Squarepoint Ops LLC Has $1.39 Million Holdings in Trustmark Co. (NASDAQ:TRMK)

Squarepoint Ops LLC grew its position in shares of Trustmark Co. (NASDAQ:TRMK - Free Report) by 70.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,409 shares of the financial services provider's stock after acquiring an additional 16,287 shares during the quarter. Squarepoint Ops LLC owned 0.06% of Trustmark worth $1,394,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TRMK. Jones Financial Companies Lllp acquired a new position in Trustmark during the fourth quarter worth $37,000. Lazard Asset Management LLC acquired a new position in shares of Trustmark during the 4th quarter worth about $47,000. Sterling Capital Management LLC boosted its stake in shares of Trustmark by 817.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,918 shares of the financial services provider's stock worth $68,000 after buying an additional 1,709 shares during the last quarter. KBC Group NV boosted its position in Trustmark by 43.0% during the fourth 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 during the last quarter. Finally, Cibc World Markets Corp acquired a new position in Trustmark during the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 67.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TRMK. 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 research report on Thursday, April 24th. Wall Street Zen downgraded Trustmark from a "buy" rating to a "hold" rating in a report on Friday. Finally, Hovde Group increased their price target on shares of Trustmark from $36.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, April 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $39.80.

Trustmark Stock Performance

Shares of NASDAQ TRMK traded up $0.43 during mid-day trading on Tuesday, reaching $34.72. 86,521 shares of the company were exchanged, compared to its average volume of 304,166. The company's 50-day simple moving average is $33.89 and its 200-day simple moving average is $35.50. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.10 billion, a P/E ratio of 9.54 and a beta of 0.63. Trustmark Co. has a twelve month low of $27.42 and a twelve month 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 (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.06. The firm had revenue of $231.83 million during 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, research analysts predict that Trustmark Co. will post 3.42 earnings per share for the current year.

Trustmark Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 2.76%. Trustmark's payout ratio is currently 25.00%.

Trustmark 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.