Trustmark (NASDAQ:TRMK) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Trustmark (NASDAQ:TRMKGet Free Report) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08, reports. The firm had revenue of $288.55 million during the quarter, compared to the consensus estimate of $187.03 million. Trustmark had a return on equity of 10.77% and a net margin of 15.06%. During the same period in the prior year, the business earned $0.82 EPS.

Trustmark Price Performance

NASDAQ TRMK opened at $27.85 on Wednesday. Trustmark has a fifty-two week low of $18.96 and a fifty-two week high of $28.65. The stock’s 50-day moving average is $26.71 and its two-hundred day moving average is $25.39. The firm has a market cap of $1.70 billion, a P/E ratio of 10.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.84.

Wall Street Analyst Weigh In

Several analysts recently commented on TRMK shares. DA Davidson restated a “neutral” rating on shares of Trustmark in a report on Monday, January 15th. Keefe, Bruyette & Woods upped their price target on shares of Trustmark from $27.00 to $30.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. Piper Sandler reissued a “neutral” rating and set a $29.00 price objective on shares of Trustmark in a research report on Tuesday, March 26th. Truist Financial upped their target price on Trustmark from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, April 1st. Finally, TheStreet upgraded Trustmark from a “c+” rating to a “b” rating in a report on Tuesday, January 23rd. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $29.67.

Check Out Our Latest Stock Analysis on Trustmark

Trustmark Company Profile

(Get Free Report)

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.

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Earnings History for Trustmark (NASDAQ:TRMK)

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