Trustmark (TRMK) Projected to Post Quarterly Earnings on Tuesday

Trustmark (NASDAQ:TRMK - Get Free Report) is projected to announce its earnings results after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.82 per share and revenue of $195.38 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Trustmark (NASDAQ:TRMK - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.09. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. On average, analysts expect Trustmark to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Trustmark Trading Up 0.9 %

TRMK stock traded up $0.28 on Friday, hitting $32.75. 456,968 shares of the company were exchanged, compared to its average volume of 299,966. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 9.00 and a beta of 0.67. The business's fifty day moving average is $34.51 and its two-hundred day moving average is $35.53. Trustmark has a twelve month low of $25.44 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.

Trustmark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were given a $0.24 dividend. This is a positive change from Trustmark's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, February 28th. Trustmark's dividend payout ratio (DPR) is 26.37%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TRMK shares. Keefe, Bruyette & Woods raised their price objective on Trustmark from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. DA Davidson boosted their price objective on shares of Trustmark from $40.00 to $41.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Finally, Janney Montgomery Scott assumed coverage on shares of Trustmark in a research note on Friday, January 24th. They issued a "buy" rating and a $42.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $40.60.

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.