Barlow Wealth Partners Inc. Purchases Shares of 26,864 Trustmark Corporation (NASDAQ:TRMK)

Barlow Wealth Partners Inc. purchased a new stake in shares of Trustmark Corporation (NASDAQ:TRMK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,864 shares of the financial services provider's stock, valued at approximately $896,000.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in shares of Trustmark in the 4th quarter worth about $37,000. Lazard Asset Management LLC acquired a new stake in Trustmark during the 4th quarter worth $47,000. GAMMA Investing LLC increased its holdings in Trustmark by 41.0% in the first quarter. GAMMA Investing LLC now owns 1,809 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 526 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Trustmark by 817.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,918 shares of the financial services provider's stock worth $68,000 after buying an additional 1,709 shares during the period. Finally, Mascagni Wealth Management Inc. bought a new position in Trustmark during the 4th quarter worth approximately $82,000. Institutional investors and hedge funds own 67.64% of the company's stock.

Analysts Set New Price Targets

TRMK has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of Trustmark from $45.00 to $43.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Hovde Group raised their price target on Trustmark from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday, April 28th. Finally, Wall Street Zen lowered Trustmark from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $39.80.

Trustmark Stock Up 1.1%

Shares of TRMK traded up $0.43 during mid-day trading on Friday, hitting $38.59. 203,724 shares of the company's stock were exchanged, compared to its average volume of 308,847. The company has a 50-day simple moving average of $35.06 and a 200 day simple moving average of $35.03. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market cap of $2.33 billion, a PE ratio of 10.05 and a beta of 0.66. Trustmark Corporation has a 52 week low of $28.76 and a 52 week high of $40.73.

Trustmark (NASDAQ:TRMK - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.06. The business had revenue of $231.83 million for the quarter, compared to the consensus estimate of $195.38 million. Trustmark had a return on equity of 10.29% and a net margin of 20.73%. On average, research analysts forecast that Trustmark Corporation will post 3.42 earnings per share for the current fiscal year.

Trustmark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Sunday, June 1st were issued a dividend of $0.24 per share. The ex-dividend date was Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.49%. Trustmark's payout ratio is 25.00%.

Trustmark Company Profile

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.