Cubist Systematic Strategies LLC grew its position in shares of Trustmark Co. (NASDAQ:TRMK - Free Report) by 486.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,448 shares of the financial services provider's stock after acquiring an additional 79,996 shares during the period. Cubist Systematic Strategies LLC owned about 0.16% of Trustmark worth $3,411,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of TRMK. Jones Financial Companies Lllp purchased a new stake in Trustmark in the 4th quarter worth approximately $37,000. Sterling Capital Management LLC lifted its stake in Trustmark by 817.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,918 shares of the financial services provider's stock worth $68,000 after acquiring an additional 1,709 shares during the period. KBC Group NV lifted its stake in Trustmark by 43.0% in the fourth quarter. KBC Group NV now owns 3,163 shares of the financial services provider's stock worth $112,000 after acquiring an additional 951 shares during the period. Cibc World Markets Corp bought a new stake in Trustmark in the fourth quarter valued at $201,000. Finally, Blue Trust Inc. increased its position in Trustmark by 19.0% during the 4th quarter. Blue Trust Inc. now owns 5,896 shares of the financial services provider's stock valued at $209,000 after purchasing an additional 943 shares during the period. 67.64% of the stock is owned by institutional investors.
Trustmark Stock Up 0.1%
TRMK traded up $0.05 during midday trading on Tuesday, reaching $36.25. The company's stock had a trading volume of 347,397 shares, compared to its average volume of 299,482. Trustmark Co. has a 1 year low of $27.42 and a 1 year high of $40.73. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 9.96 and a beta of 0.63. The stock's 50-day moving average is $33.61 and its 200-day moving average is $35.68.
Trustmark (NASDAQ:TRMK - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.82 by $0.06. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. The business had revenue of $231.83 million for the quarter, compared to the consensus estimate of $195.38 million. As a group, research analysts expect that Trustmark Co. will post 3.42 EPS for the current year.
Trustmark Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.65%. Trustmark's dividend payout ratio is presently 25.00%.
Analysts Set New Price Targets
Several research firms have recently commented on TRMK. Hovde Group raised their target price on shares of Trustmark from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday, April 28th. Janney Montgomery Scott assumed coverage on Trustmark in a research report on Friday, January 24th. They set a "buy" rating and a $42.00 price objective on the stock. DA Davidson upped their target price on Trustmark from $40.00 to $41.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods lowered their target price on Trustmark from $45.00 to $43.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $39.80.
View Our Latest Research Report on Trustmark
Trustmark Profile
(
Free Report)
Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; financing for commercial and industrial projects, income-producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit, as well as treasury management services.
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