Trustmark Corporation (NASDAQ:TRMK) – Investment analysts at Jefferies Group lowered their FY2017 earnings estimates for Trustmark Corporation in a research note issued on Monday. Jefferies Group analyst C. Haire now anticipates that the financial services provider will post earnings per share of $1.84 for the year, down from their prior estimate of $1.85. Jefferies Group has a “Hold” rating and a $36.00 price target on the stock. Jefferies Group also issued estimates for Trustmark Corporation’s Q4 2017 earnings at $0.43 EPS.
Other equities analysts have also recently issued reports about the stock. Stephens set a $35.00 price objective on shares of Trustmark Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Zacks Investment Research cut shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Trustmark Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, ValuEngine cut shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.80.
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Shares of Trustmark Corporation (NASDAQ:TRMK) opened at 33.49 on Wednesday. The company has a market capitalization of $2.27 billion, a PE ratio of 19.72 and a beta of 1.17. The stock’s 50 day moving average is $31.21 and its 200 day moving average is $31.69. Trustmark Corporation has a 1-year low of $26.81 and a 1-year high of $36.79.
Trustmark Corporation (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03. Trustmark Corporation had a net margin of 18.35% and a return on equity of 8.04%. The business had revenue of $157.10 million for the quarter, compared to analysts’ expectations of $152.57 million. During the same period in the prior year, the firm earned $0.40 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Wednesday, August 30th. Trustmark Corporation’s payout ratio is 54.12%.
In other Trustmark Corporation news, insider Charles Scott Woods sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $32.00, for a total transaction of $32,000.00. Following the sale, the insider now directly owns 13,344 shares of the company’s stock, valued at approximately $427,008. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.37% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of TRMK. Great West Life Assurance Co. Can grew its holdings in Trustmark Corporation by 3.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 38,207 shares of the financial services provider’s stock worth $1,214,000 after acquiring an additional 1,124 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Trustmark Corporation by 14.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 41,774 shares of the financial services provider’s stock valued at $1,328,000 after purchasing an additional 5,422 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Trustmark Corporation by 0.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,592 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 61 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Trustmark Corporation by 1.1% in the 1st quarter. JPMorgan Chase & Co. now owns 783,950 shares of the financial services provider’s stock valued at $24,921,000 after purchasing an additional 8,164 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Trustmark Corporation by 9.3% in the 1st quarter. Stifel Financial Corp now owns 19,741 shares of the financial services provider’s stock valued at $628,000 after purchasing an additional 1,683 shares during the last quarter. 62.36% of the stock is currently owned by hedge funds and other institutional investors.
Trustmark Corporation Company Profile
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.
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