Wall Street analysts expect that Trustmark Corporation (NASDAQ:TRMK) will announce $0.47 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Trustmark’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.45. Trustmark posted earnings of $0.44 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.8%. The firm is scheduled to report its next quarterly earnings report on Tuesday, January 23rd.

According to Zacks, analysts expect that Trustmark will report full-year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.81. For the next fiscal year, analysts expect that the company will post earnings of $1.96 per share, with EPS estimates ranging from $1.87 to $2.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Trustmark.

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

TRMK has been the topic of a number of research reports. ValuEngine downgraded shares of Trustmark from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $34.00 price target on shares of Trustmark in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Trustmark from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Wednesday, September 20th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $36.00 price target on shares of Trustmark in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Trustmark has an average rating of “Hold” and an average price target of $34.40.

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new stake in Trustmark during the second quarter valued at about $1,594,000. Zurich Insurance Group Ltd FI bought a new stake in Trustmark during the second quarter valued at about $946,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Trustmark by 1,529.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,513 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 7,052 shares during the period. Sciencast Management LP bought a new stake in Trustmark during the second quarter valued at about $264,000. Finally, Susquehanna International Group LLP boosted its holdings in Trustmark by 23.3% during the second quarter. Susquehanna International Group LLP now owns 67,457 shares of the financial services provider’s stock valued at $2,170,000 after acquiring an additional 12,757 shares during the period. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Trustmark (NASDAQ TRMK) traded up $0.14 during midday trading on Thursday, hitting $33.14. 176,235 shares of the stock were exchanged, compared to its average volume of 289,232. Trustmark has a 1-year low of $28.16 and a 1-year high of $36.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.76 and a quick ratio of 0.74. The firm has a market capitalization of $2,251.75, a P/E ratio of 17.68 and a beta of 1.15.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, November 30th. Trustmark’s payout ratio is 52.57%.

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

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