Trustmark Corporation (NASDAQ:TRMK) – Research analysts at SunTrust Banks upped their FY2017 earnings estimates for shares of Trustmark Corporation in a report issued on Monday. SunTrust Banks analyst J. Demba now anticipates that the financial services provider will post earnings per share of $1.92 for the year, up from their prior forecast of $1.87. SunTrust Banks also issued estimates for Trustmark Corporation’s Q4 2017 earnings at $0.48 EPS and Q1 2018 earnings at $0.46 EPS.

Several other equities research analysts have also commented on TRMK. ValuEngine lowered shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Stephens set a $34.00 price target on shares of Trustmark Corporation and gave the stock a “hold” rating in a research note on Monday, August 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 price target on shares of Trustmark Corporation in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, BidaskClub lowered shares of Trustmark Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Trustmark Corporation presently has a consensus rating of “Hold” and an average target price of $34.40.

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Trustmark Corporation (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $153.37 million for the quarter, compared to analyst estimates of $154.40 million. Trustmark Corporation had a net margin of 18.56% and a return on equity of 8.21%. During the same period in the previous year, the company earned $0.47 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.23 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.92 dividend on an annualized basis and a yield of 2.79%. Trustmark Corporation’s dividend payout ratio is presently 52.57%.

A number of hedge funds and other institutional investors have recently bought and sold shares of TRMK. UBS Asset Management Americas Inc. increased its stake in Trustmark Corporation by 14.9% in the first quarter. UBS Asset Management Americas Inc. now owns 41,774 shares of the financial services provider’s stock valued at $1,328,000 after purchasing an additional 5,422 shares during the period. Principal Financial Group Inc. increased its stake in Trustmark Corporation by 2.8% in the first quarter. Principal Financial Group Inc. now owns 329,135 shares of the financial services provider’s stock valued at $10,463,000 after purchasing an additional 8,937 shares during the period. Teachers Advisors LLC increased its stake in Trustmark Corporation by 1.8% in the first quarter. Teachers Advisors LLC now owns 118,880 shares of the financial services provider’s stock valued at $3,779,000 after purchasing an additional 2,152 shares during the period. Legal & General Group Plc increased its stake in Trustmark Corporation by 15.4% in the first quarter. Legal & General Group Plc now owns 75,576 shares of the financial services provider’s stock valued at $2,403,000 after purchasing an additional 10,108 shares during the period. Finally, Vanguard Group Inc. increased its stake in Trustmark Corporation by 5.5% in the first quarter. Vanguard Group Inc. now owns 5,509,048 shares of the financial services provider’s stock valued at $175,133,000 after purchasing an additional 286,219 shares during the period. Institutional investors own 62.32% of the company’s stock.

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.

Earnings History and Estimates for Trustmark Corporation (NASDAQ:TRMK)

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