Trustmark (NASDAQ:TRMK) Announces Quarterly Earnings Results

Trustmark (NASDAQ:TRMK) announced its earnings results on Tuesday. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.02, Yahoo Finance reports. Trustmark had a return on equity of 9.32% and a net margin of 16.24%. The firm had revenue of $192.30 million during the quarter, compared to analyst estimates of $192.77 million. During the same quarter in the prior year, the company earned $0.64 EPS.

Trustmark Stock Down 0.2 %

TRMK stock opened at $34.44 on Thursday. The stock has a market capitalization of $2.11 billion, a P/E ratio of 13.40 and a beta of 0.73. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.87 and a quick ratio of 0.86. Trustmark has a 1-year low of $18.96 and a 1-year high of $35.75. The business has a fifty day moving average price of $32.55 and a 200-day moving average price of $30.88.

Trustmark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, November 29th. Trustmark’s payout ratio is 35.80%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TRMK. Truist Financial reduced their target price on shares of Trustmark from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. StockNews.com downgraded Trustmark from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Finally, DA Davidson upped their price target on shares of Trustmark from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.50.

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 operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; 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, as well as treasury management services.