Equities analysts predict that Trustmark Corp (NASDAQ:TRMK) will post sales of $160.95 million for the current quarter, according to Zacks. Two analysts have issued estimates for Trustmark’s earnings, with the highest sales estimate coming in at $161.40 million and the lowest estimate coming in at $160.50 million. Trustmark posted sales of $157.23 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The business is scheduled to report its next quarterly earnings results after the market closes on Tuesday, October 22nd.
On average, analysts expect that Trustmark will report full year sales of $627.00 million for the current financial year, with estimates ranging from $626.40 million to $627.60 million. For the next fiscal year, analysts expect that the business will report sales of $631.20 million, with estimates ranging from $627.10 million to $635.30 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Trustmark.
Trustmark (NASDAQ:TRMK) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.08. The business had revenue of $157.40 million during the quarter, compared to the consensus estimate of $156.35 million. Trustmark had a return on equity of 9.28% and a net margin of 21.20%. During the same period last year, the company earned $0.59 earnings per share.
Shares of Trustmark stock traded down $0.08 during trading on Thursday, hitting $34.91. 354,958 shares of the stock traded hands, compared to its average volume of 350,468. The firm has a market cap of $2.25 billion, a P/E ratio of 15.80 and a beta of 1.10. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. Trustmark has a 52-week low of $26.84 and a 52-week high of $36.63. The stock’s fifty day simple moving average is $33.91 and its 200 day simple moving average is $33.76.
In other Trustmark news, insider Breck W. Tyler sold 19,398 shares of Trustmark stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $33.70, for a total value of $653,712.60. Following the transaction, the insider now owns 23,656 shares in the company, valued at $797,207.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Earnest Partners LLC grew its stake in Trustmark by 1.5% in the second quarter. Earnest Partners LLC now owns 2,349,246 shares of the financial services provider’s stock valued at $78,112,000 after purchasing an additional 35,008 shares during the last quarter. Northern Trust Corp grew its stake in Trustmark by 1.0% in the second quarter. Northern Trust Corp now owns 2,016,026 shares of the financial services provider’s stock valued at $67,034,000 after purchasing an additional 19,016 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Trustmark by 1.8% in the second quarter. JPMorgan Chase & Co. now owns 1,571,812 shares of the financial services provider’s stock valued at $51,445,000 after purchasing an additional 28,432 shares during the last quarter. Invesco Ltd. grew its stake in Trustmark by 7.2% in the second quarter. Invesco Ltd. now owns 1,161,403 shares of the financial services provider’s stock valued at $38,617,000 after purchasing an additional 77,956 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Trustmark by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 913,854 shares of the financial services provider’s stock worth $30,386,000 after acquiring an additional 4,600 shares in the last quarter. Institutional investors own 66.71% of the company’s stock.
Trustmark Company Profile
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.
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