Trustmark (NASDAQ:TRMK) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Trustmark (NASDAQ:TRMK - Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.02, Yahoo Finance reports. Trustmark had a return on equity of 9.32% and a net margin of 16.24%. The company had revenue of $192.30 million for the quarter, compared to analyst estimates of $192.77 million. During the same quarter in the prior year, the company posted $0.64 EPS.

Trustmark Trading Down 0.3 %

Shares of TRMK traded down $0.11 during trading hours on Wednesday, hitting $34.39. The stock had a trading volume of 132,147 shares, compared to its average volume of 272,717. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $2.10 billion, a P/E ratio of 13.42 and a beta of 0.73. The company's fifty day simple moving average is $32.48 and its 200 day simple moving average is $30.85. Trustmark has a 12-month low of $18.96 and a 12-month high of $35.75.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TRMK. StockNews.com lowered Trustmark from a "hold" rating to a "sell" rating in a research note on Wednesday, October 9th. DA Davidson increased their price target on Trustmark from $34.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Finally, Truist Financial reduced their price target on Trustmark from $37.00 to $35.00 and set a "hold" rating on the stock in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Trustmark presently has a consensus rating of "Hold" and a consensus price target of $34.50.

About Trustmark

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.