Trustmark (NASDAQ:TRMK) Releases Earnings Results, Beats Estimates By $0.02 EPS

Trustmark (NASDAQ:TRMK) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02, Yahoo Finance reports. Trustmark had a return on equity of 9.32% and a net margin of 16.24%. The firm had revenue of $192.30 million during the quarter, compared to analyst estimates of $192.77 million. During the same period in the previous year, the company posted $0.64 EPS.

Trustmark Stock Up 0.6 %

Shares of Trustmark stock traded up $0.21 during midday trading on Wednesday, hitting $34.71. The company had a trading volume of 79,796 shares, compared to its average volume of 272,479. The stock has a market capitalization of $2.12 billion, a P/E ratio of 13.42 and a beta of 0.73. The company has a 50 day moving average of $32.48 and a 200 day moving average of $30.85. Trustmark has a 52-week low of $18.96 and a 52-week high of $35.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.86 and a current ratio of 0.87.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRMK. StockNews.com lowered shares of Trustmark from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Truist Financial lowered their price target on Trustmark from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Finally, DA Davidson lifted their price objective on shares of Trustmark from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Trustmark presently has a consensus rating of “Hold” and an average price target of $34.50.

Trustmark Company Profile

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 operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; 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, as well as treasury management services.