Trustmark (NASDAQ:TRMK – Get Free Report) announced its quarterly earnings results 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. Trustmark had a return on equity of 9.32% and a net margin of 16.24%. The business had revenue of $192.30 million during the quarter, compared to the consensus estimate of $192.77 million. During the same quarter in the prior year, the company posted $0.64 earnings per share.
Trustmark Stock Performance
Shares of TRMK stock opened at $34.44 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average of $32.55 and a 200 day moving average of $30.88. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 13.40 and a beta of 0.73. Trustmark has a 52 week low of $18.96 and a 52 week high of $35.75.
Trustmark Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, November 29th. This represents a $0.92 annualized dividend and a dividend yield of 2.67%. Trustmark’s dividend payout ratio (DPR) is presently 35.80%.
Analyst Ratings Changes
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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.
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