Trustmark (TRMK) Earning Somewhat Favorable News Coverage, Analysis Shows

Headlines about Trustmark (NASDAQ:TRMK) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Trustmark earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.2570821756749 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

A number of research firms recently issued reports on TRMK. ValuEngine downgraded shares of Trustmark from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. BidaskClub downgraded shares of Trustmark from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Finally, Zacks Investment Research downgraded shares of Trustmark from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $34.00.

Trustmark opened at $32.52 on Wednesday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.77 and a current ratio of 0.78. Trustmark has a 1-year low of $28.16 and a 1-year high of $35.09. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 16.94 and a beta of 1.03.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings data on Tuesday, April 24th. The financial services provider reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. Trustmark had a net margin of 16.75% and a return on equity of 8.67%. The firm had revenue of $152.10 million for the quarter, compared to the consensus estimate of $148.64 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. equities research analysts anticipate that Trustmark will post 2.19 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, May 31st. This represents a $0.92 annualized dividend and a yield of 2.83%. Trustmark’s payout ratio is 47.92%.

About Trustmark

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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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.

Insider Buying and Selling by Quarter for Trustmark (NASDAQ:TRMK)

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