Rafferty Asset Management LLC decreased its position in Trustmark Co. (NASDAQ:TRMK - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,170 shares of the financial services provider's stock after selling 7,734 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.09% of Trustmark worth $1,951,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in TRMK. Wellington Management Group LLP grew its position in Trustmark by 82.2% in the 4th 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Trustmark by 176.2% in the 4th quarter. JPMorgan Chase & Co. now owns 339,662 shares of the financial services provider's stock worth $12,014,000 after buying an additional 216,706 shares during the last quarter. Trustmark National Bank Trust Department grew its holdings in shares of 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 valued at $10,591,000 after acquiring an additional 169,011 shares in the last quarter. Norges Bank purchased a new stake in shares of Trustmark during the fourth quarter valued at approximately $5,704,000. Finally, Millennium Management LLC increased its position in shares of Trustmark by 112.1% during the fourth quarter. Millennium Management LLC now owns 175,786 shares of the financial services provider's stock valued at $6,218,000 after acquiring an additional 92,890 shares during the last quarter. Hedge funds and other institutional investors own 67.64% of the company's stock.
Trustmark Stock Performance
NASDAQ TRMK traded down $0.10 on Monday, hitting $34.61. 396,172 shares of the stock traded hands, compared to its average volume of 304,067. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. The business's fifty day moving average is $33.88 and its two-hundred day moving average is $35.68. Trustmark Co. has a 12 month low of $27.42 and a 12 month high of $40.73. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 9.51 and a beta of 0.63.
Trustmark (NASDAQ:TRMK - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate 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 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 EPS for the current fiscal year.
Trustmark Dividend Announcement
The firm 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 $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.77%. The ex-dividend date is Friday, May 30th. Trustmark's dividend payout ratio (DPR) is presently 25.00%.
Analyst Ratings Changes
A number of brokerages have issued reports on TRMK. Hovde Group upped their price objective on Trustmark from $36.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. DA Davidson boosted their price target on shares of 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 reduced their price target 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Trustmark has a consensus rating of "Hold" and a consensus target price of $39.80.
Check Out Our Latest Report on Trustmark
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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