Trustmark (NASDAQ:TRMK) Issues Quarterly Earnings Results

Trustmark (NASDAQ:TRMK) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.08, Briefing.com reports. The company had revenue of $288.55 million during the quarter, compared to analysts’ expectations of $187.03 million. Trustmark had a return on equity of 10.77% and a net margin of 15.06%. During the same quarter last year, the company earned $0.82 EPS.

Trustmark Price Performance

Shares of NASDAQ TRMK opened at $27.85 on Wednesday. Trustmark has a 1-year low of $18.96 and a 1-year high of $28.65. The firm has a market cap of $1.70 billion, a P/E ratio of 10.17 and a beta of 0.82. The business’s 50 day moving average is $26.71 and its 200-day moving average is $25.39. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11.

Analyst Upgrades and Downgrades

TRMK has been the subject of several recent analyst reports. StockNews.com raised Trustmark from a “sell” rating to a “hold” rating in a report on Friday, April 19th. TheStreet upgraded shares of Trustmark from a “c+” rating to a “b” rating in a research note on Tuesday, January 23rd. DA Davidson restated a “neutral” rating on shares of Trustmark in a research note on Monday, January 15th. Keefe, Bruyette & Woods raised their target price on shares of Trustmark from $27.00 to $30.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. Finally, Piper Sandler restated a “neutral” rating and issued a $29.00 price objective on shares of Trustmark in a research note on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Trustmark currently has a consensus rating of “Hold” and a consensus price target of $29.67.

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.