Renaissance Technologies LLC Purchases Shares of 53,362 Trustmark Co. (NASDAQ:TRMK)

Renaissance Technologies LLC acquired a new position in shares of Trustmark Co. (NASDAQ:TRMK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 53,362 shares of the financial services provider's stock, valued at approximately $1,887,000. Renaissance Technologies LLC owned about 0.09% of Trustmark at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC increased its position in shares of Trustmark by 4.7% during the fourth quarter. AlphaQuest LLC now owns 10,157 shares of the financial services provider's stock valued at $359,000 after acquiring an additional 456 shares during the last quarter. HB Wealth Management LLC raised its position 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 valued at $2,640,000 after purchasing an additional 528 shares during the period. Oppenheimer Asset Management Inc. raised its position in Trustmark by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 54,274 shares of the financial services provider's stock valued at $1,920,000 after purchasing an additional 528 shares during the period. Element Wealth LLC lifted its stake in Trustmark by 6.3% during the fourth 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, Swiss National Bank boosted its position in shares of Trustmark by 0.7% during the fourth quarter. Swiss National Bank now owns 114,400 shares of the financial services provider's stock worth $4,046,000 after buying an additional 800 shares during the period. 67.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on TRMK. Keefe, Bruyette & Woods decreased their target price on Trustmark from $45.00 to $43.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Hovde Group increased their price target on shares of Trustmark from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday. DA Davidson lifted their price objective on shares of Trustmark from $40.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, Janney Montgomery Scott started coverage on shares of Trustmark in a research note on Friday, January 24th. They set a "buy" rating and a $42.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $39.80.

Trustmark Stock Up 1.2 %

TRMK stock traded up $0.41 during mid-day trading on Tuesday, reaching $34.09. The company had a trading volume of 238,623 shares, compared to its average volume of 298,820. Trustmark Co. has a fifty-two week low of $27.42 and a fifty-two week high of $40.73. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 9.37 and a beta of 0.67. 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 firm has a fifty day simple moving average of $33.88 and a 200 day simple moving average of $35.66.

Trustmark (NASDAQ:TRMK - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. The company had revenue of $231.83 million during the quarter, compared to the consensus estimate of $195.38 million. Analysts forecast that Trustmark Co. will post 3.42 earnings per share for the current fiscal year.

Trustmark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.82%. Trustmark's payout ratio is currently 25.00%.

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.