Research Analysts Issue Forecasts for Trustmark Corp.’s Q1 2017 Earnings (TRMK)
Trustmark Corp. (NASDAQ:TRMK) – Investment analysts at Jefferies Group issued their Q1 2017 earnings estimates for Trustmark Corp. in a report released on Tuesday. Jefferies Group analyst E. Harmon expects that the brokerage will post earnings per share of $0.41 for the quarter. Jefferies Group currently has a “Hold” rating and a $26.00 price objective on the stock. Jefferies Group also issued estimates for Trustmark Corp.’s Q2 2017 earnings at $0.44 EPS, Q3 2017 earnings at $0.48 EPS and Q4 2017 earnings at $0.47 EPS.
Several other equities analysts have also issued reports on TRMK. Zacks Investment Research lowered Trustmark Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, September 29th. Keefe, Bruyette & Woods raised Trustmark Corp. from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $23.00 to $25.00 in a research report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Trustmark Corp. has a consensus rating of “Hold” and an average price target of $26.75.
Trustmark Corp. (NASDAQ:TRMK) traded down 2.23% during midday trading on Thursday, reaching $27.13. The company’s stock had a trading volume of 218,945 shares. Trustmark Corp. has a one year low of $19.75 and a one year high of $28.71. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 17.50 and a beta of 1.13. The stock’s 50 day moving average price is $27.84 and its 200-day moving average price is $25.50.
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Trustmark Corp. (NASDAQ:TRMK) last posted its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.40 EPS for the quarter, beating 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 quarter in the previous year, the firm earned $0.45 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Tuesday, August 30th. Trustmark Corp.’s payout ratio is presently 59.36%.
Several large investors have recently added to or reduced their stakes in TRMK. BlackRock Fund Advisors increased its stake in 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 valued at $169,527,000 after buying an additional 341,451 shares during the last quarter. Vanguard Group Inc. increased its stake in Trustmark Corp. by 3.8% in the second quarter. Vanguard Group Inc. now owns 4,833,805 shares of the financial services provider’s stock valued at $120,120,000 after buying an additional 178,348 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in 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 valued at $107,017,000 after buying an additional 557,405 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Trustmark Corp. by 2.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,080,201 shares of the financial services provider’s stock valued at $51,693,000 after buying an additional 42,129 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Trustmark Corp. by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 876,796 shares of the financial services provider’s stock valued at $21,789,000 after buying an additional 3,874 shares during the last quarter. 61.26% of the stock is owned by institutional investors.
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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