Trustmark (NASDAQ:TRMK – Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03, Briefing.com reports. The firm had revenue of $283.96 million during the quarter, compared to analyst estimates of $229.83 million. Trustmark had a net margin of 16.24% and a return on equity of 9.66%. During the same quarter last year, the business posted $0.74 EPS.
Trustmark Stock Performance
NASDAQ TRMK traded up $0.70 on Thursday, hitting $34.30. 468,306 shares of the company traded hands, compared to its average volume of 278,242. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 13.55 and a beta of 0.75. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average price is $29.98 and its 200-day moving average price is $28.35. Trustmark has a 52-week low of $18.96 and a 52-week high of $35.13.
Trustmark Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 2.68%. Trustmark’s dividend payout ratio is currently 35.80%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Trustmark
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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