Brokerages forecast that Trustmark Corp (NASDAQ:TRMK) will report $0.58 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Trustmark’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.57. Trustmark reported earnings per share of $0.55 during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, January 22nd.
According to Zacks, analysts expect that Trustmark will report full-year earnings of $2.37 per share for the current year, with EPS estimates ranging from $2.36 to $2.38. For the next year, analysts anticipate that the business will report earnings of $2.23 per share, with EPS estimates ranging from $2.17 to $2.27. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Trustmark.
Trustmark (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The business had revenue of $160.05 million during the quarter, compared to the consensus estimate of $160.21 million. Trustmark had a net margin of 21.68% and a return on equity of 9.51%. Trustmark’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS.
A number of large investors have recently added to or reduced their stakes in the stock. Dupont Capital Management Corp raised its stake in Trustmark by 10.3% during the 3rd quarter. Dupont Capital Management Corp now owns 3,634 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 338 shares during the last quarter. Metropolitan Life Insurance Co NY raised its stake in Trustmark by 1.1% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 37,469 shares of the financial services provider’s stock valued at $1,278,000 after purchasing an additional 418 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Trustmark by 5.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,320 shares of the financial services provider’s stock valued at $318,000 after purchasing an additional 465 shares during the last quarter. Strs Ohio raised its stake in Trustmark by 45.5% during the 3rd quarter. Strs Ohio now owns 1,600 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 500 shares during the last quarter. Finally, ETRADE Capital Management LLC raised its stake in Trustmark by 2.3% during the 2nd quarter. ETRADE Capital Management LLC now owns 23,967 shares of the financial services provider’s stock valued at $797,000 after purchasing an additional 546 shares during the last quarter. Hedge funds and other institutional investors own 66.70% of the company’s stock.
Shares of NASDAQ TRMK traded down $0.30 during trading hours on Friday, hitting $34.48. 187,485 shares of the stock were exchanged, compared to its average volume of 175,481. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.85 and a quick ratio of 0.83. The company’s 50 day moving average is $34.72 and its 200 day moving average is $33.92. The firm has a market capitalization of $2.23 billion, a P/E ratio of 15.60 and a beta of 1.09. Trustmark has a one year low of $27.52 and a one year high of $36.63.
The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.67%. The ex-dividend date was Wednesday, November 27th. Trustmark’s payout ratio is currently 41.63%.
About Trustmark
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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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.
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