Zacks: Analysts Anticipate Trustmark Corp (TRMK) Will Announce Earnings of $0.50 Per Share
Wall Street brokerages expect that Trustmark Corp (NASDAQ:TRMK) will post earnings of $0.50 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Trustmark’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.52. Trustmark posted earnings of $0.46 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The business is expected to announce its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that Trustmark will report full year earnings of $2.15 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.26. For the next year, analysts anticipate that the firm will post earnings of $2.29 per share, with EPS estimates ranging from $2.20 to $2.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Trustmark.
Trustmark (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $153.06 million during the quarter, compared to the consensus estimate of $152.80 million. Trustmark had a net margin of 16.15% and a return on equity of 8.35%. During the same quarter in the prior year, the company posted $0.43 earnings per share.
Shares of Trustmark (NASDAQ:TRMK) opened at $31.89 on Friday. The firm has a market cap of $2,162.72, a PE ratio of 16.61 and a beta of 1.08. Trustmark has a 1-year low of $28.16 and a 1-year high of $35.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, February 28th. Trustmark’s payout ratio is 59.35%.
A number of hedge funds and other institutional investors have recently modified their holdings of TRMK. Crossmark Global Holdings Inc. acquired a new stake in Trustmark in the 3rd quarter valued at about $202,000. Paloma Partners Management Co acquired a new stake in Trustmark in the 4th quarter valued at about $220,000. Sciencast Management LP acquired a new stake in Trustmark in the 4th quarter valued at about $233,000. Raymond James Financial Services Advisors Inc. raised its holdings in Trustmark by 12.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,436 shares of the financial services provider’s stock worth $239,000 after buying an additional 844 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Trustmark by 107.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,468 shares of the financial services provider’s stock worth $247,000 after buying an additional 3,870 shares during the period. 62.73% of the stock is owned by institutional investors.
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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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