Trustmark (NASDAQ:TRMK – Get Rating) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.14), Briefing.com reports. The firm had revenue of $225.13 million for the quarter, compared to the consensus estimate of $196.87 million. Trustmark had a net margin of 19.12% and a return on equity of 8.17%. During the same period last year, the business earned $0.42 EPS.
Trustmark Stock Performance
NASDAQ:TRMK traded down $3.07 during trading hours on Wednesday, reaching $29.95. The company had a trading volume of 116,326 shares, compared to its average volume of 265,233. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. Trustmark has a 52 week low of $26.67 and a 52 week high of $38.47. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 15.43 and a beta of 0.86. The firm’s 50 day moving average price is $34.95 and its 200-day moving average price is $33.57.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on TRMK shares. Hovde Group raised their price target on shares of Trustmark to $38.00 in a research report on Tuesday, November 1st. DA Davidson assumed coverage on shares of Trustmark in a research report on Monday, January 9th. They issued a “neutral” rating and a $38.00 target price for the company. Finally, StockNews.com assumed coverage on shares of Trustmark in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.
Institutional Investors Weigh In On 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 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.
- Get a free copy of the StockNews.com research report on Trustmark (TRMK)
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