Trustmark Co. (NASDAQ:TRMK) Shares Purchased by Squarepoint Ops LLC

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

Several other institutional investors have also added to or reduced their stakes in TRMK. Wellington Management Group LLP increased its holdings in Trustmark by 82.2% during 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 acquiring an additional 1,115,708 shares during the period. JPMorgan Chase & Co. raised its position in shares of 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 buying an additional 216,706 shares in the last quarter. Trustmark National Bank Trust Department grew its position in Trustmark by 129.6% during 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 buying an additional 169,011 shares in the last quarter. Norges Bank bought a new position in Trustmark in the 4th quarter worth about $5,704,000. Finally, Millennium Management LLC increased its stake in Trustmark by 112.1% in the 4th quarter. Millennium Management LLC now owns 175,786 shares of the financial services provider's stock worth $6,218,000 after acquiring an additional 92,890 shares during the last quarter. 67.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TRMK. Wall Street Zen lowered shares of Trustmark from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Hovde Group lifted their price target on Trustmark from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods reduced their price objective 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Trustmark has a consensus rating of "Hold" and a consensus price target of $39.80.

Trustmark Price Performance

Shares of TRMK traded down $0.50 during midday trading on Wednesday, hitting $34.23. 210,744 shares of the company traded hands, compared to its average volume of 305,454. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 9.40 and a beta of 0.63. The firm has a 50 day moving average of $33.88 and a 200-day moving average of $35.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. 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 announced its earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.06. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. The business had revenue of $231.83 million during the quarter, compared to analyst estimates of $195.38 million. On average, analysts forecast that Trustmark Co. will post 3.42 EPS for the current fiscal 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 issued a $0.24 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.80%. Trustmark's dividend payout ratio is currently 25.00%.

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.