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

Equities analysts expect Trustmark Co. (NASDAQ:TRMKGet Rating) to report earnings of $0.47 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Trustmark’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.46. Trustmark reported earnings of $0.76 per share during the same quarter last year, which indicates a negative year over year growth rate of 38.2%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Trustmark will report full-year earnings of $1.94 per share for the current fiscal year, with EPS estimates ranging from $1.83 to $2.10. For the next year, analysts expect that the firm will post earnings of $2.41 per share, with EPS estimates ranging from $2.32 to $2.55. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Trustmark.

Trustmark (NASDAQ:TRMKGet Rating) last released its earnings results on Tuesday, April 26th. The financial services provider reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.07. Trustmark had a net margin of 21.80% and a return on equity of 8.89%. During the same quarter last year, the business posted $0.82 earnings per share.

A number of research analysts have weighed in on TRMK shares. Zacks Investment Research raised shares of Trustmark from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research report on Tuesday, April 5th. StockNews.com started coverage on shares of Trustmark in a research report on Thursday, March 31st. They set a “hold” rating for the company.

Large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. increased its holdings in shares of Trustmark by 63.1% during the 3rd 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 during the period. Point72 Hong Kong Ltd increased its holdings in shares of Trustmark by 3,045.9% during the 3rd 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 during the period. Gibson Wealth Advisors LLC bought a new position in shares of Trustmark during the 4th quarter worth about $149,000. Jump Financial LLC bought a new position in shares of Trustmark during the 3rd quarter worth about $201,000. Finally, Janus Henderson Group PLC bought a new position in shares of Trustmark during the 3rd quarter worth about $206,000. Institutional investors own 65.10% of the company’s stock.

Trustmark stock opened at $27.88 on Wednesday. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 11.91 and a beta of 0.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.81. Trustmark has a fifty-two week low of $27.73 and a fifty-two week high of $35.30. The firm has a fifty day moving average price of $30.57 and a two-hundred day moving average price of $32.09.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, May 31st. This represents a $0.92 annualized dividend and a dividend yield of 3.30%. Trustmark’s payout ratio is 39.32%.

About Trustmark (Get Rating)

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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