Trustmark Corporation (NASDAQ:TRMK) provider of financial products and services, is expected to report third quarter earnings results, after market close, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.52 per share.
Looking ahead, the full year income are expected at $ 1.78 per share on the revenues of $ 693.44 million.
Previous Quarter Performance
Trustmark Corporation unwinded income for the second quarter of $ 0.51 per share, from the revenue of $ 177.52 million. The quarterly earnings contracted 21.54 percent while revenues increased 13.54 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.25 per share from $ 160.38 million in revenue. The bottom line results beat street analysts by $ 0.26 or 104.00 percent, at the same time, top line results outshined analysts by $ 17.14 million or 10.69 percent.
Stock Performance
Shares of Trustmark Corporation traded up $ 0.07 or 0.29 percent on Friday, reaching $ 24.47 with volume of 154.00 thousand shares. Trustmark Corporation has traded high as $ 24.98 and has cracked $ 24.19 on the downward trend
According to the previous trading day, closing price of $ 24.47, representing a 21.51 % increase from the 52 week low of $ 20.08 and a 31.88 % decrease over the 52 week high of $ 35.82.
The company has a market capital of $ 1.55 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 30th September 2020, maintained by Piper Sandler at Neutral rating, with $ 25.00 target price.
Recent Stock Dividend Announcement
On July 28, 2020, the board of directors authorized quarterly dividend of $ 0.23 per share to holders of record as of the close of business on September 1, 2020, with payment date of September 15, 2020 and ex-dividend date on August 31, 2020.
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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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. It also provides mortgage banking services, including construction financing, production of conventional and government insured mortgages, and secondary marketing and mortgage servicing; overdraft facilities; and treasury management services.
