Trustmark (TRMK) to Release Earnings on Tuesday

Trustmark (NASDAQ:TRMK) will be releasing its earnings data after the market closes on Tuesday, October 22nd. Analysts expect Trustmark to post earnings of $0.82 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) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. Trustmark had a return on equity of 9.32% and a net margin of 16.24%. The business had revenue of $283.96 million during the quarter, compared to the consensus estimate of $229.83 million. During the same quarter last year, the company earned $0.74 earnings per share. On average, analysts expect Trustmark to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Trustmark Stock Performance

TRMK opened at $34.68 on Monday. The firm’s 50-day moving average price is $32.36 and its 200-day moving average price is $30.75. The company has a market cap of $2.12 billion, a P/E ratio of 13.49 and a beta of 0.73. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.10. Trustmark has a 52-week low of $18.96 and a 52-week high of $35.72.

Trustmark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st were issued a $0.23 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.65%. Trustmark’s dividend payout ratio is currently 35.80%.

Analysts Set New Price Targets

TRMK has been the topic of a number of research analyst reports. DA Davidson boosted their price objective on shares of Trustmark from $34.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. StockNews.com downgraded Trustmark from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Finally, Truist Financial reduced their price objective on Trustmark from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Trustmark presently has an average rating of “Hold” and an average target price of $34.50.

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.