Hsbc Holdings PLC lifted its position in shares of Trustmark Co. (NASDAQ:TRMK - Free Report) by 110.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,194 shares of the financial services provider's stock after acquiring an additional 8,494 shares during the quarter. Hsbc Holdings PLC's holdings in Trustmark were worth $575,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Barclays PLC grew its holdings in Trustmark by 124.7% in the third 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. World Investment Advisors LLC acquired a new stake in Trustmark in the 3rd quarter valued at $499,000. Principal Financial Group Inc. increased its holdings in Trustmark by 6.8% in the 3rd quarter. Principal Financial Group Inc. now owns 598,969 shares of the financial services provider's stock worth $19,059,000 after acquiring an additional 37,989 shares in the last quarter. JPMorgan Chase & Co. raised its position in Trustmark by 10.7% during the third quarter. JPMorgan Chase & Co. now owns 122,956 shares of the financial services provider's stock worth $3,912,000 after acquiring an additional 11,934 shares during the period. Finally, HB Wealth Management LLC lifted its holdings in Trustmark by 0.7% during the fourth quarter. HB Wealth Management LLC now owns 74,634 shares of the financial services provider's stock valued at $2,640,000 after purchasing an additional 528 shares in the last quarter. 67.64% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
TRMK has been the topic of several research analyst reports. Hovde Group lifted their price objective on Trustmark from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, April 28th. Janney Montgomery Scott started coverage on shares of Trustmark in a research report on Friday, January 24th. They issued a "buy" rating and a $42.00 target price for the company. Keefe, Bruyette & Woods dropped 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. Finally, DA Davidson upped their target price on Trustmark from $40.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $39.80.
View Our Latest Stock Report on TRMK
Trustmark Trading Down 0.3 %
Shares of NASDAQ TRMK traded down $0.11 during trading on Friday, reaching $35.12. The stock had a trading volume of 150,284 shares, compared to its average volume of 298,452. The business's 50-day moving average price is $33.56 and its 200-day moving average price is $35.66. Trustmark Co. has a fifty-two week low of $27.42 and a fifty-two week high of $40.73. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market cap of $2.12 billion, a P/E ratio of 9.65 and a beta of 0.63.
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 company had revenue of $231.83 million for 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%. On average, equities research analysts predict 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. Shareholders 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 annualized dividend and a dividend yield of 2.73%. Trustmark's dividend payout ratio (DPR) is 25.00%.
About Trustmark
(
Free Report)
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.
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