Trustmark Corporation (NASDAQ:TRMK) Set to Announce Quarterly Earnings on Tuesday
Trustmark Corporation (NASDAQ:TRMK) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, July 25th. Analysts expect Trustmark Corporation to post earnings of $0.44 per share for the quarter.
Trustmark Corporation (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Trustmark Corporation had a return on equity of 7.78% and a net margin of 18.41%. The business had revenue of $148.46 million during the quarter, compared to analysts’ expectations of $144.60 million. During the same period in the previous year, the firm earned $0.40 earnings per share. On average, analysts expect Trustmark Corporation to post $1.83 EPS for the current fiscal year and $1.98 EPS for the next fiscal year.
Shares of Trustmark Corporation (TRMK) opened at 32.15 on Tuesday. The firm has a market capitalization of $2.18 billion, a PE ratio of 19.38 and a beta of 1.14. The company’s 50 day moving average price is $31.86 and its 200-day moving average price is $32.92. Trustmark Corporation has a 52 week low of $25.17 and a 52 week high of $36.79.
In other news, insider Harry M. Walker sold 7,381 shares of the firm’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $33.53, for a total value of $247,484.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Duane A. Dewey sold 5,748 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $30.85, for a total value of $177,325.80. Following the completion of the sale, the insider now owns 27,909 shares of the company’s stock, valued at $860,992.65. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.
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A number of brokerages have recently commented on TRMK. Hovde Group increased their price target on Trustmark Corporation from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. BidaskClub upgraded Trustmark Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Jefferies Group LLC restated a “hold” rating and issued a $35.00 price objective on shares of Trustmark Corporation in a report on Friday, June 9th. Stephens restated a “hold” rating on shares of Trustmark Corporation in a report on Wednesday, April 26th. Finally, Zacks Investment Research downgraded Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Seven investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $33.75.
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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