Trustmark (TRMK) Scheduled to Post Earnings on Tuesday

Trustmark (NASDAQ:TRMK) will release 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Trustmark (NASDAQ:TRMK) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Trustmark had a net margin of 16.24% and a return on equity of 9.32%. The firm had revenue of $283.96 million for the quarter, compared to analyst estimates of $229.83 million. During the same quarter last year, the business 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 Up 2.1 %

Shares of NASDAQ TRMK opened at $33.65 on Tuesday. Trustmark has a 1 year low of $18.96 and a 1 year high of $35.72. The firm’s 50 day moving average price is $31.98 and its 200 day moving average price is $30.50. The firm has a market cap of $2.06 billion, a P/E ratio of 13.09 and a beta of 0.73. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.86 and a current ratio of 0.87.

Trustmark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Sunday, September 1st were given a dividend of $0.23 per share. The ex-dividend date was Friday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 2.73%. Trustmark’s dividend payout ratio (DPR) is currently 35.80%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TRMK. 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 research note on Thursday, July 25th. StockNews.com cut shares of Trustmark from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Finally, Truist Financial lowered their price objective on shares of Trustmark from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Trustmark currently has a consensus rating of “Hold” and an average price target 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.