FY2017 EPS Estimates for Trustmark Corporation Boosted by SunTrust Banks (NASDAQ:TRMK)

Trustmark Corporation (NASDAQ:TRMK) – Equities researchers at SunTrust Banks raised their FY2017 earnings estimates for Trustmark Corporation in a research note issued on Monday, according to Zacks Investment Research. SunTrust Banks analyst J. Demba now expects that the financial services provider will post earnings per share of $1.92 for the year, up from their prior forecast of $1.87. SunTrust Banks also issued estimates for Trustmark Corporation’s Q4 2017 earnings at $0.48 EPS and Q1 2018 earnings at $0.46 EPS.

TRMK has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Trustmark Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. ValuEngine raised shares of Trustmark Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Jefferies Group LLC reissued a “hold” rating and issued a $36.00 price objective on shares of Trustmark Corporation in a report on Thursday, October 12th. Finally, BidaskClub downgraded shares of Trustmark Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $34.40.

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Shares of Trustmark Corporation (TRMK) opened at $31.54 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2,136.59, a PE ratio of 16.78 and a beta of 1.16. Trustmark Corporation has a twelve month low of $28.16 and a twelve month high of $36.79.

Trustmark Corporation (NASDAQ:TRMK) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $153.37 million during the quarter, compared to the consensus estimate of $154.40 million. Trustmark Corporation had a net margin of 18.56% and a return on equity of 8.21%. During the same quarter in the previous year, the firm posted $0.47 EPS.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, November 30th. Trustmark Corporation’s dividend payout ratio (DPR) is presently 52.57%.

Several institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Trustmark Corporation by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 296 shares in the last quarter. Creative Planning increased its position in Trustmark Corporation by 7.0% during the 2nd quarter. Creative Planning now owns 3,705 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 241 shares in the last quarter. Flinton Capital Management LLC increased its position in Trustmark Corporation by 37.6% during the 2nd quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,216 shares in the last quarter. Integrated Investment Consultants LLC increased its position in Trustmark Corporation by 13.8% during the 2nd quarter. Integrated Investment Consultants LLC now owns 4,925 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 598 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in Trustmark Corporation by 21.1% during the 2nd quarter. LS Investment Advisors LLC now owns 5,411 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 941 shares in the last quarter. 62.37% of the stock is owned by institutional investors.

About Trustmark Corporation

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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Earnings History and Estimates for Trustmark Corporation (NASDAQ:TRMK)

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