Trustmark Co. (NASDAQ:TRMK) Short Interest Update

Trustmark Co. (NASDAQ:TRMK - Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,780,000 shares, an increase of 21.1% from the February 13th total of 1,470,000 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average daily volume of 289,200 shares, the short-interest ratio is currently 6.2 days.

Hedge Funds Weigh In On Trustmark

A number of institutional investors and hedge funds have recently bought and sold shares of TRMK. Wealth Enhancement Advisory Services LLC bought a new position in Trustmark in the 4th quarter valued at approximately $212,000. Public Employees Retirement System of Ohio raised its stake in shares of Trustmark by 165.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,289 shares of the financial services provider's stock valued at $116,000 after acquiring an additional 2,051 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Trustmark by 18.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,552 shares of the financial services provider's stock valued at $4,476,000 after acquiring an additional 19,482 shares during the last quarter. Waverly Advisors LLC lifted its holdings in shares of Trustmark by 13.3% during the fourth quarter. Waverly Advisors LLC now owns 35,019 shares of the financial services provider's stock worth $1,239,000 after purchasing an additional 4,121 shares during the period. Finally, Vident Advisory LLC bought a new stake in shares of Trustmark in the fourth quarter worth $220,000. Institutional investors and hedge funds own 67.64% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TRMK. DA Davidson upped their target price on shares of Trustmark from $40.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Janney Montgomery Scott started coverage on Trustmark in a report on Friday, January 24th. They issued a "buy" rating and a $42.00 target price for the company. Finally, Keefe, Bruyette & Woods raised their target price on Trustmark from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $38.67.

Trustmark Stock Performance

TRMK stock traded up $0.06 during mid-day trading on Friday, hitting $34.01. 1,083,485 shares of the company were exchanged, compared to its average volume of 263,224. Trustmark has a 1-year low of $25.41 and a 1-year high of $40.73. The stock has a market capitalization of $2.07 billion, a PE ratio of 9.34 and a beta of 0.71. The business has a 50 day simple moving average of $35.96 and a 200-day simple moving average of $35.46. 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 analysts' consensus estimates of $0.83 by $0.09. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. On average, equities analysts forecast that Trustmark will post 3.42 earnings per share for the current year.

Trustmark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Friday, February 28th. This is a boost from Trustmark's previous quarterly dividend of $0.23. Trustmark's payout ratio is presently 26.37%.

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.