WINTON GROUP Ltd Boosts Stock Holdings in Trustmark Co. (NASDAQ:TRMK)

WINTON GROUP Ltd increased its holdings in Trustmark Co. (NASDAQ:TRMK - Free Report) by 59.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,655 shares of the financial services provider's stock after purchasing an additional 11,017 shares during the quarter. WINTON GROUP Ltd's holdings in Trustmark were worth $1,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TRMK. Jones Financial Companies Lllp bought a new stake in shares of Trustmark in the 4th quarter valued at about $37,000. KBC Group NV lifted its stake in shares of Trustmark by 43.0% in the fourth quarter. KBC Group NV now owns 3,163 shares of the financial services provider's stock worth $112,000 after acquiring an additional 951 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Trustmark in the third quarter valued at approximately $130,000. Point72 DIFC Ltd acquired a new stake in Trustmark during the 3rd quarter valued at approximately $170,000. Finally, Cibc World Markets Corp bought a new position in Trustmark during the 4th quarter worth approximately $201,000. 67.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TRMK shares. Keefe, Bruyette & Woods upped their price objective on shares of Trustmark from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. DA Davidson upped 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. Finally, Janney Montgomery Scott assumed coverage on Trustmark in a report on Friday, January 24th. They set a "buy" rating and a $42.00 price target for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $40.60.

Remove Ads

Trustmark Price Performance

Shares of Trustmark stock traded down $0.05 on Wednesday, hitting $34.46. 54,735 shares of the company traded hands, compared to its average volume of 288,129. Trustmark Co. has a 12-month low of $25.41 and a 12-month high of $40.73. The firm's 50-day simple moving average is $35.97 and its 200 day simple moving average is $35.62. The company has a market cap of $2.10 billion, a P/E ratio of 9.46 and a beta of 0.71. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09.

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

Trustmark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were given 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 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Friday, February 28th. Trustmark's dividend payout ratio (DPR) is presently 26.37%.

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.