Wellington Management Group LLP Acquires 1,115,708 Shares of Trustmark Co. (NASDAQ:TRMK)

Wellington Management Group LLP lifted its stake in shares of Trustmark Co. (NASDAQ:TRMK - Free Report) by 82.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,472,561 shares of the financial services provider's stock after buying an additional 1,115,708 shares during the quarter. Wellington Management Group LLP owned about 4.07% of Trustmark worth $87,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Barclays PLC grew its position in 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 purchasing an additional 69,779 shares during the period. CIBC Asset Management Inc acquired a new stake in Trustmark in the 4th quarter valued at $217,000. Raymond James Financial Inc. bought a new position in Trustmark during the 4th quarter valued at $1,145,000. Deutsche Bank AG lifted its stake in Trustmark by 54.5% during the 4th quarter. Deutsche Bank AG now owns 52,756 shares of the financial services provider's stock valued at $1,866,000 after acquiring an additional 18,603 shares in the last quarter. Finally, KBC Group NV lifted its stake in Trustmark by 43.0% during the 4th quarter. KBC Group NV now owns 3,163 shares of the financial services provider's stock valued at $112,000 after acquiring an additional 951 shares in the last quarter. Institutional investors and hedge funds own 67.64% of the company's stock.

Trustmark Stock Performance

Shares of NASDAQ TRMK traded down $0.27 during mid-day trading on Friday, reaching $34.55. 267,266 shares of the company's stock were exchanged, compared to its average volume of 304,527. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 9.49 and a beta of 0.63. Trustmark Co. has a 52 week low of $27.42 and a 52 week high of $40.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a 50-day moving average price of $33.91 and a two-hundred day moving average price of $35.57.

Trustmark (NASDAQ:TRMK - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. The firm had revenue of $231.83 million during 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%. Analysts predict that Trustmark Co. will post 3.42 EPS for the current year.

Trustmark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st will be given a dividend of $0.24 per share. The ex-dividend date is Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.78%. Trustmark's dividend payout ratio is presently 25.00%.

Analysts Set New Price Targets

TRMK has been the topic of several recent analyst reports. Hovde Group raised 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 raised their price objective on Trustmark from $40.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods dropped their price objective on Trustmark from $45.00 to $43.00 and set an "outperform" rating on the stock in a research note 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $39.80.

Trustmark Company 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.