BNP Paribas Financial Markets Reduces Stock Holdings in Trustmark Co. (NASDAQ:TRMK)

BNP Paribas Financial Markets lowered its holdings in shares of Trustmark Co. (NASDAQ:TRMK - Free Report) by 37.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,940 shares of the financial services provider's stock after selling 8,827 shares during the quarter. BNP Paribas Financial Markets' holdings in Trustmark were worth $528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TRMK. Barclays PLC raised its position in shares of Trustmark by 124.7% during the 3rd quarter. Barclays PLC now owns 125,743 shares of the financial services provider's stock valued at $4,001,000 after buying an additional 69,779 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Trustmark in the fourth quarter worth $217,000. Raymond James Financial Inc. bought a new stake in Trustmark during the 4th quarter valued at about $1,145,000. BankPlus Wealth Management LLC bought a new position in shares of Trustmark during the 4th quarter worth $433,000. Finally, KBC Group NV raised its holdings in shares of Trustmark by 43.0% in the 4th quarter. KBC Group NV now owns 3,163 shares of the financial services provider's stock valued at $112,000 after purchasing an additional 951 shares in the last quarter. Institutional investors own 67.64% of the company's stock.

Trustmark Stock Down 0.3%

Shares of Trustmark stock traded down $0.10 during trading on Thursday, hitting $34.57. 12,672 shares of the stock were exchanged, compared to its average volume of 320,664. The firm's 50-day moving average price is $33.93 and its 200 day moving average price is $35.64. 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 stock has a market cap of $2.09 billion, a price-to-earnings ratio of 9.50 and a beta of 0.63. Trustmark Co. has a 12-month low of $27.42 and a 12-month high of $40.73.

Trustmark (NASDAQ:TRMK - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.06. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. The business had revenue of $231.83 million during the quarter, compared to analysts' expectations of $195.38 million. As a group, analysts forecast that Trustmark Co. will post 3.42 earnings per share for the current fiscal year.

Trustmark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.78%. Trustmark's payout ratio is currently 25.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. DA Davidson lifted their price objective on shares of Trustmark from $40.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on Trustmark from $45.00 to $43.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, Hovde Group lifted their target price on shares of Trustmark from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $39.80.

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.