Trustmark (NASDAQ:TRMK) Announces Earnings Results

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

Trustmark Price Performance

Shares of NASDAQ:TRMK traded down $0.18 during mid-day trading on Friday, reaching $33.29. The stock had a trading volume of 75,503 shares, compared to its average volume of 299,458. The business's 50 day moving average price is $34.14 and its 200 day moving average price is $35.59. Trustmark has a 1 year low of $27.42 and a 1 year high of $40.73. The company has a market cap of $2.02 billion, a P/E ratio of 9.13 and a beta of 0.67. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09.

Trustmark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.88%. Trustmark's payout ratio is 26.37%.

Wall Street Analysts Forecast Growth

TRMK has been the topic of several research reports. DA Davidson raised their target price on Trustmark from $40.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Janney Montgomery Scott assumed coverage on shares of Trustmark in a research report on Friday, January 24th. They set a "buy" rating and a $42.00 target price for the company. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Trustmark from $45.00 to $43.00 and set an "outperform" rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $39.80.

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.