Trustmark Corporation (NASDAQ:TRMK) announced a quarterly dividend on Wednesday, July 26th, Zacks reports. Investors of record on Friday, September 1st will be paid a dividend of 0.23 per share by the financial services provider on Friday, September 15th. This represents a $0.92 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Wednesday, August 30th.
Shares of Trustmark Corporation (NASDAQ TRMK) opened at 29.99 on Friday. The company has a market cap of $2.03 billion, a PE ratio of 17.66 and a beta of 1.13. The firm’s 50-day moving average price is $31.44 and its 200-day moving average price is $32.07. Trustmark Corporation has a 12 month low of $26.81 and a 12 month high of $36.79.
Trustmark Corporation (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. The company had revenue of $157.10 million during the quarter, compared to the consensus estimate of $152.57 million. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. During the same period last year, the business posted $0.40 earnings per share. Equities analysts predict that Trustmark Corporation will post $1.75 EPS for the current fiscal year.
A number of analysts recently commented on the company. Stephens set a $34.00 price target on Trustmark Corporation and gave the company a “hold” rating in a research report on Monday, August 7th. ValuEngine downgraded Trustmark Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $35.00 price target on shares of Trustmark Corporation in a research report on Friday, June 9th. BidaskClub downgraded Trustmark Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research downgraded Trustmark Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $34.00.
In other Trustmark Corporation news, insider Charles Scott Woods sold 1,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $32.00, for a total value of $32,000.00. Following the completion of the sale, the insider now directly owns 13,344 shares of the company’s stock, valued at $427,008. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Duane A. Dewey sold 5,748 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $30.85, for a total value of $177,325.80. Following the completion of the sale, the insider now directly owns 27,909 shares of the company’s stock, valued at $860,992.65. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.
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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