Arizona State Retirement System raised its position in Trustmark Corp (NASDAQ:TRMK) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,758 shares of the financial services provider’s stock after purchasing an additional 10,399 shares during the period. Arizona State Retirement System owned approximately 0.07% of Trustmark worth $1,553,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of TRMK. Crossmark Global Holdings Inc. bought a new stake in Trustmark in the third quarter valued at approximately $202,000. Public Employees Retirement System of Ohio increased its stake in Trustmark by 107.6% in the third quarter. Public Employees Retirement System of Ohio now owns 7,468 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 3,870 shares in the last quarter. Jane Street Group LLC bought a new stake in Trustmark in the third quarter valued at approximately $274,000. ING Groep NV increased its stake in Trustmark by 23.2% in the fourth quarter. ING Groep NV now owns 10,222 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 1,926 shares in the last quarter. Finally, Vantage Investment Advisors LLC bought a new stake in Trustmark in the fourth quarter valued at approximately $363,000. 63.77% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on TRMK. BidaskClub raised shares of Trustmark from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Zacks Investment Research raised shares of Trustmark from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Saturday, January 13th. Hovde Group set a $33.00 price objective on shares of Trustmark and gave the stock a “hold” rating in a research report on Monday, February 5th. SunTrust Banks lowered their price objective on shares of Trustmark to $33.00 and set an “average” rating for the company in a research report on Tuesday, January 30th. Finally, Stephens reissued a “hold” rating and set a $34.00 price objective on shares of Trustmark in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.50.
Shares of Trustmark Corp (NASDAQ TRMK) opened at $32.35 on Thursday. The company has a market cap of $2,267.84, a price-to-earnings ratio of 20.87 and a beta of 1.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.76. Trustmark Corp has a 12 month low of $28.16 and a 12 month high of $35.09.
Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The firm had revenue of $153.06 million during the quarter, compared to analysts’ expectations of $152.80 million. Trustmark had a net margin of 16.15% and a return on equity of 8.35%. During the same quarter last year, the company posted $0.43 earnings per share. equities research analysts expect that Trustmark Corp will post 2.15 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Wednesday, February 28th. Trustmark’s dividend payout ratio is currently 59.35%.
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Trustmark Company 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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