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

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

Trustmark Stock Down 0.2 %

Trustmark stock opened at $34.44 on Thursday. Trustmark has a twelve month low of $18.96 and a twelve month high of $35.75. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $32.55 and a two-hundred day moving average of $30.88. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 13.40 and a beta of 0.73.

Wall Street Analysts Forecast Growth

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

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 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.