Trustmark (TRMK) Expected to Announce Quarterly Earnings on Tuesday

Trustmark (NASDAQ:TRMK - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Tuesday, January 28th. Analysts expect Trustmark to post earnings of $0.83 per share and revenue of $194,975.00 billion for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Trustmark (NASDAQ:TRMK - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.02. The firm had revenue of $192.30 million for the quarter, compared to the consensus estimate of $192.77 million. Trustmark had a net margin of 17.62% and a return on equity of 9.48%. During the same period in the prior year, the firm posted $0.64 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 Price Performance

Shares of Trustmark stock traded up $0.27 on Tuesday, reaching $35.53. The company's stock had a trading volume of 114,801 shares, compared to its average volume of 281,114. Trustmark has a 52-week low of $25.24 and a 52-week high of $40.73. The company has a market capitalization of $2.17 billion, a P/E ratio of 10.75 and a beta of 0.76. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $36.85 and a 200-day moving average price of $34.33.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Hovde Group increased their price objective on shares of Trustmark from $34.00 to $37.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. StockNews.com upgraded Trustmark from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Truist Financial boosted their price objective on Trustmark from $35.00 to $36.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Finally, DA Davidson raised their target price on Trustmark from $35.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $35.20.

Insider Activity

In other Trustmark news, Director Gerard R. Host sold 7,000 shares of the firm's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $38.59, for a total transaction of $270,130.00. Following the completion of the sale, the director now owns 16,500 shares of the company's stock, valued at $636,735. This trade represents a 29.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marcelo L. Eduardo sold 790 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $35.89, for a total value of $28,353.10. Following the completion of the transaction, the director now directly owns 7,334 shares in the company, valued at approximately $263,217.26. This trade represents a 9.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,206 shares of company stock worth $1,347,991 over the last ninety days. Corporate insiders own 1.50% of the company's stock.

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.