Analysts forecast that Trustmark Corp (NASDAQ:TRMK) will report $0.46 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Trustmark’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.53. Trustmark posted earnings of $0.51 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 9.8%. The business is scheduled to issue its next quarterly earnings report on Tuesday, April 28th.
On average, analysts expect that Trustmark will report full year earnings of $1.95 per share for the current year, with EPS estimates ranging from $1.80 to $2.15. For the next fiscal year, analysts forecast that the firm will post earnings of $1.92 per share, with EPS estimates ranging from $1.80 to $2.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Trustmark.
Trustmark (NASDAQ:TRMK) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.03). Trustmark had a net margin of 21.18% and a return on equity of 9.38%. The firm had revenue of $156.30 million for the quarter, compared to analysts’ expectations of $156.19 million. During the same period in the previous year, the company earned $0.55 EPS. The company’s revenue was up 2.8% on a year-over-year basis.
NASDAQ:TRMK traded up $1.81 during midday trading on Monday, reaching $23.90. 401,900 shares of the stock traded hands, compared to its average volume of 356,183. Trustmark has a 12-month low of $20.47 and a 12-month high of $36.63. The business has a 50-day moving average of $28.17 and a two-hundred day moving average of $32.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.84 and a current ratio of 0.86. The stock has a market capitalization of $1.51 billion, a PE ratio of 10.26 and a beta of 1.11.
The business also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Shareholders of record on Sunday, March 1st were issued a $0.23 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.85%. Trustmark’s dividend payout ratio is currently 37.55%.
Several hedge funds and other institutional investors have recently bought and sold shares of TRMK. California State Teachers Retirement System raised its holdings in shares of Trustmark by 1.2% in the third quarter. California State Teachers Retirement System now owns 100,263 shares of the financial services provider’s stock worth $3,420,000 after buying an additional 1,198 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Trustmark by 32.0% in the third quarter. Point72 Asset Management L.P. now owns 17,510 shares of the financial services provider’s stock worth $597,000 after buying an additional 4,249 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Trustmark in the third quarter worth $479,000. Millennium Management LLC raised its holdings in shares of Trustmark by 18.9% in the third quarter. Millennium Management LLC now owns 22,230 shares of the financial services provider’s stock worth $758,000 after buying an additional 3,530 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY raised its holdings in shares of Trustmark by 1.1% in the third quarter. Metropolitan Life Insurance Co NY now owns 37,469 shares of the financial services provider’s stock worth $1,278,000 after buying an additional 418 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.
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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