Fisher Asset Management LLC Sells 34,895 Shares of Trustmark Co. (NASDAQ:TRMK)

Fisher Asset Management LLC cut its position in Trustmark Co. (NASDAQ:TRMK - Free Report) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,537 shares of the financial services provider's stock after selling 34,895 shares during the quarter. Fisher Asset Management LLC owned about 0.59% of Trustmark worth $12,858,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TRMK. Harbor Capital Advisors Inc. lifted its stake in Trustmark by 2.4% during the third quarter. Harbor Capital Advisors Inc. now owns 17,356 shares of the financial services provider's stock worth $552,000 after purchasing an additional 415 shares during the last quarter. HB Wealth Management LLC grew its holdings in Trustmark by 0.7% in the fourth quarter. HB Wealth Management LLC now owns 74,634 shares of the financial services provider's stock worth $2,640,000 after purchasing an additional 528 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Trustmark by 1.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 54,274 shares of the financial services provider's stock worth $1,920,000 after purchasing an additional 528 shares in the last quarter. Element Wealth LLC increased its holdings in Trustmark by 6.3% during the 4th quarter. Element Wealth LLC now owns 9,018 shares of the financial services provider's stock worth $319,000 after purchasing an additional 533 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Trustmark by 19.0% during the fourth quarter. Blue Trust Inc. now owns 5,896 shares of the financial services provider's stock worth $209,000 after purchasing an additional 943 shares during the last quarter. 67.64% of the stock is owned by institutional investors and hedge funds.

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Trustmark Stock Performance

Shares of NASDAQ TRMK traded down $0.17 during trading on Friday, hitting $34.54. The company had a trading volume of 355,218 shares, compared to its average volume of 258,108. The firm has a market capitalization of $2.10 billion, a P/E ratio of 9.49 and a beta of 0.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a 50 day simple moving average of $36.18 and a 200 day simple moving average of $35.35. Trustmark Co. has a 12 month low of $25.24 and a 12 month high of $40.73.

Trustmark (NASDAQ:TRMK - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. As a group, analysts anticipate that Trustmark Co. will post 3.42 earnings per share for the current year.

Trustmark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be paid a dividend of $0.24 per share. This is a boost from Trustmark's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.78%. The ex-dividend date is Friday, February 28th. Trustmark's payout ratio is presently 26.37%.

Analysts Set New Price Targets

TRMK has been the topic of several research reports. DA Davidson boosted their price target on shares of Trustmark from $40.00 to $41.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Janney Montgomery Scott assumed coverage on Trustmark in a research report on Friday, January 24th. They set a "buy" rating and a $42.00 price target on the stock. Finally, Keefe, Bruyette & Woods increased their price target on shares of Trustmark from $45.00 to $47.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $38.67.

Trustmark Company Profile

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.