Trustmark Co. (NASDAQ:TRMK) Shares Sold by BNP Paribas Financial Markets

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 the company in its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

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

Trustmark Stock Performance

NASDAQ:TRMK traded up $0.65 during midday trading on Tuesday, reaching $35.26. The stock had a trading volume of 210,298 shares, compared to its average volume of 303,692. The stock has a market cap of $2.13 billion, a P/E ratio of 9.69 and a beta of 0.63. Trustmark Co. has a 12-month low of $27.42 and a 12-month high of $40.73. The firm has a fifty day simple moving average of $33.89 and a two-hundred day simple moving average of $35.65. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09.

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

Trustmark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, May 30th. Trustmark's payout ratio is currently 25.00%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Hovde Group upped their price target 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. Keefe, Bruyette & Woods dropped their target price on Trustmark from $45.00 to $43.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, DA Davidson upped 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $39.80.

About Trustmark

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.