Wall Street analysts expect Trustmark Corp (NASDAQ:TRMK) to report earnings of $0.58 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Trustmark’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.59. Trustmark reported earnings of $0.51 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.7%. The firm is expected to issue its next quarterly earnings report after the market closes on Tuesday, October 23rd.
According to Zacks, analysts expect that Trustmark will report full-year earnings of $2.26 per share for the current year, with EPS estimates ranging from $2.25 to $2.26. For the next fiscal year, analysts expect that the firm will report earnings of $2.31 per share, with EPS estimates ranging from $2.30 to $2.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Trustmark.
Trustmark (NASDAQ:TRMK) last issued its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.05. The company had revenue of $155.76 million during the quarter, compared to analysts’ expectations of $151.50 million. Trustmark had a return on equity of 9.13% and a net margin of 19.01%. During the same period last year, the business earned $0.47 earnings per share.
A number of brokerages have issued reports on TRMK. BidaskClub cut Trustmark from a “buy” rating to a “hold” rating in a report on Saturday, August 25th. Sandler O’Neill reissued a “hold” rating and set a $35.00 price objective on shares of Trustmark in a report on Thursday, July 26th. Zacks Investment Research cut Trustmark from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Finally, Hovde Group set a $35.00 price objective on Trustmark and gave the company a “hold” rating in a report on Saturday, July 28th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The company has an average rating of “Hold” and an average target price of $34.67.
In other news, insider Charles Scott Woods sold 2,000 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $35.41, for a total value of $70,820.00. Following the completion of the sale, the insider now directly owns 13,998 shares in the company, valued at $495,669.18. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
Several large investors have recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of Trustmark by 17.0% in the first quarter. LPL Financial LLC now owns 12,378 shares of the financial services provider’s stock valued at $386,000 after buying an additional 1,799 shares in the last quarter. Raymond James & Associates increased its stake in shares of Trustmark by 8.1% in the second quarter. Raymond James & Associates now owns 24,236 shares of the financial services provider’s stock valued at $791,000 after buying an additional 1,823 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Trustmark by 3.4% in the second quarter. Mutual of America Capital Management LLC now owns 57,974 shares of the financial services provider’s stock valued at $1,892,000 after buying an additional 1,916 shares in the last quarter. Barclays PLC increased its stake in shares of Trustmark by 17.8% in the first quarter. Barclays PLC now owns 18,857 shares of the financial services provider’s stock valued at $587,000 after buying an additional 2,849 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in shares of Trustmark by 32.9% in the second quarter. Xact Kapitalforvaltning AB now owns 16,560 shares of the financial services provider’s stock valued at $540,000 after buying an additional 4,100 shares in the last quarter. Institutional investors own 62.10% of the company’s stock.
Shares of NASDAQ TRMK traded down $0.66 during midday trading on Friday, reaching $31.47. 398,800 shares of the company traded hands, compared to its average volume of 308,587. The stock has a market cap of $2.22 billion, a PE ratio of 16.39 and a beta of 0.97. Trustmark has a 12 month low of $29.78 and a 12 month high of $36.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.78 and a current ratio of 0.80.
Trustmark Company Profile
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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