Trustmark Corporation (NASDAQ:TRMK) – Equities researchers at Jefferies Group issued their Q1 2018 earnings estimates for Trustmark Corporation in a report issued on Tuesday. Jefferies Group analyst C. Haire forecasts that the financial services provider will earn $0.44 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $36.00 target price on the stock. Jefferies Group also issued estimates for Trustmark Corporation’s Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.52 EPS and Q4 2018 earnings at $0.49 EPS.
Several other equities analysts have also commented on the stock. ValuEngine lowered shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Stephens set a $34.00 target price on shares of Trustmark Corporation and gave the stock a “hold” rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, BidaskClub lowered shares of Trustmark Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Trustmark Corporation currently has an average rating of “Hold” and a consensus target price of $33.80.
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Trustmark Corporation (NASDAQ TRMK) remained flat at $33.49 on Thursday. The stock had a trading volume of 47,851 shares. The firm has a 50 day moving average price of $31.21 and a 200 day moving average price of $31.69. The stock has a market cap of $2.27 billion, a P/E ratio of 19.72 and a beta of 1.17. Trustmark Corporation has a 12-month low of $26.81 and a 12-month high of $36.79.
Trustmark Corporation (NASDAQ:TRMK) last released its earnings results on Tuesday, July 25th. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03. The company had revenue of $157.10 million during the quarter, compared to analysts’ expectations of $152.57 million. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. During the same period last year, the firm earned $0.40 EPS.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Trustmark Corporation by 18,306.5% during the 1st quarter. BlackRock Inc. now owns 9,862,184 shares of the financial services provider’s stock valued at $313,520,000 after acquiring an additional 9,808,604 shares during the period. Vanguard Group Inc. lifted its stake in Trustmark Corporation by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,625,905 shares of the financial services provider’s stock valued at $180,929,000 after acquiring an additional 116,857 shares during the period. Dimensional Fund Advisors LP lifted its stake in Trustmark Corporation by 3.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,033,036 shares of the financial services provider’s stock valued at $161,864,000 after acquiring an additional 189,873 shares during the period. State Street Corp lifted its stake in Trustmark Corporation by 12.7% during the 1st quarter. State Street Corp now owns 3,447,765 shares of the financial services provider’s stock valued at $109,605,000 after acquiring an additional 388,060 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Trustmark Corporation by 4.2% during the 2nd quarter. Wells Fargo & Company MN now owns 2,253,867 shares of the financial services provider’s stock valued at $72,484,000 after acquiring an additional 91,676 shares during the period. Institutional investors own 62.36% of the company’s stock.
In other news, insider Charles Scott Woods sold 1,000 shares of Trustmark Corporation stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $32.00, for a total value of $32,000.00. Following the transaction, the insider now owns 13,344 shares of the company’s stock, valued at approximately $427,008. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.37% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Wednesday, August 30th. Trustmark Corporation’s dividend payout ratio (DPR) is 54.12%.
Trustmark Corporation Company Profile
Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.
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