Deutsche Bank AG raised its stake in Trustmark Co. (NASDAQ:TRMK - Free Report) by 54.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,756 shares of the financial services provider's stock after acquiring an additional 18,603 shares during the period. Deutsche Bank AG owned approximately 0.09% of Trustmark worth $1,866,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of TRMK. AlphaQuest LLC increased its stake in Trustmark by 4.7% during the 4th quarter. AlphaQuest LLC now owns 10,157 shares of the financial services provider's stock valued at $359,000 after purchasing an additional 456 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Trustmark by 1.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 54,274 shares of the financial services provider's stock valued at $1,920,000 after buying an additional 528 shares during the last quarter. Element Wealth LLC increased its position in shares of Trustmark by 6.3% during the fourth quarter. Element Wealth LLC now owns 9,018 shares of the financial services provider's stock valued at $319,000 after acquiring an additional 533 shares in the last quarter. Swiss National Bank raised its holdings in Trustmark by 0.7% in the 4th quarter. Swiss National Bank now owns 114,400 shares of the financial services provider's stock worth $4,046,000 after acquiring an additional 800 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in Trustmark by 7.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 11,930 shares of the financial services provider's stock valued at $422,000 after acquiring an additional 847 shares in the last quarter. 67.64% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on TRMK shares. Hovde Group lifted their target price on Trustmark from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, April 28th. DA Davidson lifted their price objective 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 shares of Trustmark from $45.00 to $43.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Trustmark presently has a consensus rating of "Hold" and a consensus price target of $39.80.
Get Our Latest Stock Report on Trustmark
Trustmark Stock Performance
TRMK stock traded up $0.17 during trading on Thursday, reaching $34.82. The stock had a trading volume of 210,225 shares, compared to its average volume of 304,043. The firm has a market cap of $2.11 billion, a PE ratio of 9.57 and a beta of 0.63. 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 stock's 50 day moving average is $33.92 and its two-hundred day moving average is $35.60. Trustmark Co. has a 52 week low of $27.42 and a 52 week high of $40.73.
Trustmark (NASDAQ:TRMK - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate 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 net margin of 19.42% and a return on equity of 10.12%. As a group, equities analysts anticipate that Trustmark Co. will post 3.42 earnings per share for the current year.
Trustmark Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Friday, May 30th. Trustmark's dividend payout ratio is presently 25.00%.
About Trustmark
(
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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