Trustmark (NASDAQ:TRMK - Get Free Report) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.60 by $0.08, Briefing.com reports. Trustmark had a net margin of 15.06% and a return on equity of 10.77%. The company had revenue of $288.55 million for the quarter, compared to analyst estimates of $187.03 million. During the same quarter in the prior year, the business posted $0.82 EPS.
Trustmark Stock Up 6.6 %
Shares of TRMK stock traded up $1.81 during trading on Wednesday, reaching $29.36. The company's stock had a trading volume of 724,854 shares, compared to its average volume of 278,263. The business has a fifty day moving average price of $26.74 and a 200-day moving average price of $25.43. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 10.78 and a beta of 0.82. Trustmark has a one year low of $18.96 and a one year high of $29.84.
Wall Street Analyst Weigh In
TRMK has been the topic of several analyst reports. Piper Sandler restated a "neutral" rating and set a $29.00 price target on shares of Trustmark in a research note on Tuesday, March 26th. DA Davidson reissued a "neutral" rating on shares of Trustmark in a report on Monday, January 15th. TheStreet upgraded shares of Trustmark from a "c+" rating to a "b" rating in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Trustmark from $27.00 to $30.00 and gave the stock a "market perform" rating in a research report on Friday, January 26th. Finally, StockNews.com upgraded shares of Trustmark from a "sell" rating to a "hold" rating in a report on Friday, April 19th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Trustmark currently has an average rating of "Hold" and a consensus target price of $29.67.
Read Our Latest Stock Report on TRMK
About Trustmark
(
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Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; financing for commercial and industrial projects, income-producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit, as well as treasury management services.
Further Reading
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