Trustmark Corp (NASDAQ:TRMK) – Analysts at Jefferies Financial Group lifted their Q2 2019 earnings estimates for Trustmark in a research report issued to clients and investors on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now expects that the financial services provider will earn $0.55 per share for the quarter, up from their previous estimate of $0.54. Jefferies Financial Group also issued estimates for Trustmark’s Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.55 EPS, FY2019 earnings at $2.15 EPS and FY2020 earnings at $2.35 EPS.
Trustmark (NASDAQ:TRMK) last released its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). Trustmark had a net margin of 18.99% and a return on equity of 9.21%. The firm had revenue of $157.23 million during the quarter, compared to analysts’ expectations of $155.38 million. During the same period in the previous year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis.
NASDAQ TRMK opened at $29.25 on Friday. Trustmark has a 1-year low of $26.84 and a 1-year high of $36.32. The company has a market capitalization of $1.97 billion, a P/E ratio of 15.23 and a beta of 1.05. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 0.04.
Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Trustmark by 1.4% during the 3rd quarter. BlackRock Inc. now owns 9,411,446 shares of the financial services provider’s stock worth $316,695,000 after acquiring an additional 131,591 shares during the period. Vanguard Group Inc lifted its holdings in shares of Trustmark by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 6,008,142 shares of the financial services provider’s stock worth $202,174,000 after acquiring an additional 65,576 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Trustmark by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,008,142 shares of the financial services provider’s stock worth $202,174,000 after acquiring an additional 65,576 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Trustmark by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,442,855 shares of the financial services provider’s stock worth $183,152,000 after acquiring an additional 29,984 shares during the period. Finally, Earnest Partners LLC lifted its holdings in shares of Trustmark by 0.9% during the 3rd quarter. Earnest Partners LLC now owns 2,344,083 shares of the financial services provider’s stock worth $78,878,000 after acquiring an additional 20,265 shares during the period. Institutional investors and hedge funds own 71.36% of the company’s stock.
In related news, Director Leroy G. Walker, Jr. sold 1,789 shares of the business’s stock in a transaction on Monday, December 10th. The shares were sold at an average price of $30.35, for a total value of $54,296.15. Following the sale, the director now directly owns 13,159 shares of the company’s stock, valued at approximately $399,375.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles Scott Woods sold 1,500 shares of the business’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $31.65, for a total transaction of $47,475.00. Following the completion of the sale, the insider now directly owns 12,398 shares in the company, valued at $392,396.70. The disclosure for this sale can be found here. Insiders sold a total of 5,289 shares of company stock valued at $163,671 in the last three months. 1.50% of the stock is owned by company insiders.
The company also recently declared a quarterly dividend, which was paid on Saturday, December 15th. Stockholders of record on Saturday, December 1st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Thursday, November 29th. Trustmark’s dividend payout ratio (DPR) is 47.92%.
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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