Trustmark Co. (NASDAQ:TRMK) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Trustmark Co. (NASDAQ:TRMK - Free Report) by 18.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,552 shares of the financial services provider's stock after acquiring an additional 19,482 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Trustmark worth $4,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. AlphaQuest LLC grew its holdings in shares of Trustmark by 4.7% during the fourth quarter. AlphaQuest LLC now owns 10,157 shares of the financial services provider's stock worth $359,000 after buying an additional 456 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Trustmark by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 54,274 shares of the financial services provider's stock worth $1,920,000 after acquiring an additional 528 shares during the last quarter. Element Wealth LLC lifted its position in 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 buying an additional 533 shares in the last quarter. Swiss National Bank lifted its position in Trustmark by 0.7% during the fourth quarter. Swiss National Bank now owns 114,400 shares of the financial services provider's stock valued at $4,046,000 after buying an additional 800 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in Trustmark by 7.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 11,930 shares of the financial services provider's stock valued at $422,000 after buying an additional 847 shares in the last quarter. 67.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Hovde Group lifted their price objective 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. Wall Street Zen lowered shares of Trustmark from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Keefe, Bruyette & Woods dropped their price objective 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $39.80.

Trustmark Stock Up 0.1%

Shares of NASDAQ:TRMK traded up $0.02 during midday trading on Thursday, reaching $34.25. The company had a trading volume of 247,826 shares, compared to its average volume of 305,489. 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 stock's fifty day moving average price is $33.88 and its 200-day moving average price is $35.49. The stock has a market capitalization of $2.07 billion, a P/E ratio of 9.41 and a beta of 0.63. Trustmark Co. has a one year low of $27.42 and a one year high of $40.73.

Trustmark (NASDAQ:TRMK - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. The business 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%. Equities research analysts expect that Trustmark Co. will post 3.42 earnings per share for the current fiscal year.

Trustmark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.80%. Trustmark's dividend payout ratio (DPR) is presently 25.00%.

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.