Trustmark Corp Forecasted to Earn Q1 2018 Earnings of $0.49 Per Share (TRMK)

Trustmark Corp (NASDAQ:TRMK) – Stock analysts at SunTrust Banks reduced their Q1 2018 earnings per share estimates for Trustmark in a report issued on Monday. SunTrust Banks analyst J. Demba now expects that the financial services provider will post earnings of $0.49 per share for the quarter, down from their prior estimate of $0.51. SunTrust Banks has a “Average” rating and a $33.00 price objective on the stock. SunTrust Banks also issued estimates for Trustmark’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.53 EPS, FY2018 earnings at $2.17 EPS and FY2019 earnings at $2.27 EPS.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.48. Trustmark had a return on equity of 8.35% and a net margin of 16.15%. The business had revenue of $153.06 million during the quarter, compared to analyst estimates of $152.80 million. During the same quarter last year, the company posted $0.43 EPS.

A number of other research firms have also weighed in on TRMK. ValuEngine lowered Trustmark from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BidaskClub upgraded Trustmark from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 price target on shares of Trustmark in a research report on Thursday, October 26th. Jefferies Group reiterated a “hold” rating and issued a $36.00 price target on shares of Trustmark in a research report on Thursday, October 12th. Finally, Stephens reiterated a “hold” rating and issued a $34.00 price target on shares of Trustmark in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Trustmark currently has a consensus rating of “Hold” and an average price target of $34.67.

Trustmark (TRMK) opened at $32.04 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. Trustmark has a 1 year low of $28.16 and a 1 year high of $35.09. The firm has a market capitalization of $2,171.26, a price-to-earnings ratio of 16.69 and a beta of 1.16.

Institutional investors have recently made changes to their positions in the stock. Zurich Insurance Group Ltd FI purchased a new stake in Trustmark in the 2nd quarter worth about $946,000. Sciencast Management LP purchased a new stake in Trustmark in the 2nd quarter worth about $264,000. Rhumbline Advisers lifted its stake in Trustmark by 8.0% in the 3rd quarter. Rhumbline Advisers now owns 153,912 shares of the financial services provider’s stock worth $5,098,000 after acquiring an additional 11,422 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Trustmark in the 3rd quarter worth about $498,000. Finally, Legal & General Group Plc lifted its stake in Trustmark by 6.1% in the 3rd quarter. Legal & General Group Plc now owns 87,391 shares of the financial services provider’s stock worth $2,896,000 after acquiring an additional 4,989 shares in the last quarter. 62.56% of the stock is owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, February 28th. Trustmark’s dividend payout ratio is currently 59.35%.

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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.

Earnings History and Estimates for Trustmark (NASDAQ:TRMK)

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