.38%. The company had revenue of $155.30 million during the quarter, compared to the consensus estimate of $155.20 million. During the same period in the previous year, the company posted $0.86 earnings per share. Trustmark’s revenue for the quarter was down 15.1% on a year-over-year basis.

Separately, Zacks Investment Research downgraded Trustmark from a “buy” rating to a “hold” rating in a report on Saturday, October 30th.

In other news, Director Tracy T. Conerly sold 1,451 shares of the company’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $33.45, for a total transaction of $48,535.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in TRMK. Meeder Asset Management Inc. increased its position in shares of Trustmark by 63.1% during the third quarter. Meeder Asset Management Inc. now owns 827 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 320 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Trustmark by 58.8% during the second quarter. Panagora Asset Management Inc. now owns 2,260 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 837 shares in the last quarter. Point72 Hong Kong Ltd increased its position in shares of Trustmark by 3,045.9% during the third quarter. Point72 Hong Kong Ltd now owns 2,328 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 2,254 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Trustmark during the third quarter worth approximately $201,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Trustmark during the third quarter worth approximately $206,000. 64.79% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:TRMK opened at $35.25 on Friday. Trustmark has a 12-month low of $27.23 and a 12-month high of $36.31. The company has a market capitalization of $2.20 billion, a PE ratio of 12.91 and a beta of 0.95. The business has a 50 day moving average of $32.88 and a two-hundred day moving average of $31.81. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. Stockholders of record on Wednesday, December 1st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Tuesday, November 30th. Trustmark’s payout ratio is 33.70%.

Trustmark Company Profile

Trustmark Corp. is a bank holding company. The firm engages in the provision of banking, wealth management and insurance solutions. It operates through the following segments: General Banking, Wealth Management and Insurance. The General Banking segment offers traditional banking products & services, including commercial and consumer banking services, such as checking accounts, savings programs, overdraft facilities, commercial, installment & real estate loans, home equity loans, lines of credit, drive-in & night deposit services and safe deposit facilities.

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Earnings History and Estimates for Trustmark (NASDAQ:TRMK)

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