Trustmark Corp. (NASDAQ:TRMK) – Equities research analysts at Jefferies Group issued their FY2018 earnings per share (EPS) estimates for shares of Trustmark Corp. in a research note issued to investors on Friday. Jefferies Group analyst E. Harmon expects that the firm will earn $1.95 per share for the year. Jefferies Group currently has a “Hold” rating and a $26.00 target price on the stock.
Trustmark Corp. (NASDAQ:TRMK) last announced its earnings results on Tuesday, July 26th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. Trustmark Corp. had a return on equity of 7.47% and a net margin of 17.44%. During the same quarter in the prior year, the firm earned $0.45 earnings per share.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Trustmark Corp. from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Wednesday, September 28th. Keefe, Bruyette & Woods upgraded shares of Trustmark Corp. from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $23.00 to $25.00 in a report on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Trustmark Corp. has a consensus rating of “Hold” and an average target price of $26.75.
Shares of Trustmark Corp. (NASDAQ:TRMK) traded up 0.04% during mid-day trading on Monday, hitting $27.75. The stock had a trading volume of 148,973 shares. Trustmark Corp. has a 52 week low of $19.75 and a 52 week high of $28.71. The stock has a 50-day moving average price of $27.84 and a 200 day moving average price of $25.48. The stock has a market cap of $1.88 billion, a P/E ratio of 17.90 and a beta of 1.13.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Tuesday, August 30th. Trustmark Corp.’s dividend payout ratio is currently 59.36%.
Several institutional investors have recently bought and sold shares of TRMK. Oregon Public Employees Retirement Fund boosted its position in Trustmark Corp. by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 23,043 shares of the financial services provider’s stock valued at $635,000 after buying an additional 466 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in Trustmark Corp. during the second quarter valued at about $766,000. Public Employees Retirement System of Ohio raised its stake in Trustmark Corp. by 1.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,426 shares of the financial services provider’s stock valued at $110,000 after buying an additional 82 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Trustmark Corp. by 8.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 340,588 shares of the financial services provider’s stock valued at $8,464,000 after buying an additional 25,248 shares during the last quarter. Finally, Amalgamated Bank acquired a new stake in Trustmark Corp. during the second quarter valued at about $224,000. Institutional investors and hedge funds own 61.26% of the company’s stock.
About Trustmark Corp.
Trustmark Corporation (Trustmark) is a bank holding company. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and other subsidiaries, Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama, Florida, Mississippi, Tennessee and Texas.
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