Trustmark Corporation (TRMK) Announces Earnings Results
Trustmark Corporation (NASDAQ:TRMK) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03, Briefing.com reports. Trustmark Corporation had a net margin of 18.35% and a return on equity of 8.04%. During the same quarter last year, the firm earned $0.47 earnings per share.
Shares of Trustmark Corporation (NASDAQ:TRMK) traded up 0.84% during trading on Tuesday, reaching $33.58. 191,897 shares of the company traded hands. The stock has a market cap of $2.27 billion, a P/E ratio of 19.78 and a beta of 1.17. The stock’s 50 day moving average price is $31.94 and its 200-day moving average price is $31.80. Trustmark Corporation has a 12 month low of $26.81 and a 12 month high of $36.79.
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In other Trustmark Corporation news, insider Charles Scott Woods sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $32.00, for a total value of $32,000.00. Following the sale, the insider now owns 13,344 shares in the company, valued at approximately $427,008. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.37% of the company’s stock.
A number of analysts have recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $36.00 price target on shares of Trustmark Corporation in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine raised shares of Trustmark Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Stephens set a $35.00 price target on shares of Trustmark Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Finally, BidaskClub raised shares of Trustmark Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $33.80.
Trustmark Corporation Company Profile
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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