Q4 2017 EPS Estimates for Trustmark Corp (TRMK) Increased by Analyst

Trustmark Corp (NASDAQ:TRMK) – Stock analysts at Jefferies Group lifted their Q4 2017 earnings per share estimates for shares of Trustmark in a research report issued on Monday. Jefferies Group analyst C. Haire now forecasts that the financial services provider will post earnings per share of $0.46 for the quarter, up from their prior forecast of $0.45. Jefferies Group currently has a “Hold” rating and a $36.00 price objective on the stock.

A number of other analysts have also recently weighed in on the company. SunTrust Banks reiterated a “hold” rating and set a $38.00 price target on shares of Trustmark in a research report on Tuesday. BidaskClub cut Trustmark from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. ValuEngine cut Trustmark from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 target price on shares of Trustmark in a research report on Thursday, October 26th. Finally, Zacks Investment Research cut Trustmark from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $35.00.

Shares of Trustmark (NASDAQ TRMK) opened at $33.05 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2,220.00, a P/E ratio of 18.89 and a beta of 1.15. Trustmark has a 1 year low of $28.16 and a 1 year high of $35.32.

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

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Thursday, November 30th. Trustmark’s dividend payout ratio (DPR) is presently 52.57%.

Several hedge funds have recently modified their holdings of TRMK. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Trustmark by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 296 shares in the last quarter. Flinton Capital Management LLC boosted its stake in shares of Trustmark by 37.6% during the 2nd quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 1,216 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Trustmark during the 3rd quarter worth $202,000. Riverhead Capital Management LLC boosted its stake in shares of Trustmark by 38.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,065 shares of the financial services provider’s stock worth $227,000 after acquiring an additional 1,965 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Trustmark by 12.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,436 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 844 shares in the last quarter. Institutional investors own 62.54% of the company’s stock.

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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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