Trustmark Corporation (TRMK) Stake Lessened by Nationwide Fund Advisors

Nationwide Fund Advisors decreased its position in Trustmark Corporation (NASDAQ:TRMK) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,568 shares of the financial services provider’s stock after selling 3,225 shares during the quarter. Nationwide Fund Advisors owned approximately 0.26% of Trustmark worth $5,749,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Trustmark by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock valued at $107,000 after buying an additional 296 shares during the period. Creative Planning grew its position in Trustmark by 7.0% during the second quarter. Creative Planning now owns 3,705 shares of the financial services provider’s stock valued at $119,000 after buying an additional 241 shares during the period. Flinton Capital Management LLC grew its position in Trustmark by 37.6% during the second quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock valued at $143,000 after buying an additional 1,216 shares during the period. Riverhead Capital Management LLC grew its position in Trustmark by 38.5% during the second quarter. Riverhead Capital Management LLC now owns 7,065 shares of the financial services provider’s stock valued at $227,000 after buying an additional 1,965 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in Trustmark by 12.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,436 shares of the financial services provider’s stock valued at $239,000 after buying an additional 844 shares during the period. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Trustmark Corporation (NASDAQ TRMK) opened at $32.63 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2,210.00, a PE ratio of 17.52 and a beta of 1.15. Trustmark Corporation has a 1 year low of $28.16 and a 1 year high of $36.58.

Trustmark (NASDAQ:TRMK) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $153.37 million during the quarter, compared to analyst estimates of $154.40 million. Trustmark had a net margin of 18.56% and a return on equity of 8.21%. During the same quarter last year, the business earned $0.47 earnings per share. equities analysts forecast that Trustmark Corporation will post 1.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.92 dividend on an annualized basis and a yield of 2.82%. Trustmark’s dividend payout ratio is presently 52.57%.

Several research firms recently weighed in on TRMK. Zacks Investment Research upgraded shares of Trustmark from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Friday, September 8th. Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 price target on shares of Trustmark in a research report on Thursday, October 26th. ValuEngine lowered shares of Trustmark from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Jefferies Group restated a “hold” rating and set a $36.00 price target on shares of Trustmark in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $34.40.

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Trustmark 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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Institutional Ownership by Quarter for Trustmark (NASDAQ:TRMK)

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