Analysts predict that Trustmark Corporation (NASDAQ:TRMK) will announce $152.53 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Trustmark Corporation’s earnings. The lowest sales estimate is $151.20 million and the highest is $154.00 million. Trustmark Corporation reported sales of $145.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5%. The firm is scheduled to report its next quarterly earnings results on Tuesday, January 23rd.
According to Zacks, analysts expect that Trustmark Corporation will report full year sales of $152.53 million for the current year, with estimates ranging from $600.40 million to $613.70 million. For the next year, analysts forecast that the company will post sales of $629.73 million per share, with estimates ranging from $623.10 million to $640.40 million. Zacks’ sales calculations are an average based on a survey of research analysts that follow Trustmark Corporation.
Trustmark Corporation (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Trustmark Corporation had a return on equity of 8.21% and a net margin of 18.56%. The firm had revenue of $153.37 million during the quarter, compared to analysts’ expectations of $154.40 million. During the same period in the previous year, the business earned $0.47 earnings per share.
TRMK has been the subject of several research analyst reports. ValuEngine raised Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Trustmark Corporation from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Friday, September 8th. Finally, Stephens set a $35.00 price objective on Trustmark Corporation and gave the company a “hold” rating in a research note on Wednesday, July 26th. Two equities 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. Trustmark Corporation presently has a consensus rating of “Hold” and an average target price of $34.40.
A number of institutional investors have recently added to or reduced their stakes in the business. First Midwest Bank Trust Division increased its position in Trustmark Corporation by 0.4% during the second quarter. First Midwest Bank Trust Division now owns 13,410 shares of the financial services provider’s stock worth $432,000 after buying an additional 55 shares in the last quarter. Somerset Trust Co increased its position in Trustmark Corporation by 0.5% during the second quarter. Somerset Trust Co now owns 14,894 shares of the financial services provider’s stock worth $479,000 after buying an additional 69 shares in the last quarter. Amalgamated Bank increased its position in Trustmark Corporation by 1.1% during the second quarter. Amalgamated Bank now owns 9,582 shares of the financial services provider’s stock worth $308,000 after buying an additional 102 shares in the last quarter. Creative Planning increased its position in Trustmark Corporation by 7.0% during the second quarter. Creative Planning now owns 3,705 shares of the financial services provider’s stock worth $119,000 after buying an additional 241 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Trustmark Corporation by 2.9% during the second quarter. IFP Advisors Inc now owns 8,887 shares of the financial services provider’s stock worth $286,000 after buying an additional 253 shares in the last quarter. 62.32% of the stock is owned by institutional investors.
Shares of Trustmark Corporation (NASDAQ TRMK) traded down 0.91% during mid-day trading on Wednesday, hitting $32.64. The company had a trading volume of 53,961 shares. The firm has a market capitalization of $2.21 billion, a P/E ratio of 19.22 and a beta of 1.17. Trustmark Corporation has a 12 month low of $26.81 and a 12 month high of $36.79. The firm has a 50-day moving average price of $32.60 and a 200 day moving average price of $31.89.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.79%. The ex-dividend date is Thursday, November 30th. Trustmark Corporation’s payout ratio is 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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