Trustmark Corp. (NASDAQ:TRMK) – Investment analysts at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for shares of Trustmark Corp. in a research report issued to clients and investors on Tuesday. Jefferies Group analyst E. Harmon expects that the brokerage will post earnings per share of $0.41 for the quarter. Jefferies Group currently has a “Hold” rating and a $26.00 target price on the stock. Jefferies Group also issued estimates for Trustmark Corp.’s Q2 2017 earnings at $0.44 EPS, Q3 2017 earnings at $0.48 EPS and Q4 2017 earnings at $0.47 EPS.
Other research analysts have also recently issued research 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 target price for the company in a report on Wednesday, September 28th. Keefe, Bruyette & Woods upgraded shares of Trustmark Corp. from an “underperform” rating to a “market perform” rating and upped their target price 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 given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $26.75.
Shares of Trustmark Corp. (NASDAQ:TRMK) opened at 27.14 on Thursday. Trustmark Corp. has a 52-week low of $19.75 and a 52-week high of $28.71. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 17.51 and a beta of 1.13. The company’s 50-day moving average is $27.82 and its 200 day moving average is $25.51.
Trustmark Corp. (NASDAQ:TRMK) last issued its earnings results on Tuesday, July 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. Trustmark Corp. had a net margin of 17.44% and a return on equity of 7.47%. During the same quarter in the previous year, the firm earned $0.45 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $0.23 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.92 annualized dividend and a yield of 3.39%. Trustmark Corp.’s dividend payout ratio (DPR) is 59.36%.
Hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors L.L.C. increased its position in shares of Trustmark Corp. by 42.7% in the first quarter. Nisa Investment Advisors L.L.C. now owns 58,500 shares of the financial services provider’s stock worth $1,347,000 after buying an additional 17,500 shares during the last quarter. Teachers Advisors Inc. increased its position in shares of Trustmark Corp. by 5.4% in the first quarter. Teachers Advisors Inc. now owns 112,645 shares of the financial services provider’s stock worth $2,594,000 after buying an additional 5,760 shares during the last quarter. BlackRock Group LTD boosted its position in Trustmark Corp. by 20.0% in the first quarter. BlackRock Group LTD now owns 125,251 shares of the financial services provider’s stock worth $2,885,000 after buying an additional 20,834 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Trustmark Corp. by 1.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,038,072 shares of the financial services provider’s stock worth $46,937,000 after buying an additional 33,704 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Trustmark Corp. by 20.3% in the first quarter. Goldman Sachs Group Inc. now owns 342,347 shares of the financial services provider’s stock worth $7,885,000 after buying an additional 57,843 shares during the period. Hedge funds and other institutional investors 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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