Brokerages expect Trustmark Co. (NASDAQ:TRMK) to announce sales of $155.17 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Trustmark’s earnings, with the highest sales estimate coming in at $160.10 million and the lowest estimate coming in at $151.10 million. Trustmark reported sales of $182.88 million during the same quarter last year, which indicates a negative year over year growth rate of 15.2%. The business is scheduled to issue its next quarterly earnings results on Tuesday, October 26th.
On average, analysts expect that Trustmark will report full year sales of $651.03 million for the current fiscal year, with estimates ranging from $639.90 million to $663.30 million. For the next financial year, analysts expect that the business will report sales of $631.27 million, with estimates ranging from $617.40 million to $658.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Trustmark.
Trustmark (NASDAQ:TRMK) last posted its quarterly earnings data on Monday, July 26th. The financial services provider reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.09. Trustmark had a net margin of 27.89% and a return on equity of 11.77%. The company had revenue of $178.79 million during the quarter, compared to the consensus estimate of $170.78 million. During the same quarter in the prior year, the company posted $0.51 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. New Mexico Educational Retirement Board grew its position in Trustmark by 18.0% in the second quarter. New Mexico Educational Retirement Board now owns 13,100 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 2,000 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Trustmark in the first quarter valued at approximately $243,000. GSA Capital Partners LLP acquired a new stake in Trustmark in the second quarter valued at approximately $926,000. Grantham Mayo Van Otterloo & Co. LLC grew its position in Trustmark by 90.2% in the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 113,153 shares of the financial services provider’s stock valued at $3,809,000 after acquiring an additional 53,653 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its position in Trustmark by 16.9% in the second quarter. Rafferty Asset Management LLC now owns 36,004 shares of the financial services provider’s stock valued at $1,109,000 after acquiring an additional 5,217 shares in the last quarter. 61.16% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ TRMK traded up $0.81 on Monday, reaching $32.73. 248,609 shares of the company traded hands, compared to its average volume of 313,322. Trustmark has a fifty-two week low of $20.52 and a fifty-two week high of $36.31. The company has a 50 day moving average of $30.67 and a 200 day moving average of $32.09. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $2.04 billion, a PE ratio of 10.07 and a beta of 1.05.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, 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 2.81%. The ex-dividend date of this dividend was Tuesday, August 31st. Trustmark’s dividend payout ratio (DPR) is presently 35.94%.
Trustmark Company Profile
Trustmark Corp. is a bank holding company. The firm engages in the provision of banking, wealth management and insurance solutions. It operates through the following segments: General Banking, Wealth Management and Insurance. The General Banking segment offers traditional banking products & services, including commercial and consumer banking services, such as checking accounts, savings programs, overdraft facilities, commercial, installment & real estate loans, home equity loans, lines of credit, drive-in & night deposit services and safe deposit facilities.
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