Trustmark (TRMK) Projected to Post Quarterly Earnings on Tuesday

Trustmark (NASDAQ:TRMK) is projected to release its earnings data after the market closes on Tuesday, April 22nd. Analysts expect Trustmark to post earnings of $0.82 per share and revenue of $195.38 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. On average, analysts expect Trustmark to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Trustmark Price Performance

NASDAQ:TRMK opened at $32.75 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. The company has a 50-day moving average of $34.40 and a 200-day moving average of $35.60. Trustmark has a 52 week low of $26.65 and a 52 week high of $40.73. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 9.00 and a beta of 0.67.

Trustmark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, February 28th. This is a positive change from Trustmark’s previous quarterly dividend of $0.23. Trustmark’s dividend payout ratio is 26.37%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. DA Davidson boosted their target price on Trustmark from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Janney Montgomery Scott assumed coverage on Trustmark in a research note on Friday, January 24th. They issued a “buy” rating and a $42.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised their target price on Trustmark from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.60.

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.