Jane Street Group LLC purchased a new position in Trustmark Corp (NASDAQ:TRMK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,274 shares of the financial services provider’s stock, valued at approximately $274,000.
A number of other institutional investors also recently made changes to their positions in the business. Earnest Partners LLC increased its stake in shares of Trustmark by 16.9% during the second quarter. Earnest Partners LLC now owns 2,026,880 shares of the financial services provider’s stock valued at $65,184,000 after buying an additional 292,290 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Trustmark by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,033,036 shares of the financial services provider’s stock worth $161,864,000 after acquiring an additional 189,873 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Trustmark by 2.1% in the second quarter. Vanguard Group Inc. now owns 5,625,905 shares of the financial services provider’s stock worth $180,929,000 after acquiring an additional 116,857 shares in the last quarter. State of Tennessee Treasury Department bought a new stake in Trustmark in the second quarter worth $3,216,000. Finally, Wells Fargo & Company MN boosted its holdings in Trustmark by 4.2% in the second quarter. Wells Fargo & Company MN now owns 2,253,867 shares of the financial services provider’s stock worth $72,484,000 after acquiring an additional 91,676 shares in the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.
TRMK has been the topic of a number of research analyst reports. Zacks Investment Research raised Trustmark from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Saturday. BidaskClub raised Trustmark from a “sell” rating to a “hold” rating in a report on Thursday. SunTrust Banks reiterated a “hold” rating and set a $38.00 price objective on shares of Trustmark in a research report on Tuesday. ValuEngine cut Trustmark from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 price objective on shares of Trustmark in a research report on Thursday, October 26th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Trustmark presently has a consensus rating of “Hold” and a consensus target price of $35.67.
Shares of Trustmark Corp (TRMK) traded up $0.12 during trading on Friday, reaching $33.77. The company had a trading volume of 246,179 shares, compared to its average volume of 286,692. Trustmark Corp has a 52 week low of $28.16 and a 52 week high of $35.32. The company has a market capitalization of $2,290.00, a price-to-earnings ratio of 19.30 and a beta of 1.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.74 and a current ratio of 0.76.
Trustmark (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Trustmark had a return on equity of 8.21% and a net margin of 18.56%. The business had revenue of $153.37 million during the quarter, compared to analyst estimates of $154.40 million. During the same period last year, the company earned $0.47 EPS. sell-side analysts predict that Trustmark Corp will post 1.92 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Thursday, November 30th. Trustmark’s dividend payout ratio is currently 52.57%.
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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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