Vanguard Group Inc. grew its holdings in shares of Trustmark Co. (NASDAQ:TRMK - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,686,247 shares of the financial services provider's stock after acquiring an additional 30,057 shares during the quarter. Vanguard Group Inc. owned 10.93% of Trustmark worth $236,493,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in TRMK. State Street Corp grew its holdings in shares of Trustmark by 0.8% during the 3rd quarter. State Street Corp now owns 3,090,988 shares of the financial services provider's stock valued at $98,355,000 after purchasing an additional 24,450 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Trustmark by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,461,545 shares of the financial services provider's stock worth $46,515,000 after buying an additional 15,627 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Trustmark by 32.6% during the third quarter. Wellington Management Group LLP now owns 1,356,853 shares of the financial services provider's stock worth $43,175,000 after buying an additional 333,390 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Trustmark by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 894,807 shares of the financial services provider's stock worth $31,649,000 after buying an additional 6,683 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Trustmark by 6.8% in the 3rd quarter. Principal Financial Group Inc. now owns 598,969 shares of the financial services provider's stock valued at $19,059,000 after acquiring an additional 37,989 shares during the last quarter. Institutional investors own 67.64% of the company's stock.
Trustmark Trading Down 5.4 %
Shares of Trustmark stock traded down $1.77 during midday trading on Thursday, reaching $31.11. The company had a trading volume of 500,770 shares, compared to its average volume of 296,774. The stock has a fifty day moving average price of $35.12 and a 200 day moving average price of $35.54. Trustmark Co. has a fifty-two week low of $25.41 and a fifty-two week high of $40.73. The firm has a market cap of $1.89 billion, a PE ratio of 8.55 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86.
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 net margin of 19.42% and a return on equity of 10.12%. On average, equities analysts anticipate that Trustmark Co. will post 3.42 earnings per share for the current year.
Trustmark Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were given a $0.24 dividend. The ex-dividend date was Friday, February 28th. This is a positive change from Trustmark's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 3.09%. Trustmark's dividend payout ratio (DPR) is 26.37%.
Analyst Ratings Changes
A number of equities analysts have issued reports on TRMK shares. Keefe, Bruyette & Woods upped their target price on Trustmark from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. DA Davidson upped their price objective on Trustmark from $40.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Finally, Janney Montgomery Scott began coverage on shares of Trustmark in a research report 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 assigned a buy rating to the stock. Based on data from MarketBeat, Trustmark currently has a consensus rating of "Hold" and a consensus price target of $40.60.
Check Out Our Latest Research Report on TRMK
About Trustmark
(
Free Report)
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.
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