FY2017 EPS Estimates for Trustmark Corporation Increased by Analyst (TRMK)
Trustmark Corporation (NASDAQ:TRMK) – Equities research analysts at SunTrust Banks upped their FY2017 earnings per share estimates for Trustmark Corporation in a report released on Monday. SunTrust Banks analyst J. Demba now anticipates that the financial services provider will post earnings per share of $1.92 for the year, up from their prior estimate of $1.87. SunTrust Banks also issued estimates for Trustmark Corporation’s Q4 2017 earnings at $0.48 EPS and Q1 2018 earnings at $0.46 EPS.
Trustmark Corporation (NASDAQ:TRMK) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $153.37 million during the quarter, compared to analyst estimates of $154.40 million. Trustmark Corporation had a return on equity of 8.21% and a net margin of 18.56%. During the same quarter last year, the company earned $0.47 EPS. TRADEMARK VIOLATION WARNING: “FY2017 EPS Estimates for Trustmark Corporation Increased by Analyst (TRMK)” was originally posted by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/11/03/fy2017-eps-estimates-for-trustmark-corporation-increased-by-analyst-trmk.html.
A number of other analysts have also recently weighed in on TRMK. ValuEngine cut shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub cut shares of Trustmark Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Stephens set a $35.00 price objective on shares of Trustmark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research upgraded shares of Trustmark Corporation from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Saturday, July 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $34.40.
Shares of Trustmark Corporation (TRMK) opened at $33.02 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2,244.30, a P/E ratio of 17.62 and a beta of 1.16.
Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Trustmark Corporation by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 296 shares during the period. Creative Planning increased its holdings in Trustmark Corporation by 7.0% in the 2nd quarter. Creative Planning now owns 3,705 shares of the financial services provider’s stock valued at $119,000 after buying an additional 241 shares during the period. Flinton Capital Management LLC grew its holdings in shares of Trustmark Corporation by 37.6% in the 2nd quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,216 shares during the last quarter. Integrated Investment Consultants LLC grew its holdings in shares of Trustmark Corporation by 13.8% in the 2nd quarter. Integrated Investment Consultants LLC now owns 4,925 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 598 shares during the last quarter. Finally, LS Investment Advisors LLC grew its holdings in shares of Trustmark Corporation by 21.1% in the 2nd quarter. LS Investment Advisors LLC now owns 5,411 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 941 shares during the last quarter. 62.32% of the stock is currently owned by institutional investors and hedge funds.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Thursday, November 30th. Trustmark Corporation’s dividend payout ratio (DPR) is currently 52.57%.
About Trustmark Corporation
Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.
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