BNP Paribas Financial Markets Sells 8,827 Shares of Trustmark Co. (NASDAQ:TRMK)

BNP Paribas Financial Markets lowered its stake 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 quarter.

Several other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP boosted its position in Trustmark by 82.2% in the fourth quarter. Wellington Management Group LLP now owns 2,472,561 shares of the financial services provider's stock worth $87,454,000 after purchasing an additional 1,115,708 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Trustmark by 176.2% in the fourth quarter. JPMorgan Chase & Co. now owns 339,662 shares of the financial services provider's stock worth $12,014,000 after purchasing an additional 216,706 shares during the last quarter. Trustmark National Bank Trust Department boosted its position in Trustmark by 129.6% in the fourth quarter. Trustmark National Bank Trust Department now owns 299,423 shares of the financial services provider's stock worth $10,591,000 after purchasing an additional 169,011 shares during the last quarter. Norges Bank purchased a new position in Trustmark in the fourth quarter worth $5,704,000. Finally, Edgestream Partners L.P. purchased a new position in Trustmark in the fourth quarter worth $2,652,000. Institutional investors own 67.64% of the company's stock.

Analyst Ratings Changes

TRMK has been the topic of several research analyst reports. DA Davidson boosted their price objective on Trustmark from $40.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Hovde Group upped their price target on Trustmark from $36.00 to $37.00 and gave the company a "market perform" rating in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods dropped their price target on Trustmark from $45.00 to $43.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.80.

Trustmark Stock Performance

Shares of NASDAQ TRMK traded up $0.17 during trading on Thursday, reaching $34.82. 210,225 shares of the stock traded hands, compared to its average volume of 304,043. Trustmark Co. has a 52-week low of $27.42 and a 52-week high of $40.73. 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 50-day moving average of $33.92 and a 200-day moving average of $35.60. The stock has a market capitalization of $2.11 billion, a P/E ratio of 9.57 and a beta of 0.63.

Trustmark (NASDAQ:TRMK - Get Free Report) last issued its quarterly 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. The firm had revenue of $231.83 million for the quarter, compared to analysts' expectations of $195.38 million. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. Analysts forecast that Trustmark Co. will post 3.42 EPS for the current fiscal year.

Trustmark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be issued a dividend of $0.24 per share. 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 2.76%. Trustmark's dividend payout ratio (DPR) 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.