Trustmark Corporation (NASDAQ:TRMK) Given Price Target Of $26.333


As per Trustmark Corporation (NASDAQ:TRMK)’s news release on 2016-07-26, its shareholders will get cash dividend of $0.23 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-01 and 2016-09-15, respectively.

The stock will commence trading ex-dividend from 2016-08-30, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Trustmark Corporation (NASDAQ:TRMK) disbursed $0.23 in dividend compared to distribution of $0.23, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Trustmark Corporation (NASDAQ:TRMK) to attain a price target of $26.333. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $29. The low price range is set at $24 for next year while the arithmetic mean is seen at 3.

Eyeing Earnings Trustmark Corporation (NASDAQ:TRMK) is likely to post quarterly numbers around 2016-10-25 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.46 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Trustmark Corporation (NASDAQ:TRMK) earnings came at $0.4 suggesting a deviation of $-0.01. The brokerages targeted EPS of $0.41 for the quarter.

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