Revenue Update on Trustmark Corp(NASDAQ:TRMK)

Trustmark Corp(NASDAQ:TRMK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $145.14M. Analysts estimated a revenue of $145.33M. Earnings per share were $0.40. Analysts had estimated an EPS of $0.36.

In a different note, On Jun 9, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Trustmark Corp. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Neutral’ by the firm.

Trustmark Corp (TRMK) shares turned negative on Fridays trading session with the shares closing down -0.17 points or -0.65% at a volume of 4,81,272. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.34. The peak price level was also seen at $26.34 while the days lowest was $26.08. Finally the shares closed at $26.1. The 52-week high of the shares is $26.62 while the 52-week low is $19.75. According to the latest information available, the market cap of the company is $1,765 M.

Several Insider Transactions has been reported to the SEC. On Feb 2, 2016, Donald Glynn Ingram (Executive Officer of) purchased 836 shares at $21.30 per share price.Also, On Nov 2, 2015, T Harris Iii Collier (Sec. of) sold 15,038 shares at $24.67 per share price.On Jan 30, 2015, Gerard R Host (President) purchased 10,000 shares at $21.29 per share price, according to the Form-4 filing with the securities and exchange commission.

Trustmark Corporation (Trustmark) is a bank holding company. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and other subsidiaries Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama Florida Mississippi Tennessee and Texas. The Company operates through three segments: General Banking Insurance and Wealth Management. TNB provides a range of commercial banking services to corporations and other business customers. TNB also provides deposit services including checking savings and money market accounts and certificates of deposit as well as treasury management services. In addition TNB provides customers with installment and real estate loans and lines of credit. TNB provides mortgage banking services including construction financing production of conventional and government insured mortgages secondary marketing and mortgage servicing.

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