Trustmark (TRMK) to Release Quarterly Earnings on Tuesday

Trustmark (NASDAQ:TRMK - Get Free Report) is set to announce its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Trustmark (NASDAQ:TRMK - Get Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. Trustmark had a net margin of 15.06% and a return on equity of 10.77%. The firm had revenue of $189.85 million for the quarter, compared to analyst estimates of $187.63 million. During the same period last year, the business earned $0.68 EPS. Trustmark's revenue for the quarter was down 2.7% compared to the same quarter last year. On average, analysts expect Trustmark to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Trustmark Stock Down 1.6 %

NASDAQ:TRMK traded down $0.41 during midday trading on Tuesday, hitting $25.63. 309,432 shares of the company were exchanged, compared to its average volume of 270,224. The company has a fifty day simple moving average of $26.78 and a 200 day simple moving average of $25.26. Trustmark has a fifty-two week low of $18.96 and a fifty-two week high of $28.65. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.57 billion, a PE ratio of 9.46 and a beta of 0.82.

Trustmark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.92 annualized dividend and a yield of 3.59%. Trustmark's dividend payout ratio is currently 33.95%.

Analysts Set New Price Targets

A number of research analysts have commented on TRMK shares. Keefe, Bruyette & Woods lifted their price objective on shares of Trustmark from $27.00 to $30.00 and gave the company a "market perform" rating in a research note on Friday, January 26th. DA Davidson restated a "neutral" rating on shares of Trustmark in a research note on Monday, January 15th. StockNews.com lowered shares of Trustmark from a "hold" rating to a "sell" rating in a research note on Thursday, April 11th. TheStreet upgraded shares of Trustmark from a "c+" rating to a "b" rating in a research note on Tuesday, January 23rd. Finally, Piper Sandler restated a "neutral" rating and issued a $29.00 price objective on shares of Trustmark in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $29.67.

Institutional Trading of Trustmark

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Trustmark by 1.3% in the second quarter. FMR LLC now owns 27,900 shares of the financial services provider's stock valued at $814,000 after acquiring an additional 349 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in Trustmark by 2.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 15,097 shares of the financial services provider's stock worth $528,000 after buying an additional 389 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Trustmark by 1.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 23,981 shares of the financial services provider's stock worth $837,000 after buying an additional 399 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Trustmark by 1.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 31,861 shares of the financial services provider's stock worth $930,000 after buying an additional 410 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Trustmark by 0.3% during the fourth quarter. Legal & General Group Plc now owns 167,034 shares of the financial services provider's stock worth $4,657,000 after buying an additional 546 shares in the last quarter. Hedge funds and other institutional investors own 67.64% of the company's stock.

Trustmark Company Profile

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.