Wall Street analysts expect that Trustmark Corp (NASDAQ:TRMK) will report sales of $151.83 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Trustmark’s earnings, with the lowest sales estimate coming in at $150.40 million and the highest estimate coming in at $152.80 million. Trustmark posted sales of $153.37 million in the same quarter last year, which would indicate a negative year over year growth rate of 1%. The company is expected to announce its next quarterly earnings report on Tuesday, October 23rd.
On average, analysts expect that Trustmark will report full year sales of $603.77 million for the current fiscal year, with estimates ranging from $601.60 million to $605.90 million. For the next year, analysts anticipate that the company will post sales of $622.67 million per share, with estimates ranging from $619.50 million to $626.10 million. Zacks’ sales averages are an average based on a survey of research firms that cover Trustmark.
Trustmark (NASDAQ:TRMK) last released its earnings results on Tuesday, July 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.05. The business had revenue of $155.76 million for the quarter, compared to analyst estimates of $151.50 million. Trustmark had a return on equity of 9.13% and a net margin of 19.01%. During the same quarter in the previous year, the company posted $0.47 earnings per share.
Shares of Trustmark traded down $0.03, reaching $35.07, during trading on Tuesday, MarketBeat reports. The company had a trading volume of 113,189 shares, compared to its average volume of 350,507. The firm has a market cap of $2.37 billion, a P/E ratio of 18.27 and a beta of 1.00. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.04. Trustmark has a fifty-two week low of $28.16 and a fifty-two week high of $35.68.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 15th. Investors of record on Saturday, September 1st will be paid a $0.23 dividend. The ex-dividend date is Thursday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.62%. Trustmark’s dividend payout ratio (DPR) is presently 47.92%.
In related news, insider Charles Scott Woods sold 2,000 shares of Trustmark stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $35.41, for a total value of $70,820.00. Following the sale, the insider now directly owns 13,998 shares in the company, valued at $495,669.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.50% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Guggenheim Capital LLC boosted its position in Trustmark by 8.2% during the fourth quarter. Guggenheim Capital LLC now owns 62,505 shares of the financial services provider’s stock worth $1,992,000 after purchasing an additional 4,712 shares in the last quarter. Raymond James & Associates boosted its position in Trustmark by 50.7% during the fourth quarter. Raymond James & Associates now owns 22,929 shares of the financial services provider’s stock worth $731,000 after purchasing an additional 7,711 shares in the last quarter. Teachers Advisors LLC boosted its position in Trustmark by 3.1% during the fourth quarter. Teachers Advisors LLC now owns 122,622 shares of the financial services provider’s stock worth $3,907,000 after purchasing an additional 3,635 shares in the last quarter. LPL Financial LLC boosted its position in Trustmark by 34.7% during the fourth quarter. LPL Financial LLC now owns 10,579 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 2,727 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Trustmark by 27.3% during the fourth quarter. Jane Street Group LLC now owns 10,529 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 2,255 shares in the last quarter. Hedge funds and other institutional investors own 60.97% of the company’s stock.
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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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.
See Also: Leveraged Buyout (LBO)
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