Thrivent Financial For Lutherans lowered its stake in shares of Trustmark Corporation (NASDAQ:TRMK) by 69.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,720 shares of the financial services provider’s stock after selling 31,890 shares during the period. Thrivent Financial For Lutherans’ holdings in Trustmark Corporation were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Trustmark Corporation by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 296 shares during the last quarter. Creative Planning raised its stake in Trustmark Corporation by 7.0% in the 2nd quarter. Creative Planning now owns 3,705 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 241 shares during the last quarter. Integrated Investment Consultants LLC grew its position in Trustmark Corporation by 13.8% during the 2nd quarter. Integrated Investment Consultants LLC now owns 4,925 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 598 shares during the period. LS Investment Advisors LLC grew its position in Trustmark Corporation by 21.1% during the 2nd quarter. LS Investment Advisors LLC now owns 5,411 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 941 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in Trustmark Corporation by 0.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,592 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 61 shares during the period. Institutional investors own 62.35% of the company’s stock.
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Several brokerages have weighed in on TRMK. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 price target on shares of Trustmark Corporation in a research report on Thursday. Jefferies Group LLC restated a “hold” rating and set a $36.00 target price on shares of Trustmark Corporation in a research report on Thursday, October 12th. Zacks Investment Research cut Trustmark Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. ValuEngine upgraded Trustmark Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Finally, Stephens set a $34.00 target price on Trustmark Corporation and gave the company a “hold” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Trustmark Corporation has an average rating of “Hold” and an average target price of $34.40.
Trustmark Corporation (NASDAQ:TRMK) opened at 33.68 on Friday. Trustmark Corporation has a 1-year low of $26.81 and a 1-year high of $36.79. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 19.84 and a beta of 1.17. The firm has a 50-day moving average of $32.11 and a 200-day moving average of $31.83.
Trustmark Corporation (NASDAQ:TRMK) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. Trustmark Corporation had a net margin of 18.56% and a return on equity of 8.21%. The firm had revenue of $153.37 million during the quarter, compared to analysts’ expectations of $154.40 million. During the same period in the previous year, the company earned $0.47 earnings per share. Equities research analysts anticipate that Trustmark Corporation will post $1.75 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.73%. The ex-dividend date is Thursday, November 30th. Trustmark Corporation’s payout ratio is currently 52.57%.
Trustmark Corporation Profile
Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.
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