Trustmark (TRMK) Set to Announce Quarterly Earnings on Tuesday

Trustmark (NASDAQ:TRMK) is scheduled to announce its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Trustmark (NASDAQ:TRMK) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $189.85 million for the quarter, compared to analyst estimates of $187.63 million. Trustmark had a net margin of 15.06% and a return on equity of 10.77%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS. On average, analysts expect Trustmark to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Trustmark Price Performance

Shares of NASDAQ:TRMK opened at $26.04 on Tuesday. Trustmark has a one year low of $18.96 and a one year high of $28.65. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 9.61 and a beta of 0.82. The company’s fifty day moving average price is $26.80 and its 200-day moving average price is $25.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.84.

Trustmark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.53%. Trustmark’s dividend payout ratio (DPR) is 33.95%.

Institutional Investors Weigh In On Trustmark

Large investors have recently bought and sold shares of the business. FMR LLC increased its position in Trustmark by 1.3% during the second quarter. FMR LLC now owns 27,900 shares of the financial services provider’s stock valued at $814,000 after acquiring an additional 349 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of Trustmark by 2.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 15,097 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 389 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Trustmark by 1.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 23,981 shares of the financial services provider’s stock valued at $837,000 after purchasing an additional 399 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Trustmark by 1.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 31,861 shares of the financial services provider’s stock valued at $930,000 after purchasing an additional 410 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Trustmark by 0.3% during the fourth quarter. Legal & General Group Plc now owns 167,034 shares of the financial services provider’s stock valued at $4,657,000 after purchasing an additional 546 shares during the period. Institutional investors own 67.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of Trustmark from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Piper Sandler reiterated a “neutral” rating and issued a $29.00 price target on shares of Trustmark in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods raised their price objective on shares of Trustmark from $27.00 to $30.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. DA Davidson restated a “neutral” rating on shares of Trustmark in a research note on Monday, January 15th. Finally, TheStreet raised shares of Trustmark from a “c+” rating to a “b” rating in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.67.

Trustmark Company Profile

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.