Research Analysts Issue Forecasts for Trustmark Corp.’s Q1 2017 Earnings (TRMK)
Trustmark Corp. (NASDAQ:TRMK) – Analysts at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for shares of Trustmark Corp. in a research report issued to clients and investors on Tuesday. Jefferies Group analyst E. Harmon anticipates that the firm will earn $0.41 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $26.00 target price on the stock. Jefferies Group also issued estimates for Trustmark Corp.’s Q2 2017 earnings at $0.44 EPS, Q3 2017 earnings at $0.48 EPS and Q4 2017 earnings at $0.47 EPS.
Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Trustmark Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. Keefe, Bruyette & Woods raised shares of Trustmark Corp. from an “underperform” rating to a “market perform” rating and raised their target price for the company from $23.00 to $25.00 in a research note on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $26.75.
Shares of Trustmark Corp. (NASDAQ:TRMK) traded down 2.23% during trading on Thursday, reaching $27.13. 218,945 shares of the company traded hands. Trustmark Corp. has a 12 month low of $19.75 and a 12 month high of $28.71. The firm has a market capitalization of $1.83 billion, a PE ratio of 17.50 and a beta of 1.13. The firm has a 50-day moving average price of $27.84 and a 200-day moving average price of $25.50.
Trustmark Corp. (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. Trustmark Corp. had a net margin of 17.44% and a return on equity of 7.47%. During the same quarter last year, the business earned $0.45 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 3.32%. Trustmark Corp.’s dividend payout ratio (DPR) is 59.36%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Trustmark Corp. by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,306,569 shares of the financial services provider’s stock valued at $107,017,000 after buying an additional 557,405 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Trustmark Corp. by 123.2% in the second quarter. JPMorgan Chase & Co. now owns 787,222 shares of the financial services provider’s stock valued at $19,562,000 after buying an additional 434,479 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Trustmark Corp. by 5.3% in the second quarter. BlackRock Fund Advisors now owns 6,822,017 shares of the financial services provider’s stock valued at $169,527,000 after buying an additional 341,451 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Trustmark Corp. by 153.7% in the first quarter. Renaissance Technologies LLC now owns 547,504 shares of the financial services provider’s stock valued at $12,609,000 after buying an additional 331,700 shares during the last quarter. Finally, Numeric Investors LLC purchased a new position in shares of Trustmark Corp. during the second quarter valued at approximately $6,739,000. Institutional investors own 61.26% of the company’s stock.
About Trustmark Corp.
Trustmark Corporation (Trustmark) is a bank holding company. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and other subsidiaries, Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama, Florida, Mississippi, Tennessee and Texas.
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