FY2018 Earnings Forecast for Trustmark Corp. (TRMK) Issued By Jefferies Group
Trustmark Corp. (NASDAQ:TRMK) – Jefferies Group issued their FY2018 earnings estimates for shares of Trustmark Corp. in a report issued on Friday. Jefferies Group analyst E. Harmon forecasts that the brokerage will earn $1.95 per share for the year. Jefferies Group currently has a “Hold” rating and a $26.00 price objective on the stock.
A number of other research analysts have also commented on the company. Zacks Investment Research lowered Trustmark Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 29th. Keefe, Bruyette & Woods upgraded Trustmark Corp. from an “underperform” rating to a “market perform” rating and upped their target price for the company from $23.00 to $25.00 in a research report on Thursday, July 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $26.75.
Shares of Trustmark Corp. (NASDAQ:TRMK) opened at 27.72 on Monday. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 17.88 and a beta of 1.13. The company has a 50-day moving average price of $27.82 and a 200-day moving average price of $25.40. Trustmark Corp. has a 12 month low of $19.75 and a 12 month high of $28.71.
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Trustmark Corp. (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. Trustmark Corp. had a return on equity of 7.47% and a net margin of 17.44%. During the same period last year, the business earned $0.45 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 3.32%. Trustmark Corp.’s dividend payout ratio is currently 59.36%.
A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Trustmark Corp. by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,306,569 shares of the financial services provider’s stock worth $107,017,000 after buying an additional 557,405 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Trustmark Corp. by 123.2% in the second quarter. JPMorgan Chase & Co. now owns 787,222 shares of the financial services provider’s stock worth $19,562,000 after buying an additional 434,479 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Trustmark Corp. by 5.3% in the second quarter. BlackRock Fund Advisors now owns 6,822,017 shares of the financial services provider’s stock worth $169,527,000 after buying an additional 341,451 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Trustmark Corp. by 153.7% in the first quarter. Renaissance Technologies LLC now owns 547,504 shares of the financial services provider’s stock worth $12,609,000 after buying an additional 331,700 shares during the last quarter. Finally, Numeric Investors LLC purchased a new position in shares of Trustmark Corp. during the second quarter worth about $6,739,000. 61.26% of the stock is owned by institutional investors and hedge funds.
About Trustmark Corp.
Trustmark Corporation (Trustmark) is a bank holding company. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and other subsidiaries, Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama, Florida, Mississippi, Tennessee and Texas.
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