Trustmark (NASDAQ:TRMK) Posts Earnings Results, Beats Expectations By $0.06 EPS

Trustmark (NASDAQ:TRMK - Get Free Report) posted its earnings results on Tuesday. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.06, Zacks reports. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. The business had revenue of $231.83 million for the quarter, compared to analyst estimates of $195.38 million.

Trustmark Price Performance

NASDAQ TRMK traded down $0.13 during mid-day trading on Friday, hitting $33.34. The stock had a trading volume of 358,442 shares, compared to its average volume of 298,767. Trustmark has a twelve month low of $27.42 and a twelve month high of $40.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86. The firm's 50 day moving average is $33.96 and its 200 day moving average is $35.66. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 9.16 and a beta of 0.67.

Trustmark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Friday, May 30th. Trustmark's payout ratio is 25.00%.

Analysts Set New Price Targets

TRMK has been the topic of a number of recent analyst reports. DA Davidson raised their price objective on Trustmark from $40.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Janney Montgomery Scott assumed coverage on Trustmark in a research report on Friday, January 24th. They set a "buy" rating and a $42.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut their price target on shares of Trustmark from $45.00 to $43.00 and set an "outperform" rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Trustmark has a consensus rating of "Hold" and a consensus price target of $39.80.

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.