Trustmark (NASDAQ:TRMK) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Trustmark (NASDAQ:TRMK) issued its quarterly earnings data 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 the consensus estimate of $192.77 million. During the same period in the previous year, the firm posted $0.64 EPS.

Trustmark Trading Up 0.1 %

TRMK traded up $0.02 during trading on Thursday, hitting $34.46. The company’s stock had a trading volume of 257,169 shares, compared to its average volume of 273,898. The firm’s 50 day moving average price is $32.60 and its 200-day moving average price is $30.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a market cap of $2.11 billion, a PE ratio of 13.41 and a beta of 0.73. Trustmark has a twelve month low of $18.96 and a twelve month high of $35.75.

Trustmark Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.92 annualized dividend and a yield of 2.67%. Trustmark’s dividend payout ratio (DPR) is presently 35.80%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Truist Financial cut their price objective on Trustmark from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, September 20th. DA Davidson lifted their price objective on Trustmark from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, StockNews.com downgraded Trustmark from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Trustmark has an average rating of “Hold” and an average price target 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.