Trustmark Corp (TRMK) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund trimmed its holdings in shares of Trustmark Corp (NASDAQ:TRMK) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,790 shares of the financial services provider’s stock after selling 3,664 shares during the period. Texas Permanent School Fund owned about 0.07% of Trustmark worth $1,459,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its holdings 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 worth $239,000 after buying an additional 844 shares in the last quarter. Flinton Capital Management LLC boosted its holdings 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 worth $143,000 after buying an additional 1,216 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Trustmark by 0.7% during the second quarter. TIAA CREF Investment Management LLC now owns 185,396 shares of the financial services provider’s stock worth $5,962,000 after buying an additional 1,317 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Trustmark by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 167,561 shares of the financial services provider’s stock worth $5,389,000 after buying an additional 1,382 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Trustmark by 0.8% during the third quarter. Ameriprise Financial Inc. now owns 206,181 shares of the financial services provider’s stock worth $6,829,000 after buying an additional 1,674 shares in the last quarter. Hedge funds and other institutional investors own 62.34% of the company’s stock.

Shares of Trustmark Corp (NASDAQ TRMK) traded up $0.43 during trading hours on Friday, hitting $32.34. 268,046 shares of the company traded hands, compared to its average volume of 319,088. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2,190.91, a P/E ratio of 20.86 and a beta of 1.11. Trustmark Corp has a fifty-two week low of $28.16 and a fifty-two week high of $35.09.

Trustmark (NASDAQ:TRMK) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Trustmark had a net margin of 16.15% and a return on equity of 8.35%. The company had revenue of $153.06 million during the quarter, compared to the consensus estimate of $152.80 million. During the same quarter in the prior year, the firm earned $0.43 EPS. sell-side analysts predict that Trustmark Corp will post 2.15 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.84%. Trustmark’s payout ratio is 59.35%.

TRMK has been the subject of a number of research reports. BidaskClub upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of Trustmark from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Saturday, January 13th. Hovde Group set a $33.00 price target on shares of Trustmark and gave the company a “hold” rating in a research report on Monday, February 5th. ValuEngine downgraded shares of Trustmark from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Stephens restated a “hold” rating and issued a $34.00 price target on shares of Trustmark in a research report on Thursday, January 25th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Trustmark currently has an average rating of “Hold” and a consensus target price of $34.50.

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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.

Institutional Ownership by Quarter for Trustmark (NASDAQ:TRMK)

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