Analysts Offer Predictions for Trustmark Corp’s Q2 2018 Earnings (TRMK)

Trustmark Corp (NASDAQ:TRMK) – Analysts at SunTrust Banks increased their Q2 2018 EPS estimates for shares of Trustmark in a report released on Monday. SunTrust Banks analyst J. Demba now expects that the financial services provider will post earnings of $0.59 per share for the quarter, up from their prior estimate of $0.53. SunTrust Banks currently has a “Hold” rating and a $38.00 price objective on the stock. SunTrust Banks also issued estimates for Trustmark’s Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $2.24 EPS and FY2019 earnings at $2.33 EPS.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Trustmark from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Wednesday, September 20th. ValuEngine cut shares of Trustmark from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 price target on shares of Trustmark in a report on Thursday, October 26th. Jefferies Group reissued a “hold” rating and set a $36.00 price target on shares of Trustmark in a report on Thursday, October 12th. Finally, BidaskClub raised shares of Trustmark from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Trustmark (NASDAQ TRMK) traded up $0.38 during midday trading on Tuesday, reaching $32.54. 485,800 shares of the company traded hands, compared to its average volume of 326,650. The stock has a market capitalization of $2,220.00, a PE ratio of 18.59 and a beta of 1.15. Trustmark has a 52-week low of $28.16 and a 52-week high of $35.32. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.04.

Trustmark (NASDAQ:TRMK) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Trustmark had a net margin of 18.56% and a return on equity of 8.21%. The business had revenue of $153.37 million during the quarter, compared to analysts’ expectations of $154.40 million. During the same period in the prior year, the company earned $0.47 earnings per share.

Institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Trustmark by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock worth $107,000 after buying an additional 296 shares during the period. Flinton Capital Management LLC grew its position in Trustmark by 37.6% during the second quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock worth $143,000 after buying an additional 1,216 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Trustmark during the third quarter worth about $202,000. Riverhead Capital Management LLC grew its position in Trustmark by 38.5% during the second quarter. Riverhead Capital Management LLC now owns 7,065 shares of the financial services provider’s stock worth $227,000 after buying an additional 1,965 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in Trustmark by 12.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,436 shares of the financial services provider’s stock worth $239,000 after buying an additional 844 shares during the period. Institutional investors own 62.54% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.23 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.92 annualized dividend and a yield of 2.83%. Trustmark’s payout ratio is currently 52.57%.

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About Trustmark

Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.

Earnings History and Estimates for Trustmark (NASDAQ:TRMK)

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