Trustmark Co. (NASDAQ:TRMK) Stock Holdings Raised 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 lifted its holdings in shares of Trustmark Co. (NASDAQ:TRMK - Free Report) by 18.2% during 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 about 0.21% of Trustmark worth $4,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Waverly Advisors LLC lifted its holdings in shares of Trustmark by 13.3% during the 4th quarter. Waverly Advisors LLC now owns 35,019 shares of the financial services provider's stock valued at $1,239,000 after acquiring an additional 4,121 shares in the last quarter. Vident Advisory LLC acquired a new position in shares of Trustmark during the 4th quarter valued at $220,000. Squarepoint Ops LLC lifted its holdings in shares of Trustmark by 70.4% during the 4th quarter. Squarepoint Ops LLC now owns 39,409 shares of the financial services provider's stock valued at $1,394,000 after acquiring an additional 16,287 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Trustmark during the 4th quarter valued at $651,000. Finally, ProShare Advisors LLC lifted its holdings in shares of Trustmark by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 18,346 shares of the financial services provider's stock valued at $649,000 after acquiring an additional 5,643 shares in the last quarter. Institutional investors and hedge funds own 67.64% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRMK. Hovde Group lifted their target price on shares of Trustmark from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, April 28th. Wall Street Zen downgraded shares of Trustmark from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods dropped their price target 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 analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $39.80.

Trustmark Stock Up 1.6%

Trustmark stock traded up $0.56 during midday trading on Friday, hitting $34.81. 268,058 shares of the stock were exchanged, compared to its average volume of 306,097. Trustmark Co. has a 1 year low of $27.42 and a 1 year high of $40.73. The firm has a market cap of $2.11 billion, a P/E ratio of 9.56 and a beta of 0.66. 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 company has a 50 day moving average price of $33.88 and a two-hundred day moving average price of $35.43.

Trustmark (NASDAQ:TRMK - Get Free Report) last released its quarterly earnings results 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 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%. On average, sell-side analysts predict that Trustmark Co. will post 3.42 earnings per share for the current fiscal year.

Trustmark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, May 30th. 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.