Trustmark Corp. (TRMK) Set to Announce Earnings on Wednesday
Trustmark Corp. (NASDAQ:TRMK) is scheduled to be releasing its earnings data on Wednesday, November 16th.
Trustmark Corp. (NASDAQ:TRMK) last issued its earnings results on Tuesday, October 25th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Trustmark Corp. had a return on equity of 7.57% and a net margin of 17.85%. The business earned $146.89 million during the quarter, compared to analyst estimates of $147.15 million. During the same period in the previous year, the company posted $0.42 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, analysts expect Trustmark Corp. to post $1.68 EPS for the current fiscal year and $1.75 EPS for the next fiscal year.
Shares of Trustmark Corp. (NASDAQ:TRMK) opened at 31.24 on Monday. Trustmark Corp. has a 12 month low of $19.75 and a 12 month high of $31.37. The company has a 50-day moving average price of $27.77 and a 200-day moving average price of $26.21. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 19.72 and a beta of 0.92.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.23 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.92 dividend on an annualized basis and a yield of 2.94%. Trustmark Corp.’s dividend payout ratio is presently 57.86%.
A number of research analysts have recently issued reports on the company. Zacks Investment Research cut Trustmark Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 16th. Keefe, Bruyette & Woods raised Trustmark Corp. from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $23.00 to $25.00 in a research note on Thursday, July 28th. Finally, Jefferies Group raised their price objective on Trustmark Corp. from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, July 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Trustmark Corp. has an average rating of “Hold” and a consensus target price of $26.75.
Several hedge funds have recently bought and sold shares of the company. State of Tennessee Treasury Department raised its stake in Trustmark Corp. by 18.2% in the second quarter. State of Tennessee Treasury Department now owns 130,000 shares of the financial services provider’s stock worth $3,231,000 after buying an additional 20,000 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in Trustmark Corp. during the second quarter worth $689,000. Profund Advisors LLC raised its stake in Trustmark Corp. by 16.3% in the second quarter. Profund Advisors LLC now owns 15,649 shares of the financial services provider’s stock worth $389,000 after buying an additional 2,198 shares in the last quarter. Cipher Capital LP raised its stake in Trustmark Corp. by 30.6% in the second quarter. Cipher Capital LP now owns 38,516 shares of the financial services provider’s stock worth $957,000 after buying an additional 9,035 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Trustmark Corp. during the second quarter worth $406,000. Institutional investors own 61.19% 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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