23,000 Shares in Trustmark Corporation $TRMK Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in shares of Trustmark Corporation (NASDAQ:TRMK) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 23,000 shares of the financial services provider’s stock, valued at approximately $898,000.

A number of other hedge funds have also recently bought and sold shares of TRMK. Rockefeller Capital Management L.P. boosted its holdings in Trustmark by 1,129.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 848 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 779 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of Trustmark by 9.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,393 shares of the financial services provider’s stock valued at $483,000 after buying an additional 1,090 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Trustmark during the fourth quarter valued at about $207,000. Empowered Funds LLC raised its position in shares of Trustmark by 107.6% during the fourth quarter. Empowered Funds LLC now owns 245,602 shares of the financial services provider’s stock valued at $9,566,000 after buying an additional 127,284 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in shares of Trustmark by 2.8% in the fourth quarter. Voloridge Investment Management LLC now owns 114,257 shares of the financial services provider’s stock valued at $4,450,000 after buying an additional 3,146 shares during the period. 67.64% of the stock is owned by institutional investors.

Trustmark Trading Up 0.3%

TRMK stock opened at $46.39 on Tuesday. Trustmark Corporation has a 1-year low of $36.05 and a 1-year high of $47.44. The firm has a market cap of $2.72 billion, a P/E ratio of 12.27 and a beta of 0.65. The business’s 50 day moving average is $44.92 and its 200-day moving average is $43.37. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.11.

Trustmark (NASDAQ:TRMK) last posted its earnings results on Tuesday, April 28th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The business had revenue of $208.07 million during the quarter, compared to the consensus estimate of $204.98 million. Trustmark had a return on equity of 10.74% and a net margin of 20.12%.During the same quarter last year, the company earned $0.88 EPS. Equities analysts anticipate that Trustmark Corporation will post 3.92 earnings per share for the current fiscal year.

Trustmark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. Trustmark’s dividend payout ratio (DPR) is presently 26.46%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Piper Sandler boosted their price target on Trustmark from $44.00 to $45.50 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded Trustmark from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $45.00 price objective on shares of Trustmark in a research report on Thursday, April 9th. Weiss Ratings raised Trustmark from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 1st. Finally, DA Davidson restated a “neutral” rating and set a $44.00 price objective on shares of Trustmark in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $44.75.

Trustmark Company Profile

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.